AUGUST 17th 2017
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TSA: FG saves N56.4bn annually on bank charges – AGF
The Accountant General of the Federation, Alhaji Ahmed Idris, has said the implementation of the Single Treasury Account (TSA) is saving the Federal Government N4.7 billion monthly (N56.4bn annually) on bank charges on the funds.
Details In Daily Trust Newspaper Page 13 Also In Thisday Page 50 & Guardian Page 3
Naira appreciates to N359.7/$ as External reserve hits $31.35bn
The naira yesterday appreciated below N360 per dollar for the first time in the Investors and Exporters (I&E) window due to increased dollar supply.
Detail In Vanguard Newspaper Page 5
FG to diversify economy with $41bn railway investment
The Federal Government has started a $41bn railway expansion to reduce dependence on oil and diversify the economy, the Minister of Transportation, Mr. Rotimi Amaechi, has said.
Details In Punch Newspaper Page 24
Oil production cost drops by 71 per cent
The Nigerian National Petroleum Corporation on Wednesday said it had driven down the cost of crude oil production from $78 per barrel as of August 2015 to $23 per barrel, representing a 70.5 per cent fall.
Details In Punch Newspaper Page 23
Dozie: SMEs Greatest Contributor to Economic Development
The Chief Executive Officer of Diamond Bank Plc, Mr. Uzoma Dozie has stressed that small and medium scale enterprises (SMEs) remain the greatest contributor to economic development in any country.
Details In This Day Newspaper Page 40
Nigeria police, judges highest bribe-takers, says UN agency
• Alleges over N400b spent on bribes yearly
• It is not true, says NBA
From the United Nations Office on Drugs and Crime (UNODC) has come a revelation that about N400 billion is spent on bribes each year in Nigeria.This was contained in a report presented to the public yesterday at the stakeholders meeting to mark the end of the agency’s five-year project on corruption in the country.
Details In Guardian Newspaper Page 1
NNPC saves $3b yearly from production cost cut
The Nigerian National Petroleum Corporation (NNPC) yesterday announced that it has saved the nation a minimum of $3billion yearly from the reduction in the cost of crude oil production.
Details In Nation Newspaper Page 1&11
August 17, 2017