N1.3bn Debt: AMCON Takes Over Inducon Nigeria’s Assets         The Asset Management Corporation of Nigeria has said it took over an asset belonging to the Chief Promoter of Inducon Nigeria Limited, Dr. John Abebe, over N1.3bn debt. In a statement on Sunday from the Head, Corporate Communications...

Declining Revenue Raises FG’s Deficit To N1.3trn In Q3, 2020           The Federal Government (FG) recorded a 42 percent shortfall in revenue collected in the third quarter 2020 (Q3’20) which resulted in deficit spending of N1.29 trillion during the quarter. The deficit spending recorded in the period...

Six Lending Banks Boost Economy With N1.3trn Credit In 2020         Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional N1.337 trillion through loans and advances to their customers across all sectors of the economy...

Fed Govt Waives N1.3trn In Import Duty, VAT         The Federal Government yesterday, said it has waived import duty and Value Added Tax, VAT, valued at about N1.3 trillion in addition to other incentives in nine years to 2019. The Minister of Finance, Budget and National Planning,...

CBN Launches Programmes To Tackle N1.3trn Food Imports   The Central Bank of Nigeria says it is currently implementing various intervention programmes that will catalyse funding to critical sectors of the economy such as agriculture and manufacturing. The CBN Deputy Governor, Corporate Services, Mr Edward Adamu, said...

Insurance Firms’ Total Assets Now N1.3trn   THE total asset of 58 insurance companies as at 2018 stands at N1.3trn, Acting Commissioner, National Insurance Commission (NAICOM), Mr Olorundare Sunday Thomas has said. This is coming after some years of non-availability of the true financial position of the...