Rahma Oladosu

Consumer Credit Rises By 40% To N2.1trn — CBN

Consumer Credit Rises By 40% To N2.1trn — CBN   The Central Bank of Nigeria (CBN) said that consumer credit rose 40 per cent, year-on-year, YoY, to N2.1 trillion in November last year from N1.5 trillion in November 2020, driven by...

Increasing Fuel Subsidy Puts Nigerian Economy At High Risk – World Bank

Increasing Fuel Subsidy Puts Nigerian Economy At High Risk – World Bank   The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns. The...

51 Firms Push Stock Market Gain By N500bn

51 Firms Push Stock Market Gain By N500bn   Investors gained N500bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market opened for four trading days last week as the Federal Government of Nigeria...

10 Banks Get N7.02trn Fine Over CRR Violation

10 Banks Get N7.02trn Fine Over CRR Violation   The Central Bank of Nigeria (CBN) in 2021 debited 10 banks a whooping N7.02 trillion over failure to meet the 27.5 per cent Cash Reserve Requirement (CRR) threshold. According to audited financial statements...

Fight Against Substandard Goods Hindered By Corruption – SON

Fight Against Substandard Goods Hindered By Corruption – SON   The Director General of the Standards Organisation of Nigeria (SON), Mallam Farouk Salim has said corruption remains the bane in the agency’s fight against substandard goods in the country. The DG also...

17 Years After, FG Seeks Investors For Abandoned Brass LNG Project

17 Years After, FG Seeks Investors For Abandoned Brass LNG Project   The federal government is shopping for new investors to revive the stalled Brass Liquified Natural Gas (BLNG) project, just as the Minister of State Petroleum Resources, Chief Timipre Sylva,...
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