CBN Increases Currency In Circulation By N418bn
The Currency in Circulation rose by N418bn from N2.91tn in December, 2020, to N3.33tn in December, 2021, according to figures obtained from the Central Bank of Nigeria.
The CBN data showed that currency in...
'Local Insurers Lose $60m Yearly To Foreign Vessels'
An Executive Partner, Alfam Insurance Plc, Gbolaham Adu, has said indigenous insurance companies lose about $60m of potential annual revenue to their foreign counterparts.
According to him, this is because foreign-owned tankers lifting...
NIRSAL Facilitates N146bn Agro-business Through Banks, Others
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) on Tuesday announced that it had facilitated the flow of over N146bn into Nigeria’s agro-processing industry to date from various sources.
It outlined the...
CBN Seeks Increased Private Sector Investment In Dairy Production
The Central of Bank of Nigeria (CBN) is seeking increased private sector participation in dairy to position the industry for growth.
A representative of the apex bank, Garba Aminu, spoke during the...
FG Loosing Money, Jobs Over Raw Ore Export - Adegbite
The Minister of Mines and Steel Development, Olamilekan Adegbite, says the Federal Government is losing money and jobs by exporting Raw Ore, instead of refining it in the country.
He said...
Subsidy May Hit N5trn As Oil Hits $140
Oil price yesterday hit S140 per barrel as the Russia-Ukraine war continues.
The spike followed the announcement early yesterday by the United States’ President, Joe Biden, of a ban on Russian energy imports,...
