25 C
Abuja
Sunday, July 21, 2019

FAAC Shares N637bn for August 2017

There was a significant increase in revenue for the month of August 2017, as a total of N637.704 billion has been distributed as Federal...
Godwin Emefiele CBN Governor

CBN Restricts FX purchases for imports of 41 items

* Governor says jobs, poverty reduction the goals (Adds central bank governor comments)  Nigeria's central bank has curbed access to the interbank currency market for...

About N995bn Lost Yeary To Crude Oil Theft

About N995bn Lost Yeary To Crude Oil Theft   further accretion through oil exports was weak given that oil price at US$62.3/bbl had moderated 16.6 per...

Buhari Explains Removal Of VAT From Domestic Air Fares

Buhari Explains Removal Of VAT From Domestic Air Fares   President Muhammadu Buhari says the recent decision by the Federal Government to remove Value Added Tax...

Stocks Exchanges Collaborate For Growth, Extend Losses

Stocks Exchanges Collaborate For Growth, Extend Losses   The nation’s stock market extended its decline on Monday as 25 companies, led by Ikeja Hotel Plc, recorded...

Skye Bank Get new CEO Designate

The Board of Directors of Skye Bank Plc has appointed the Deputy Managing Director of the bank, Kehinde Durosinmi-Etti, as the Group Managing Director...

How State House Clinic Got N1.9bn In 3 years

Mr Jalal Arabi, the Permanent Secretary, State House, has refuted media report suggesting that the State House Medical Centre (SHMC), had received N11.01billion as...
barrel

In 3months Nigeria Loses N72bn To Gas Flaring

In 3months Nigeria Loses N72bn To Gas Flaring Oil and gas companies operating in the country flared a total of 85.81 billion standard cubic feet...
NBS National Bureau of Statistics

Nigeria Produces 55.85m Tons Of Solid Minerals, NBS Says

Nigeria Produces 55.85m Tons Of Solid Minerals, NBS Says Nigeria produced a total of 55.85m tonnes of solid minerals in the 2018 fiscal year, data...
dollars

In 2 Weeks, Foreign Reserves Gain $53.641m

In 2 Weeks, Foreign Reserves Gain $53.641m The nation’s foreign reserves rose by $53.641m from $45.046bn on July 1 to $45.099bn as of July 15,...

Recession: Banks paid $321 bn in fines

Banks across the world have paid about 321 billion dollars in fines since the 2007-2008 financial crisis as regulators stepped up scrutiny, according to...

CBN To Lower Banking Costs

Part of the objectives of the revised version of the Nigeria Payment System (NPS) Vision 2020 Strategy launched by the Central Bank of Nigeria...

 FG To Borrow Additional $700m From Multilateral Agencies Says DMO

FG To Borrow Additional $700m From Multilateral Agencies Says DMO The Debt Management Office (DMO) has revealed that the outstanding amount of $700 million in...

NNPC: FG Owes Us N170.6bn Subsidy Payments

NNPC: FG Owes Us N170.6bn Subsidy Payments The Nigerian National Petroleum Corporation (NNPC) said on Monday that it was being owed N170.6 billion paid to...
Naira Dollar

Naira Hits N460 to Dollar in Blackmarket

Nigeria's naira hit its weakest level on the black market in more than a week at 460 to the dollar on Wednesday, as a...

FG, IOCs Lose N684bn To Oil Pipeline Shutdown

FG, IOCs Lose N684bn To Oil Pipeline Shutdown Eight months after the shutdown of the Trans-Ramos Pipeline, the Federal Government, Shell, Total and Nigeria Agip...

Nigerian States’ Debts Increase To 4% Of GDP

Although the second quarter report of the National Bureau of Statistics showed that Nigeria had exited recession, several challenges remain at different levels of...

CBN Borrows N213bn Via Treasury Bills

The Central Bank of Nigeria borrowed N212.85bn ($654.92m) in an auction of Treasury bills on Wednesday, with yields little changed from previous sales, data...
cbn

Amid Gloomy Macro-economic Indices, Investors Lose N413bn

Amid Gloomy Macro-economic Indices, Investors Lose N413bn Determined to strengthen Nigeria’s economic diversity, Jaiz Bank Plc, is partnering with the Central bank of Nigeria (CBN),...
Godwin Emefiele CBN Governor

CBN Sells $2.188bn To Banks In Three Months

Stanbic IBTC, Zenith, First Bank, GTB lead As the Central Bank of Nigeria (CBN) continues with its demand management policy in foreign exchange (forex) allocation...