Banks’ outstanding loans hit N13.8tr as deposit drops
A new report has shown that outstanding banking industry loans to the economy as at end of third quarter 2016 (Q3’16) escalated by N2.1 trillion to N13.8 trillion. The new figure indicates about 17.9 per cent rise against N11.7 trillion…
Pension assets rise to N5.9tn in September
At the end of September this year, the total assets under the Contributory Pension Scheme rose to N5.9tn. The Director-General, National Pension Commission, Mrs. Chinelo Anohu-Amazu, disclosed this during a seminar in Abuja. She said “Some of the major success…
MTN assesses Facebook’s Voyager
The MTN Group has said it is the first mobile operator in the world to use the open optical packet transport platform, known as Voyager, after joining the Telecom Infra Project (TIP) earlier this year. The group said “The TIP…
75% of cement production inputs imported—–NSE
The Nigerian Society of Engineers (NSE), has revealed that upon the massive presence of limestone, the key natural resource in the manufacturing of cement, the country still imports 75 per cent of its requirements for cement production. Dr Ebenezer Damisa,…
FG plots haulage of cargos by rail from ports to decongest roads
The Federal Ministry of Transportation, through the Nigerian Ports Authority (NPA) is now working on a new template that will lead to the linking of all ports with rail lines. Managing director of Nigerian Ports Authority (NPA), Hadiza Bala Usman…
Segmented PIB scales second reading at Senate
The Senate is closing in on making an elusive legislative in driving the possible passage of the intractable Petroleum Industry Bill (PIB) as it yesterday passed second reading in readiness to hit the Committee stage. But according to Senator Enyinnaya…
Fears as 700,000 fight for 500 FIRS jobs, says Chairman
The Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler has disclosed that his agency has received more than 700,000 applications from the recent job advertisement it placed in some national newspapers. Explaining the development before the House of Representatives’…
Dikko, former Customs CG, returns N1.04bn cash, more expected
Marrow-bound shocks took over the air in Abuja as the immediate past and runaway Comptroller-General of the Nigeria Customs Service (NCS), Alhaji Abdullahi Dikko, returned N1,040,000, 000 to the Federal Government. It would be recalled that Dikko had served as…
Jonathan’s wife may be convicted as Court jails directors of firms linked to her $15.5m
Barring any last minute political undercurrent, indications have emerged that former First lady; Mrs. Patience Jonathan may be in for a big trouble considering the conviction of four directors of four firms linked to the N15.5m money laundering suit instituted…
Tincan Customs impounds falsely declared 20 containers carrying vegetable oil
The Tincan Island Port in blocking all flashpoint for Revenue leakages, the Command recently intercepted 20 Containers of Vegetable Oil wrongly declared as Disodium Phosphate. Customs Area Controller, Comp. Bashar Umar while on a routine visit to the terminal said…
