Financial

IMF-induced Policies Will Repress Nigeria’s Currency, Labour Warns     Submitting to the International Monetary Fund, IMF-induced policies would further distort and repress Nigeria’s currency, organised labour...

CBN Disburses N152.9bn For 61 Manufacturing Projects     The Central Bank of Nigeria has disbursed N152.9bn for 61 manufacturing projects under parts of its intervention funds. The...

Reps Summon NNPC, NAPIMS, Others Over $16.5m Debt     The Nigeria National Petroleum Corporation (NNPC) and multi-national oil company, Agip, yesterday failed to appear before the...

NIRSAL Facilitates N105bn Financing To Boost Agric Sector     The Managing Director/Chief Executive, Nigeria Incentive-Based Risk Sharing System Plc (NIRSAL) Mr. Aliyu Abdulhameed, has said the...

In 16 Years, Nigeria Contributed $1.17bn To ECOWAS      Nigeria has paid more than 1,177 billion dollars to the Economic Community of West African States (ECOWAS)...

FEC Okays N8.6bn To Begin Siemens Power Project     The Federal Executive Council (FEC) has endorsed the President’s approval to release €15.21 million (N6.94 billion) offshore...

House Summons Emefiele, PenCom Boss, Others Over N300bn Funds     The House of Representatives has summoned Governor of Central Bank of Nigeria, Godwin Emefiele; Director-General, National...

We Saved N21bn Through IPPIS, Says Fed Govt     The Federal Government on Tuesday announced that it saved N21bn by implementing the Integrated Personnel Payroll Information...

Lawmakers Raise Alarm Over Chinese Loans     The House of Representatives has raised the alarm over loan agreements being entered into by the Federal Government with...

Switzerland, Netherlands To Repatriate $200m Malabu Deal Cash – Malami     Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami Nigeria is awaiting the...

Fed Govt Pays N9.2bn Premium To 13 Insurance Firms   The Minister of Labour and Employment, Dr Chris Ngige, says the Federal Government has paid N9.2bn...

AfDB Okays $27m To Boost AU’s COVID-19 Response Initiative     The African Development Bank (AfDB), has approved about $27.4 million in grants to boost the African...

CRR: CBN Holds N900bn Customers’ Deposits With Banks     The Central Bank of Nigeria (CBN) has been holding on to N900 billion of lenders’ deposits as...

Gold Mining Initiative To Earn Nigeria N261.9bn Annually - Adegbite     The Minister of Mines and Steel Development, Arc. Olamilekan Adegbite, has said the Presidential Artisanal...

FG Pays N15.8bn Insurance Cover For Health Workers     The Federal Government has paid N15.8 billion to insurance cover for hazard and inducement allowances, for doctors...

N651.77bn Generated From VAT In Six Months – NBS     A total of N651.77bn was generated from Value Added Tax in the first half of 2020,...

I remitted N329bn Into NNPC Accounts, Says Magu     The suspended acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, says he remitted N329bn...

Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists     Three neighbouring countries bought a total amount of electricity worth $81.48bn from Nigeria in the...

N6.4trn ERGP Expenditure Fails To Meet Set Targets     AS the federal government gets set to replace the Economic Recovery and Growth Plan (ERGP) with a...

Fed Govt Spent N292.38bn On Pension, Gratuities In 2019 – CBN     The Federal Government spent a total of N292.38bn on pension and gratuities of its...