Monetary

Financial Stocks Account for 41.7% of Total Turnover The financial services industry dominated in volume terms at the end of last week’s transactions on the...

N178bn Bad Debt: Reps Dismisses Allegation Against NPA The House of Representatives has exonerated the Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko of...

N178bn Bad Debt: Reps Dismisses Allegation Against NPA The House of Representatives has exonerated the Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko of...

EU To Invest €37m In Nigeria’s Power Sector   The European Union (EU) is set to invest €37 million in the power sector in Nigeria, in...

N47bn Debt: CBN, Aso Villa, DHQ Face Disconnection   No fewer than 86 ministries, agencies and departments of government are owing the Abuja Electricity Distribution Company...

Edun, Cardoso Seek Increase In World Bank Support for Nigeria Mr. Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, has called...

Cedrus Group: CBN Reforms Will Yield Results In Q2 On Thursday, the Chief Executive Officer of Cedrus Group Africa, Olubusayo Adeniyi, stated that the reforms...

Rising Inflation Poses Risk To New Minimum Wage President Bola Tinubu has set up a committee to decide on the new minimum wage for Nigerian...

NRC Generates N287m From Cargo Haulage In Three Months – NBS   The Nigerian Railway Corporation (NRC) earned N286.78m from cargo transported by rail in the...

FG Spends Over N5trn To Cover Electricity Subsidy In 10 Years   The federal government’s effort to subsidise electricity tariff for Nigerians has seen it cough...

NNPCL To Pay Taxes, Royalties From $3.3bn Afrexim Loan   The Nigerian National Petroleum Company Limited (NNPCL) on Sunday, said it would prepay future royalties and...

CBN Reveals Foreign Medical, School Bills Gulped $1.58bn In Six Months   Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six...

 CBN Won't be Allowed to Print Money - Budget Minister Amidst revenue pressures facing the 2024 national budget, the Federal Government has indicated that it...

NASS Raises Works Ministry Budget To Over N1trn The National Assembly has raised budgetary allocation to the Ministry of Works from N657.3bn in the proposed...

'Tinubu’s Trips Gulped N3.4bn in Six Months'   President Bola Tinubu has spent not less than N3.4bn on local and foreign travel within six months of...

Military To Spend N5.8bn On Electricity Charges, Despite Payment Default   The three branches of armed forces have proposed to spend N5,817,782,952 in 2024 to pay...

EFCC To Splash Out N1bn on Local Travels, N413m on Vehicles The Economic and Financial Crimes Commission (EFCC) has planned to spend N1,055,633,61 billion on...

$2bn Debt: Airlines Get $62m As CBN Repays Banks The Central Bank of Nigeria (CBN) has paid $2bn to clear a part of its backlog...

Five States, FCT Attract $654.65m Foreign Investments   Five states and the Federal Capital Territory, Abuja, attracted a total of $655.4 million as capital importation in...

Nigeria's Capital Inflow Drops to $654.65m in Q3, Lowest in a Decade By Zekeri Idakwo Nigeria's capital importation has significantly dropped in the third quarter of...