Credit to Private Sector Hits N3.01trn In Five Months
With the Central Bank of Nigeria (CBN) retaining 65 per cent minimum Loan-to-Deposit Ratio (LDR), among other policies to boost lending, credit to private sector between January and May 2022 added...
Importation Of Raw Sugar Gulps N410.6bn In 12 Months
Raw sugar to the tune of N410.6 billion was imported to Nigeria in one calendar cycle from the second quarter of 2021 to the first quarter of 2022, reports by the...
FG’s Borrowing From Local Investors Rises By 21% In H1, 2022
The Federal Government borrowed N4.2 trillion from local investors in the first half of the year (H1’22), representing 21 per cent, year-on-year YoY, increase from N3.89 trillion borrowed in...
DisCos’ Payment To GenCos Drops By 50%
Electricity distribution companies (DisCos) payment to generation companies (GenCos) for electricity generation has dropped by 50 per cent.
The statistics showed that DisCos were unable to pay GenCos full payment for the quantity of...
MTN Alleges N22bn Fraud On Mobile Money Banking In One Month
MTN Communications Limited’s newly licensed Mobile Money Payment Service Bank Limited (MOMO PSB) has alleged a fraudulent loss of N22 billion in one month of operations.
In a suit instituted...
World Bank Says Fuel shortage, Inflation’ll Weaken Nigeria’s Economic Growth
The World Bank has said that fuel shortage and rising inflation will likely restrain economic growth in Nigeria.
It said this in the June 2022 edition of its Global Economic Prospects...
