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Friday, May 18, 2018

FG secures $22.5bn Investments In 164 Projects

FG secures $22.5bn Investments In 164 Projects   The Federal Government on Tuesday said it had secured a total investment commitment of $22.5bn from the private...

Currency-in-Circulation Drops To N1.668 Trillion

Currency-in-Circulation Drops To N1.668 Trillion   The total value of currency-in-circulation in the country reduced by N269 billion year-on-year to N1.668trillion as of the end of...

Power: N1tn Debt Threatens NBET Existence

Power: N1tn Debt Threatens NBET Existence   The Federal Government has warned that massive indebtedness by power distributors to the Nigerian Bulk Electricity Trading Company may...

$17.8bn Investment Pledge Secured In 3Months Says NIPC

$17.8bn Investment Pledge Secured In 3Months Says NIPC The Nigerian Investment Promotion Commission on Thursday said that in the first quarter of this year, states...

AfDB: Nigeria, Others Require $1.2tn Annual Investment

AfDB: Nigeria, Others Require $1.2tn Annual Investment   Countries in Africa, including Nigeria, require an investment of about $1.2tn annually in order to achieve the continent’s...
cbn

CBN Cuts Interest Rate Before Year-End

CBN Cuts Interest Rate Before Year-End   The Monetary Policy Committee of the Central Bank of Nigeria is expected to cut the Monetary Policy Rate, also...

Nigeria Annually Spends N611bn On IT Projects – NITDA

Nigeria Annually Spends N611bn On IT Projects - NITDA   The country spends about $2bn (N611.5bn at the official exchange rate of N305.75 to a dollar)...
Godwin Emefiele CBN Governor

$36.3bn Spent On Petroleum Products’ Importation In 4 Years Says CBN

$36.3bn Spent On Petroleum Products’ Importation In 4 Years Says CBN   The House of Representatives on Monday rejected the submission of the Nigerian National Petroleum...

FG: Power Sector Records N154bn Loss In 125 Days

FG: Power Sector Records N154bn Loss In 125 Days   Between January 1 and May 5 this year, the power sector lost about N154bn as a...

Oil Sector Receives N3.42 Trillion Credit From Banks

Oil Sector Receives N3.42 Trillion Credit From Banks A gas flare burns at the Batan flow station operated by Chevron under a joint-venture arrangement with...
Godwin Emefiele CBN Governor

As Reserves Near $48 Billion, CBN Auctions $559m In Three Days

As Reserves Near $48 Billion, CBN Auctions $559m In Three Days   A Combined two foreign exchange (forex) market interventions by the Central Bank of Nigeria...
Pencom

Pension Assets Hit N7.8 Trillion

Pension Assets Hit N7.8 Trillion   The National Pension Commission (PenCom) has put the net asset value of the contributory pension scheme (CPS) at N7.779 trillion...

FG Okays N99bn For Repair Works On Third Mainland Bridge, Others

FG Okays N99bn For Repair Works On Third Mainland Bridge, Others   The Federal Government yesterday approved N99. 01 billion for the repair works on Third...
House of Reps

Reps C’ttee Summons Arik Air MD, Others On The N2trn CBN Intervention Funds

Reps C’ttee Summons Arik Air MD, Others On The N2trn CBN Intervention Funds   For failing to clarify the use of N2 trillion intervention funds given...

We’ve Spent N138bn On Basic Education In 3 Years – FG

We’ve Spent N138bn On Basic Education In 3 Years - FG   A total of N138 billion has so far been expended by the federal government...

FG Borrows N5.5tn From Pension Savings, Delays Minimum Payment

FG Borrows N5.5tn From Pension Savings, Delays Minimum Payment     The failure of the Federal Government to fund the Pension Protection Fund after borrowing N5.5tn from...

Nigeria’s Capital Inflows Increased By $7.3bn In 2017 – NIPC

Nigeria’s Capital Inflows Increased By $7.3bn In 2017 – NIPC     The Nigeria Investment Promotion Commission (NIPC) has indicated that the country’s actual capital inflows grew...

FIRS Generates N1.171 Trillion In Q1 2018

FIRS Generates N1.171 Trillion In Q1 2018     The Federal Inland Revenue Service (FIRS) has raked in N1.171 trillion in the first quarter of 2018, the...

We’ve Raised N90bn Towards 2018 Budget – DMO

We've Raised N90bn Towards 2018 Budget - DMO     The Debt Management Office on Thursday said it had raised N90bn towards the implementation of the 2018...

Senate Orders N216bn Illegal Subsidy Payment Refund By NNPC

Senate Orders N216bn Illegal Subsidy Payment Refund By NNPC     The Senate has declared as illegal the current payments by the Nigerian National Petroleum Corporation to...

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