Fed Govt Pays N405bn Interest On CBN Loans   The Federal Government paid an interest of N405.93bn from January 2022 to April 2022 on the loans it got from the Central Bank of Nigeria through the Ways and Means Advances. This is...

Bank Borrowing From CBN Increases By 27% To N4.5trn   Amid a rising liquidity crunch, banks operating in Nigeria borrowed a whopping sum of N4.5tn from the Central Bank of Nigeria in July, an increase of 27 per cent Month-on-Month from...

Kerosene Now Over N800 Per Litre   The price of kerosene used by several families have jumped to N800 per litre just as the market is beginning to adjust to the newly increased petrol and gas prices. Market survey by our team...

NAHCO Unveils Export Processing Facility Centre   The Nigerian Aviation Handling Company Plc has unveiled its export processing facility centre in Lagos. Speaking at the unveiling of the facility, the Chairman, NAHCO, Dr. Seinde Fadeni, said the facility in Lagos was the...

Despite Macroeconomic Challenges, Eight Banks Report N176.11bn Profit   Despite global and domestic macroeconomic challenges, eight Nigerian banks generated a whopping sum of N176.11billion as profit in the half-year ended June 30, 2022, an increase of 34.66 per cent over N130.78...

Naira Strengthens To N665/$ At Parallel Market   The naira yesterday sustained its momentum at the parallel market, appreciating to N665 per dollar a few days after security operatives raided the Bureaux De Change (BDC) hub in Abuja. The development represents N30...