Tag Archives: 2017

  The Bank of Industry (BoI) said, on Thursday, said that it had disbursed over N20.5 billion in 2017 to 346 enterprises owned by women. The Managing Director of BoI, Kayode Pitan, made the disclosure at the bank’s celebration of the 2018 International Women’s Day in Lagos. The International Women’s Day is celebrated on March 8 annually to recognise the ...

The Nigerian National Petroleum Corporation, (NNPC), on Tuesday, said it remitted N857.36 billion to the federation account in 2017. The NNPC, in a statement on its Monthly Financial and Operations Report for December 2017, also disclosed that it remitted N19 billion to the Federal Government for debt repayment, while N644.05 billion was used to finance its Joint Venture operations. The ...

Nigeria recorded a princely 12.2 billion dollars capital inflow in 2017, according to the National Bureau of Statistics (NBS). The NBS made the disclosure in its “Nigeria Capital Importation for Fourth Quarter and Full Year 2017 Report” posted on its website. According to the report, the inflow represents an increase of 7,104.4 million dollars or 138.7 per cent, compared with ...

The Nigeria Extractive Industries Transparency Initiative (NEITI), on Tuesday, in Abuja, said the Federation Account Allocation Committee (FAAC) disbursements increased by 25 per cent in 2017. NEITI Director Communications and Advocacy, Orji Orji, said this in a statement. Orji said FAAC disbursed a total sum of N6.418 trillion in 2017 showing an increase of 25.8 per cent and 6.8 per ...

The Niger State Government generated N5.5 billion internal revenue in 2017, Jibrin Habibu, chairman of its board of internal revenue, said, on Wednesday, in Minna. Habibu, who made the disclosure, while defending the board’s 2018 budget at the House of Assembly, said that the figure was far below its target of N9.5 billion. “We could not meet last year’s target. ...

President Muhammadu Buhari has disclosed that Nigeria’s economy witnessed remarkable changes in 2017, including exiting the worst recession in decades and gradual stabilisation of the naira. Assessing his performance, the President said despite global economic challenges and initial outlook of slow, or unlikely recovery, ‎his administration recorded some key achievements. ‎ He said: “In our review of the economy based ...