Banks’ Credit To Govt Rises By N11trn   Banks credit to the government rose by N11.75tn in one year, figures obtained from the Central Bank of Nigeria (CBN) have revealed. The CBN disclosed in its ‘Money and credit statistics’ report that the...

N24bn Recovered From Defaulting Employers - PenCom   The National Pension Commission (PenCom) says it has recovered N24.15bn non-remitted pension savings of employees from defaulting employers. It disclosed this in its fourth quarter report for 2022. The report stated that, “Following the issuance...

Fed Govt Releases N309bn Grant To Exporting Firms   The Federal Government has approved the disbursement of N308, 458, 160, 546.41 worth of promissory notes to 199 exporting companies. According to a statement signed by the Head, Corporate Communications, Nigerian Export Promotion...

FG Will Save N10trn On Fuel, FX Subsidies Removal - CPPE   Nigeria is going to save about N10tn annually by the elimination of subsidies on Premium Motor Spirit, popularly called petrol, and foreign exchange, a report released on Sunday by...

Oil Production May Drop Over Fresh Pipeline Explosions   Nigeria’s oil production output may fall this month over a fresh pipeline explosion, according to findings by our correspondent. A fresh explosion was said to have rocked a major export pipeline in the...

CBN Disburses N114bn Under 100-for-100 Policy   The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. This was disclosed in a communiqué issued by the CBN Governor,...