CBN Says Bank Lending to Oil Firms Rises to N7tn The Central Bank of Nigeria has disclosed that the combined bank lending to oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry was N6.62tn as of December 2022. While...

Compliance from Cooperate Governance to Boost Investors Confidence - NGX Chair The Chief Executive Officer of the Nigerian Exchange Limited, Temi Popoola, revealed that compliance with corporate governance will boost investors’ confidence in the country. Popoola said this on Thursday at the maiden annual Colloquium of...

Forex Inflow Falls by $3bn in Q4 – Report The Central Bank of Nigeria latest figure shows that net foreign exchange inflow into the economy fell by $2.6bn in the fourth quarter of 2022, The banking regulator disclosed this in its fourth-quarter economic report. It stated, “Net...

FAAC: FG, States Share N655bn in April The Federation Account Allocation Committee says it shared N655.93bn among the three tiers of government in April 2023. The figure represents a decrease of N58.7bn compared to the N714.63bn shared in March 2023. FAAC disclosed this in a communiqué issued...

Economists Urge FG to Implement Measures to Control Rising Inflation  Economists have called on President Muhammadu Buhari’s regime to implement complementary fiscal measures to boost the food supply and address the rising inflation in the country. They made the suggestions in separate interviews in Lagos while...

Buhari Commissions Kashimbila Multipurpose Dam, Targets 30GW Electricity by 2030 President Muhammadu Buhari on Thursday inaugurated the Kashimbila Multipurpose Dam, 40MW Hydropower Station and Associated 132KV Switchyard, Transmission Line and Distribution Substation (Phase I) Project, located at the Kashimbila Dam site in Taraba State. Speaking at...