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Sunday, February 23, 2020

Foreign Excess Crude Account: How They Share $1 Billion in March 2012

The Economic Confidential magazine provides below the distribution of $1 billion from foreign excess crude saving account in March, 2012 to all the tiers...

In Two Days, Stock Market Investors Lose N170bn Over Poll Results

In Two Days, Stock Market Investors Lose N170bn Over Poll Results The nation’s stock market recorded sustained losses totalling N170bn in two days, following the...

FRC: Lagos, Osun, Cross River’s Debts Exceed Revenues By Over 480%

FRC: Lagos, Osun, Cross River’s Debts Exceed Revenues By Over 480%   The debt status of most states of the federation exceeds 50 per cent of...

GTBank Recommends N8.8bn Interim Dividend, Posts N109bn Profit

GTBank Recommends N8.8bn Interim Dividend, Posts N109bn Profit Guaranty Trust Bank Plc wednesday released its audited financial results for the half year(H1) ended June 30,...

In 12 Months, FG Generates N39bn From Passport Issuance, Others

In 12 Months, FG Generates N39bn From Passport Issuance, Others The Nigeria Immigration Services generated a total of N39.06bn through issuance of passports and other...

FG To Generate N311bn From Asset Sale, Privatisation

The Federal Government is aiming to generate of N311bn from privatisation of public properties and the sale of national assets next year to partly...

Oil & Gas: IBTC Records 249% Increase In Bad Loans

Oil & Gas: IBTC Records 249% Increase In Bad Loans   Stanbic IBTC Bank Plc, despite the sustained rise in crude oil prices over the last...

Nigeria Spends N643.6bn On Domestic Debt Servicing

Nigeria Spends N643.6bn On Domestic Debt Servicing The Federal Government spent N643.6 billion on servicing the nation’s domestic debt for January to March, the Debt...

Nigeria To Run Out Of Oil In 52 Years, Says DPR

Nigeria To Run Out Of Oil In 52 Years, Says DPR If new crude oil discoveries are not made to add to Nigeria’s current reserves...

Low Savings: 92,925 Retirees Quit Contributory Pension Scheme

Low Savings: 92,925 Retirees Quit Contributory Pension Scheme More retirees are quitting the Contributory Pension Scheme and withdrawing the funds in their Retirement Savings Accounts...

Africa’s Growth: Nigeria, S/Africa, Angola Tasked To Ensure Solid Economic Footing

Africa's Growth: Nigeria, S/Africa, Angola Tasked To Ensure Solid Economic Footing   The International Monetary Fund (IMF) has called on Nigeria, South Africa and Angola to...

FAAC Table: The Sharing of N691bn to FG, States, LGCs in July 2016

The Federation Account Allocation Committee (FAAC) shared a total sum of N691bn in the month of July representing allocation for June 2016. Of the...

FG’s Revenue Projection dips 49% To N2.712trn –NEITI

FG’s Revenue Projection dips 49% To N2.712trn –NEITI The Federal Government plan to enlarge its revenue base suffered a major setback recently as its receipts...
NBS National Bureau of Statistics

In Three Months, Manufacturing Sector’s Output Drops By N78bn

In Three Months, Manufacturing Sector’s Output Drops By N78bn The manufacturing sector recorded a decline of about N78bn in output in the first quarter of...

Stock Market Ends Losses, Appreciates By N166bn

Stock Market Ends Losses, Appreciates By N166bn The Nigerian stock market, on Wednesday, halted a seven-day bearish trend after the Nigerian Stock Exchange market capitalisation...

14 Companies Responsible For 50% Capital Market Infractions – Report

14 Companies Responsible For 50% Capital Market Infractions – Report Fourteen insurance companies were responsible for 50.4 per cent of the total penalties meted out...
cbn

CBN Liquidity Mop Up To Persist As N262bn Hits Interbank Market

CBN Liquidity Mop Up To Persist As N262bn Hits Interbank Market   As part of its liquidity management system, the Central Bank of Nigeria (CBN) is...

9.45 million Nigerians In 35 States Are Poor – NASSCO

9.45 million Nigerians In 35 States Are Poor – NASSCO   A total of 9.45 million Nigerians in 35 states of the federation are poor, statistics...

Major Debtors of Intercontinental Bank Plc

CENTRAL BANK OF NIGERIA Following the recent regulatory action of the Central Bank of Nigeria on the...

Zenith Bank Trades Off N14.5bn Shares In A Day

Zenith Bank Trades Off N14.5bn Shares In A Day   Speculations of a possible entry of a new investor, big enough to acquire a seat on...