CBN Loans N9.3trn To Businesses   The Central Bank of Nigeria has lent N9.3trn to businesses, recovering N3.7tn from it. The apex bank said N5tn was not yet due. Director of Development Finance, CBN, Dr Yusuf Yila, disclosed this to journalists on Wednesday...

House Moves Against Non-payment Of Salaries, Pensions   The House of Representatives, on Tuesday, passed for second reading, a bill seeking to prohibit late and non-payment of workers and pensioners by employers. When it becomes law, employees will be entitled to...

Blackout In Abuja, Others As National Grid Collapses Again   Nigeria’s electricity grid has collapsed yet again, distribution companies announced Monday. The collapse occurred late Monday morning, they said. It is the seventh time the grid would collapse this year, causing blackout...

New Capital Market Law Will Enhance Global Competitiveness - SEC   The Securities and Exchange Commission (SEC) has said that the passage of the Investments snd Securities Bill 2022 would aid the functioning of the capital market as well as facilitate...

Rate Hikes Shrinking Real Estate Investments, Says IMF   Tighter financial conditions, such as interest rate hikes have affected commercial property prices by making it more expensive for investors to finance new deals or refinance existing loans, a new report by...

Aviation Sector Leads With N117bn Contribution To GDP In H1, 2022 - NBS   The aviation sector has contributed more to the Nigerian economy in the first half of 2022 with at least N117.3 billion, said the National Bureau of Statistics...