Monetary

CBN, Dangote Plan N120bn COVID-19 Fund, Rabiu, Elumelu Donate N6bn   The Central Bank of Nigeria and the private sector, led by Aliko Dangote Foundation and...

In 2019, NNPC Spent N218.18bn On Ailing Refineries   Nigeria’s refineries under the management of the Nigerian National Petroleum Corporation incurred a total expense of N218.18bn...

COVID-19: CBN Lists Conditions To Access N50bn Intervention Fund   The Central Bank of Nigeria has listed the conditions that must be fulfilled by individuals and...

Global Investment Banks Revenue Now $26.1bn The five largest global investment bank revenue hit $26.1billion last year, three per cent down, according to data gathered...

Global Air Transport Revenue Loss Increases To $252bn   The International Air Transport Association says the expected impact of the coronavirus on global air transport has...

Africa Needs $100bn Economic Stimulus - Finance Ministers   Africa needs an immediate emergency economic stimulus to the tune of $100bn, owing to the COVID-19 outbreak,...

BoI Raises €1bn To Support MSMEs, Others   The Bank of Industry has raised a €1bn (about $1.11bn) medium-term syndicated facility from the international capital market...

Questionable Cargoes Boost Manufactured Goods Exports By N909bn Exports of locally manufactured goods went up as high as 839.44 per cent between second and third...

Mutual Funds To Hit N1.5trn 2020 – SEC   The Securities and Exchange Commission has said that Collective Investment Scheme in the nation’s capital market may...

Insurance Firms Pay N769bn Claims in 3 Years   The insurance sector paid claims totalling N769.26bn in three years, the National Insurance Commission said in a...

Nigeria’s $58.4bn Oil Projects Face New Setback   The twin shocks of the coronavirus pandemic and an oil price war pose a new threat to big-ticket...

Reps Investigate FG’s Abandoned N3.4bn Solar Power Project The House of Representatives has set up an ad hoc committee to investigate the Off Grid Renewable...

Foreign Capital Inflow To Telecoms Increases By $829.62m – NBS   Foreign capital investment into the telecoms industry rose by 725 per cent from 2018 to...

Covid-19: Cut N10.59trn Budget, Target Overhead, Says Senate   The Senate declared on Tuesday that the downward review of the N10.59tn 2020 federal budget had become...

FG Releases N20bn For Completion Of East-West Road   At last the Federal Government has released the sum of N20billion for the completion of the East-West...

Togo, Others Owe Nigeria N30bn For Electricity   The Republics of Togo, Niger and Benin owe Nigeria a total of N29.97bn for the electricity supplied to...

CBN Targets N10bn Growth In Non-oil Exports   The Central Bank of Nigeria says the bank is targeting an increase in non-oil exports from N2bn to...

Nigeria Spends $14bn On Generators   Nigerians spend about $14 billion on generators and fuel yearly to provide alternative power and further stimulate growth, the Director...

CBN To Invest N22bn In Entertainment Industry   The Central Bank of Nigeria (CBN) has said it has concluded plans to invest at least N22 billion...

Solid Minerals Earnings Now N69.47bn – NEITI     Nigeria earned N69.47bn from the solid minerals sector in 2018, the country’s highest earnings from the industry in...