12, 915 The number of ghost workers discovered on the payrolls of 23 local governments in Sokoto N218.7 million The amount recovered on behalf of companies and residents of the state in the first half of 2016 by the Lagos State Citizens Mediation Centre. N213 billion The amount lost to ghost workers in Kogi State... Read More

billion, data, figures, ghost service, Ghost workers, inflation, Kogi State, naira, numbers

June 12, 2016

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Monthly allocation: Lagos received N178bn while Ekiti got N50bn in one year (Full List)

In the last one year, the thirty-six states and 774 local government councils in Nigeria shared N2.8 trillion from the federation account. The two tiers of government received the payment between June 2015 and May 2016 at the monthly meeting of the Federation Account Allocation Committee (FAAC). Lagos state received a total of N178 billion,... Read More

Featured, The News Blog

Allocation, billion, FACC, FG, LGA, money, population, states

June 6, 2016

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This is what Nigeria loses daily to Niger Delta Avengers’ bombing of oil pipelines

Oil companies in the Niger Delta are losing a total of 140,000 barrels of crude daily – translating to a loss of $6.72m (about N1.3 billion)- due to the continued attack on oil installation by Niger Delta Avengers, The Nation reports. Nigerian Agip Oil Company (NAOC) says that it has cut its oil production down... Read More

The News Blog

billion, bombing, daily, loses, NDA, oil companies

March 12, 2016

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Nigeria’s security agencies shared N16.5bn for ‘2015 elections logistics’

In continuation of the anti-corruption crusade of President Muhammadu Buhari’s administration, anti-graft investigators have discovered that N16.5 billion was allegedly released to the Nigeria Police, Nigerian Air Force, Nigerian Army and Office of the National Security Adviser (ONSA) for “logistics requirement for 2015 elections.” The discovery was made in the course of investigations into the... Read More

The News Blog

2015 election. ONSA, 2015 elections, billion, logistic, Secuirity forces, security

January 2, 2014

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Okey Ndibe: Nigerians yawn over ‘Sanusi’s missing billions’

by Okey Ndibe At any rate, whatever were his designs, Mr. Sanusi failed woefully. He found out, in the most humiliating way, that Nigerians don’t even wake up for $12 billion. And when, according to the General Overseer of the Ministry of Finance, the missing or “unreconciled” funds amount to a mere $10.8 billion, forget... Read More

billion, funds, missing, nigeria, nnpc, Okey Ndibe, opinion, Sanusi Lamido Sanusi, yawn, ynaija

November 15, 2013

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Why Pastor Adeboye suspended work on RCCG’s ‘N20 billion 3-Kilometre auditorium’

by Chi Ibe The billion-naira auditorium is back in the news again. Nigeria’s most revered pentecostal preacher, Enoch Adejare Adeboye had announced at e 61st Annual Convention of the Redeemed Christian Church of God (RCCG) plans to build a new auditorium. As published by YNaija at the time, the auditorium was to stretch 3km in... Read More

3 kilometre auditorium, adeboye, Agufoye Village, Alhaja Ramota Akinlabi, auditorium, Baale, billion, ministry, N20 billion, Ogun State, Pastor Adeboye, Pastor Adeboye suspends 3 million seater auditorium, project, rccg, suspended, Work

November 15, 2013

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N11.5billion only! Guess who now has ‘the most expensive jet in Nigeria’ [Clue: It’s a former governor]

by Chi Ibe The good guys at soft-sell, Encomium Weekly, appear to have done the maths – and they have now declared the Nigerian with the most expensive private jet in the country as we speak. Drum-roll for … former Borno Governor, Ali Modu Sherriff! According to a report by Encomium magazine, former Borno State... Read More

11.5billion, Airline, billion, billion naira jet, expensive, former Governor, former governors brand new jet, former governors new jet, Gulfstream G650, jet, jet owned by a nigerian, most expensive jet, NCAA, nigeria, Nigerian Civil Aviation Authority, Skybird.

