Financial

Nigeria Loses N151.78bn Crude Oil Monthly – NNPC       Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum...

Afrexim Bank Okays $2bn For COVID-19 Vaccines For Nigeria, Others       The Board of Directors of the African Export-Import Bank (Afrexim) has approved $2 billion to...

11 DisCos Failed To Remit N160.1bn In Q2, 2020       The Nigerian Electricity Regulatory Commission (NERC) said the 11 electricity Distribution Companies (DisCos) failed to remit...

Senate Gives Accountant-General 24 Hours To Clarify N528bn In NNPC Financials       The Senate on Tuesday gave the Office of the Accountant General of the Federation...

CBN, SEC Anchor Cryptocurrency Ban On Financial System Protection     The Central Bank Governor, Mr Godwin Emefiele, on Tuesday said the bank’s decision to prohibit deposit money...

Cooking Gas, Kerosene Prices Drop In January – NBS       The average price paid by Nigerians for kerosene and cooking gas dropped in January 2021. Separate reports...

$2.6bn Pipeline Project: Reps Grill NNPC, Contractors       The House of Representatives has begun investigation of alleged breach of Nigeria’s laws on local content in the...

Senate Begins Probe Of Missing PHCN N27bn Pension Funds     The Senate on Monday opened investigation into the alleged ‘missing’ N27bn meant for the payment of...

2020 Capital Budget: NASS Expresses Worry Over Implementation       The leadership of the National Assembly (NASS) on Monday expressed concern over the low implementation of the...

Reps Tackle Finance Minister Over Access To Budget Funds     The House of Representatives have tackled the Minister of Finance, Budget and National Planning, Mrs Zainab...

Alleged N69.4bn Debt: Court Vacates Order Against Jimoh Ibrahim’s Assets       The Federal High Court, Abuja, on Monday, set aside the interim order through which the...

FG Lists N1.8bn February Savings Bonds     The Federal Government at the weekend listed two new tranches of its Federal Government of Nigeria Savings Bond (FGNSB)...

CBN To Inject N118bn Into DisCos       The Central Bank of Nigeria (CBN) will be disbursing N118 billion for power distribution projects across the six geopolitical...

Insurance Sector Contracted By 12.05% In Q4, 2020 – NBS       The insurance sector contracted by 12.05 per cent in the fourth quarter of 2020, latest...

Unclaimed Dividend: Shareholders Sue FG Over Plan To Borrow N158bn       Aggrieved by the plan of the Federal Government (FG) to borrow the over N158 billion...

Insurance Sector’s Assets Hit N1.82trn On Recapitalisation Deadline       The Insurance sector’s assets rose by N410bn in one year as the industry attracted new investors. Despite the...

Nigeria Has $5.83bn Undisbursed Foreign Loans, Says DMO       Nigeria has more than $5.83bn foreign loans that have been approved but not yet disbursed, the Debt...

FG Plans N493.4bn Revenue From National Assets’ Sale       The Federal Government plans to earn a total of N493.4bn from the sale or concession of about...

FG To Convert N10trn CBN Financing To 30-year Debt     The Federal Government has set the terms for the conversion of its stock of Central Bank...

AfDB Receives $668.1m As Concessional Loans From Japan       The Japan International Cooperation Agency and the African Development Fund, the concessional arm of the African Development...