Monetary

67 Aggrieved Depositors Lodged N11.7bn Complaints Against Banks – CIBN       The Chartered Institute of Bankers of Nigeria has said it received 67 petitions from depositors...

AfDB To Invest $3bn In Africa’s Pharmaceutical Industry         The African Development Bank (AfDB) has said it would invest 3 billion dollars to build Africa’s pharmaceutical...

Govt-owned Agencies Didn’t Remit N2trn To Federation Account - Senate       The Senate Committee on Finance has raised the alarm that some government-owned agencies has failed...

Nigerian Insurers Settle N4bn #EndSARS Claims       The Nigerian Insurers Association has said insurance companies have so far paid N4bn claims from the estimated losses from...

FEC Okays N6.2bn For Six Electricity Projects       The Federal Executive Council yesterday approved contracts worth $8.29m as well as N3bn for the execution of various...

Investors To Raise N102.75bn For National Carrier – Fed Govt       Private investors are to raise $250m (N102.75bn at N411/$ official exchange rate) to start up...

Nigeria Loses $70m To Illegal Fishing Annually       The House of Representatives has expressed worry that Nigeria loses $70 million yearly to Chinese and other European...

Nigeria Loses $8.8trn To Capital Flight       The House of Representatives has urged the Federal Government to develop an effective mechanism and strategy to prevent the...

Nigeria Received $8.4bn Investment Announcement Inflows In Q1, 2021       Nigeria received about $8.4b investment announcement inflows in quarter one (Q1) 2021, Executive Secretary of the...

Customs command Increases Q1 Revenue Collection To N7.97bn       The Kirikiri Lighter Terminal Command of the Nigeria Customs Service has said its revenue collection rose by...

CBN N120bn Fund: Consumers Want Meters, Improved Power Supply       Power consumers and power sector experts have tasked the 11 power Distribution Companies (DisCos) on accelerating...

Reps Increase Customs’ Revenue Target To N1.6trn         The House of Representatives yesterday increased the revenue target of the Nigeria Customs Service (NCS) from N1.4 trillion...

PenCom Raises PFAs’ Shareholders Funds To N5bn       The National Pension Commission has ordered the Pension Funds Administrators to raise their shareholders’ funds from N1bn to...

Senate Approves N216.646bn FIR's 2021 Budget       The Senate has approved N216, 646, 579, 231.00 as 2021 budget for the Federal Inland Revenue Service (FIRS). The Senate...

Nigeria May Lose $1bn Annually To Contaminated Food       Nigeria may lose $1billion yearly to the consumption of aflatoxin contaminated food that result in diseases such...

'N120bn Intervention Will Address Nigeria’s Electricity Challenges'       Stakeholders in the electricity sector, yesterday, said the Federal Government’s intervention in the power sector, especially efforts being...

Senate Demands Explanation On N7.5bn Withdrawals From Ahmed, NSA       The Chairman, Senate Public Accounts Committee, on Wednesday gave the Ministry of Finance, Office of the...

Accountant-general, NEITI To Recover $5.31bn, N69.5bn From Extractive Industries         The Accountant-General of the Federation, Ahmed Idris, on Tuesday vowed that his office would work with...

Commercial Banks’ Loan To FG Hits N1.8trn       The total commercial loans to the government, at all levels, rose to N1.77 trillion at the close of...

FG Spends N568.5bn Yearly On Power Tariff Shortfalls – W/Bank       The Federal Government of Nigeria is spending $1.5bn (N568.5bn at N379/$ exchange rate) annually to...