November 13, 2013

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Gone, baby, gone: External reserves declined by 6.1% last quarter – CBN

by Chi Ibe A report by the Central Bank of Nigeria (CBN) has noted that Nigeria’s external reserves declined by 6.1% with trade balance reducing to 8.9 in the last quarter (Q3). Comparing results of Q3 in with the levels recorded in Q1, 2013 and Q2, 2012, the bank however said the external account remains... Read More

billion, CBN, central bank, External reserves, quarter, trade

September 25, 2013

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#InCaseYouMissedIt: BlackBerry agrees to be acquired for $4.7billion

Fairfax Financial Holdings has agreed to acquire BlackBerry in a deal worth $4.7 billion, both companies announced Monday.The Toronto-based financial holdings conglomerate has agreed to pay $9 per share for the beleaguered mobile company — a premium of about 9%. Shares of BlackBerry were trading at $8.23 per share before a freeze was initiated. It’s not a... Read More

acquired, agrees, billion, Blackberry, Fairfax Financial Holdings

March 4, 2013

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N384 billion payout: 4 PHCN staff killed, 12 kidnapped, several injured – Labour

Organised labour in the nation’s power sector weekend in Abuja, raised alarm that no fewer than four workers of the Power Holding Company of Nigeria, PHCN, have been killed while 12 others have been kidnapped, with several others injured in less than two weeks after the Federal Government announced the release and payment of N384billion... Read More

billion, killed, PHCN, Staff

January 30, 2013

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#InCaseYouMissedIt: Nigeria spending N7 billion on intervention in Mali – President Jonathan

President Goodluck Jonathan hinted on Tuesday that Nigeria has committed $34 million (about N7 billion) on the immediate deployment of troops and logistics support to stop the activities of Islamic terrorists in Mali and return the country to order. He said he has also made additional $5million pledge to further help that country, even as Nigeria has... Read More

billion, jamboree, jonathan, mali, nigeria, president

October 4, 2012

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TICKER: Wow! Facebook hits 1billion users

You know what’s cooler than a million users? A billion users. And now Facebook has just that. Yep, the social network birthed in a Harvard dorm grew in eight short years to a membership that it says accounts for nearly one seventh of the world’s population. Not fake users or bots — which Facebook tracks... Read More

billion, facebook, zuckerberg

September 18, 2012

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TICKER: Money Mill: Dangote Flour posts N2.61bn profit

Dangote Flour Mills has recorded a gross profit of N2.61 billion for the first quarter ended March 31, 2012. The foremost flour miller earned revenue of N13.80 billion in the same period. The company in a statement weekend said the management would continue to work hard so as to deliver improved returns to shareholders in... Read More

billion, Dangote, flour, mill

213bn,12,915… | The 5 numbers that mattered this week

Monthly allocation: Lagos received N178bn while Ekiti got N50bn in one year (Full List)

This is what Nigeria loses daily to Niger Delta Avengers’ bombing of oil pipelines

Nigeria’s security agencies shared N16.5bn for ‘2015 elections logistics’

Okey Ndibe: Nigerians yawn over ‘Sanusi’s missing billions’

Why Pastor Adeboye suspended work on RCCG’s ‘N20 billion 3-Kilometre auditorium’

N11.5billion only! Guess who now has ‘the most expensive jet in Nigeria’ [Clue: It’s a former governor]

Gone, baby, gone: External reserves declined by 6.1% last quarter – CBN

#InCaseYouMissedIt: BlackBerry agrees to be acquired for $4.7billion

N384 billion payout: 4 PHCN staff killed, 12 kidnapped, several injured – Labour

#InCaseYouMissedIt: Nigeria spending N7 billion on intervention in Mali – President Jonathan

TICKER: Wow! Facebook hits 1billion users

TICKER: Money Mill: Dangote Flour posts N2.61bn profit

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