AGS NEWS – The World Bank has revealed that the Nigerian government lost N13.2 trillion in revenue due to its foreign exchange subsidy policy from 2021 to 2023. This policy involved regulating the naira’s value in the official exchange market … Continue reading Nigeria loses N13tn to forex subsidy — World Bank
AGS NEWS – Nigeria may have lost about N148.8bn in oil revenue on Monday due to an industrial strike by the Organised Labour, protesting the Federal Government’s N60,000 minimum wage proposal. According to the Nigerian Upstream Petroleum Regulatory Commission, Nigeria … Continue reading Nigeria loses N149bn to one-day oil workers strike
AGS NEWS – Nigeria’s crude oil production experienced a continuous decline in February and March 2024, resulting in an estimated loss of about N720 billion in revenue. The country’s failure to meet its crude oil production benchmark set in the … Continue reading Nigeria loses N720bn due to reduced crude production in two months
I&M Bank Rwanda has suffered losses of $10.3m in less than three months due to fraudulent client withdrawals, prompting an investigation to try to recover the money. The loss exceeded the $7.6m net profit I&M Group made from the Rwandan … Continue reading I&M Bank in Rwanda affiliate $10.3 million loses due to fraudulent withdrawals
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