Financial

How FEC, Presidency Approved N7bn Agric Building, Fresh Documents Reveal Following the query issued to a former Permanent Secretary in the Federal Ministry of Agriculture...

Discos Lose N366bn To Tariff Hike Postponement   The postponement of the electricity tariff hike shift from April to June is estimated to have cost the...

Economy Contracted In May - CBN Report   Economic activities in manufacturing, production, new others and other indices contracted in May after recording at least 36...

Bonds Yields Dip, Naira Strengthens After Rate Cut   The Federal Government’s five-year bond yield dropped by more than 200 basis points on Friday, after the...

CBN Extends Accounts Submission Deadline For MfBs, Others     The Central Bank of Nigeria has extended the timeframe for the submission of the 2019 audited financial...

NPA Generates N180bn From Dredging, Equipment Management     The Nigerian Ports Authority (NPA) has made over N180 billion from dredging and equipment management over the last...

CBN Predicts Negative Economic Growth In Q2   The Central Bank of Nigeria has predicted negative Gross Domestic Product growth for the country in the second...

DMO Faults Reps, Says Lawmakers Approved $3.18bn Chinese Loans   The Debt Management Office has said all the loans collected by the Federal Government from China,...

CBN Suspends Intervention-loan Repayment For A Year     The Central Bank of Nigeria has said it is giving one-year moratorium on all principal repayments for COVID-19...

World Bank Approves $346m For Lake Chad Region Projects   The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in...

Average Fare Rose By 8.21% In April – NBS     In its Transport fare Watch report for April 2020 on Wednesday, the National Bureau of Statistics...

IMF Advises Banks To Suspend Dividend Payment     The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of shareholders’ dividends...

Foreign Direct Investment Declined To $214.25m In Q1 – NBS     Foreign Direct Investment into the country dropped to $214.25m in the first quarter of 2020...

Nigeria’s External Reserves Up By 7% In 21 Days     The continuous increase in Nigeria’s external reserves appears to have been sustained as it recorded a...

Banks’ Investments In Software Rise To N46.2bn     Ten Deposit Money Banks reported fresh investments valued at N46.2bn in software in the first three months of...

W/Bank’s Approval For Nigeria’s $1.5bn Cash Coming July     The World Bank will take final decision in late July on a $1.5 billion loan to support...

We’ll Ease Nigeria, Others’ Debt Burden - Chinese Minister   Chinese Foreign Minister, Wang Yi, has said China will work with other G20 members to implement...

Importers, Agents Berate NPA, NSC Over N150bn Charges   Importers and clearing agents at the seaports have raised the alarm over the plan by shipping firms...

COVID-19: CBN Okays N10bn For Healthcare Loans     The Central Bank of Nigeria (CBN) has approved N10 billion aggregate loan request by pharmaceuticals and other health...

FG Still Consulting On Revised Budget — Finance Minister   The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday met with the leaders...