FG To Re-Launch National Fleet

The Federal Government announced that it would be re-launching the national fleet as it will end the capital flight as well as reduce expenses from lifting the country's crude oil export.

N20bn Spent From The Ministry’s Intervention Fund – Outgoing Minister

Alhaji Abubakar Bwari, the immediate past Minister of State, Mines and Steel Development, disclosed that about N20 billion was spent from the N30 billion mining Intervention Fund given to the ministry by the Federal Executive Council (FEC) in November 2016.

Banks To Deploy Legal Powers For Debt Recovery

Following a major decline of loan recovery in the first quarter of 2019, banks have commenced new processes to secure legal powers with a view to strengthening the loan recovery.

The Nigeria Bureau of Statistics on Friday said a total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019. The NBS made the disclosure in a report on Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength data posted on its website.

Defaulting Oil Blocks Gets FG Revocation

The Department of Petroleum Resources, in a public notice on Thursday, revealed that it has revoked the licenses of five oil firms as a result of legacy debts owed the federation. Vigil360 gathered that among the firm is one owned by the late Chief Moshood Abiola.

Nestle Commences Sub-Saharan Africa Innovation in Nigeria

Following the launch of Nestle's Sub-Saharan Africa Innovation Challenge in Ghana, the Research and Development (R&D) Innovation Challenge of the company has flagged off same in Lagos, Nigeria.

Airtel, GLO, 9mobile To List On NSE - NCC

Following the successful listing of  MTN on the Nigerian Stock Exchange (NSE), the Nigerian Communications Commission (NCC) has announced that telecommunications providers such as Airtel, GLO, and 9mobile would soon be listed on the Nigerian Stock Exchange (NSE). The assertion was made by Sunday Dare, Executive Commissioner, Stakeholders Management in NCC.

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