In Eight Months, Foreign Portfolio Deficit Falls To N1.4bn   Nigeria’s foreign portfolio deficit, which is the gap between outflows and inflows, narrowed considerably by 91.02 per cent (N14.50 billion) to N1.43 billion between January and August 2022, report on the...

PFAs Invest N52.87bn In Climate Change Adaptation Projects   Pension Fund Administrators (PFAs) have invested N52.87 billion in Green Bonds, which are focused on climate change- related projects. Green Bonds are types of debts issued by public or private institutions to fund...

CBN Recorded N8bn Transaction On eNaira Platform In One Year   The Governor, Central Bank of Nigeria, Godwin Emefiele, said the digital currency, eNaira, has recorded N8bn transactions in its one year of introduction. He disclosed this while delivering his speech at...

Finally, FG Admits Spending Hugely On Fuel Subsidy   The Federal Government, on Tuesday, said that it had spent so much in subsidising the Premium Motor Spirit, popularly petrol. It was earlier reported that the administration of President Muhammadu Buhari could spend...

Banks’ Expenditure On Communications, IT Rises To N82bn   Ten commercial banks spent N81.92bn on communications as well as Information Technology services in the first half of 2022. According to the financial reports of the banks, this was a 58.69 per cent...

Report Reveals Nigeria Spent N75bn On Hazardous Imports   A non-governmental organisation, Sustainable Research and Action for Environmental Development (SRADev) has said that between 2020 to 2021, Nigeria spent N75bn on the importation of highly hazardous pesticides. The Executive Director, SRADev, Dr...