Shell pays $31b to Fed Govt, NDDC

Shell Petroleum Development Company (SPDC) has remitted $29.8 billion to the Federation Account and another $1.2 billion to the Niger Delta Development Commission (NDDC),...

DMO pledges support to bridge revenue, expenditure gap

Director-General of the Nigeria's Debt Management Office, Ms. Patience Oniha, says the agency will support the Federal Government to bridge the gap between country’s...

DMBs to support SMEs with ₦26 billion

Deposit Money Banks (DMBs), yesterday announced the setting up of a projects review committee to oversee the disbursement of ₦26 billion equity funds for...

CBN issues 150 licences to new Bureaux De Change

In line with its effort to sustain the interventions in the foreign exchange market of the nation’s inter-bank market, the Central Bank of Nigeria...

TSA: FEC approves $3 billion bonds to refinance loans

The Federal Executive Council (FEC) presided over by Acting President, Yemi Osinbajo, has approved plans to issue $3 billion (about ₦900 billion) worth of...

Saraki returned all his pensions, says Kwara State govt

The Kwara state government has stated that Senate president and two term governor of the state has returned all the pensions he got from...

₦11 trillion squandered under Obasanjo, Yar’Adua, Jonathan: report

At least ₦11 trillion meant for the provision of adequate electricity for Nigerians was squandered under ex-presidents Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck...

FG withdraws TSA suit filed against banks,

The Nigerian Federal Government on Tuesday applied to pullback case it instituted against seven commercial banks in the country, which were accused of violating...

Niger confirms missing pension fund

Niger State government on Tuesday confirmed that a pension fund totaling ₦5.77 billion is missing. The money is 7.5 per cent employer/employee Contributory Pension...

Customs intercept ₦1.374 billion cars in Lagos

In a single haul in Lagos, the Nigeria Customs Service has made a seizure of high profile vehicles valued at ₦1.374 billion.The Comptroller General...

CBN grows FX market with $195 million

Nigeria's apex Bank; Central Bank of Nigeria (CBN) yesterday further energised the foreign exchange market with additional $195 million for the three segments.In the...

SPDC pledges $10m take-off fund to Ogoni clean-up

Shell Petroleum Development Company of Nigeria (SPDC) has said that it was providing the sum of $10 million as take-off fund and contribution towards...