CBN Generates N532.5bn From Treasury Bills Sales
The Central Bank of Nigeria (CBN) conducted three rounds of Nigerian Treasury Bills (NTBs) auctions worth N532.5 billion in September, analysis of the primary market auction sheets showed.
The breakdown showed offer of N203.2...
How Increased Exports Will Strengthen Naira – NEPC Boss
The Executive Director of the Nigerian Export Promotion Council (NEPC) Dr Ezra Yakusak, said increased exports would stop the free fall of the naira against the dollar and also improve the...
11 Banks’ Non-performing Loans Hit N1.67trn
Following write-offs, restructuring of facilities, Global Standing Instruction (GSI) and credit risk management as a result of economic challenges, a total of 11 banks recorded N1.67 trillion non-performing loans (NPL) during the first half...
In Three Years, FG Increased Price of Meters By 145%
The federal government, through the Nigerian Electricity Regulatory Commission (NERC), increased the price of single-phase and three-phase pre-paid twice between 2021 and 2023 jerking up their prices by 83 per...
Rates Unification: Govt, Banks Rake in N2.2trn
Governments, at the federal, state, and local levels, and banks, gained about N2.21trn following the exchange rates unification policy of the Central Bank of Nigeria (CBN).
The Federation earned N834.36bn as exchange difference revenue...
Stock Investors Lose N516bn in One Week
Investors on the Nigerian Exchange Limited(NGX)lost N516bn in one week of trading as the volume of trade tumbled by 65.76 per cent.
With the exchange opened for only four days of trading in the...
