Farmers Get N6.5bn cover from NIRSAL The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending(NIRSAL) has provided insurance cover worth N6.5bn to protect farmers in the country. The Managing Director/ Chief Executive Officer, NIRSAL, Mr Aliyu Abdulhameed, disclosed this in a...

In 5 weeks, Foreign reserves drop by $1.64bn The country’s foreign exchange reserves continued its downward trend as it dropped by $1.64bn from $38.34bn on January 15, 2020 to $36.69bn on February 20, latest figures from the Central Bank of...

NDIC Liquidates 427 Financial Institutions The Nigeria Deposit Insurance Corporation, (NDIC), said it has successfully done away with 427 financial institutions since its establishment. The Financial institutions include 51 Deposit Money Banks (DMBs), 325 Microfinance Banks (MFBs), and 51 Primary Mortgage...

CBN Clarifies Operation of Domiciliary Accounts The Central Bank of Nigeria (CBN) has formally clarified issues surrounding the operations of domiciliary accounts in Nigeria. Making the clarification in a chat with newsmen in Abuja , the Bank's Director, Corporate Communications Department,...

February 2020 FGN Bond Auction Oversubscribed  The February 2020 FGN Bond Auction by Debt Management Office (DMO) which took place on Wednesday, February 19, 2020, was significantly oversubscribed. The DMO offered N140.00 Billion across three (3) Instruments to investors at the...

FAAC: FG, States, LGs share N647.353bn for January, 2020. The Federation Accounts Allocation Committee (FAAC) in Lagos at its meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Dr. Mahmoud Isa-Dutse, shared to the Federal...