#EndSARS Protest Disruption Costs Economy N1.5trn       The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP and 11.47 per cent of the 2021 budget, Financial Derivatives Company Limited has said. “This suggests that the economic recovery path...

Nigeria Loses N1.5trn Shipping Business To Foreigners     The Federal Government can realise over N1.5 trillion from over 10,000 vessels doing business, it was learnt. But investigation has revealed that the huge revenue was going into private pockets of foreign shipping firms operating at the seaports. A top...

MDAs Remitted N1.5trn Operating Surplus In 11 Years — FRC   A total of N1.551tn operating surplus of some revenue generating agencies of government was remitted to the Federal Government Consolidated Revenue Fund from 2007 to 2018. This was disclosed in the 2018 Annual Report of the...

Mutual Funds To Hit N1.5trn 2020 – SEC   The Securities and Exchange Commission has said that Collective Investment Scheme in the nation’s capital market may hit over N1.5tn before the end of this year. The CIS, also known as mutual funds, is an arranged pool of...

FG Slashes Budget By N1.5trn, Reduces Benchmark To $30   The Federal Government on Wednesday announced a slash in the 2020 budget by N1.5tn as part of measures to respond to the impact of coronavirus on the economy. Included in the N1.5tn is over N457bn the government...

How Buhari Regime Depleted ECA By N1.5trn - Report     Between 2015 and 2019, the Federal Government withdrew N1.5tn (about $4.92bn) from the Excess Crude Account (ECA), statistics obtained from the Ministry of Finance have revealed. The ECA, which was created by former President Olusegun Obasanjo in...