Monetary

Nigeria Needs $3trn To Bridge Infrastructure Gap – Report       Global credit rating agency, Moody’s Investors Service, has stated that the infrastructure in Nigeria is behind...

Afreximbank Grows Assets To $19bn       African Export-Import Bank (Afreximbank) grew its total assets to $19.33 billion as at 30 September 2020, up 34% from $14.44...

$37.6m Audit Funds: Reps Move To Sanction DG Budget Office         The Public Accounts Committee of the House of Representatives Thursday resolved to pursue sanctions against...

COVID-19: Rivers Misses Out As FG Disburses N66.5bn To States       The Federal Government on Wednesday announced the disbursement of N66.5bn ($175m) to 35 eligible states...

House Decries N200bn Unclaimed Dividends         The House of Representatives has expressed concerns over a projection that unclaimed dividends will hit N200bn or more by the...

AMCON Seizes Jimoh Ibrahim’s Assets Over N69.4bn Debt         The Asset Management Corporation of Nigeria announced on Wednesday that it had taken possession of 12 assets...

Customs Impound Falsely Declared Cargoes Worth N767m       The Comptroller-General of Customs Strike Force in Zone ‘A’ has intercepted contrabands and raised Debit Notes on under-declaration...

States Borrow N900bn From Capital Market         The Securities and Exchange Commission (SEC), has disclosed that state governments in Nigeria have borrowed not less than N900...

FRC Boosts FG’s Revenue With N1.7trn Since 2007         Since 2007 to date, the Fiscal Responsibility Commission (FRC) caused over N1.7 trillion to be remitted to...

Senate Asks SMEDAN To Account For N298m       The Senate on Tuesday asked the Small and Medium Enterprises Agency of Nigeria to account for N298m advance...

Afreximbank, Others Unveil $1.5bn Facility To Support Food Production         The African Export-Import Bank (Afreximbank) has partnered with the International Islamic Trade Finance Corporation (ITFC), the...

Damage By Plastic, Other Pollution To Marine Environment Hits $13bn         Stakeholders in the management of the marine environment have advocated for a concerted effort by...

Nigeria, 69 Other Countries Get $99bn IMF Cash       The International Monetary Fund (IMF) on Monday released its updated economic funding support totalling $99 billion to...

Afreximbank Records $217.06m In 9 Months       African Export-Import Bank (Afreximbank), yesterday in Cairo, Egypt, released its unaudited financial statements for the nine months ended 30...

Reps Summon Kyari, Emefiele, Allege N3.2trn, Others Unremitted         The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele...

Power Operators Lose N1.25bn As Generation Sheds 62.96MW       The Advisory Power Team, Office of the Vice President, in their latest report on the power sector,...

CBN’s Policy Blocks Investors, Banks From N622bn Illegal Earnings         The new Treasury Bills policy of the Central Bank of Nigeria, CBN, has effectively obstructed about...

$500m Chinese Debt Sparks Confusion In Airport Concession       Federal Government’s plan to concession airports has run into difficulties over an existing debt and pact with...

Fed Govt To Sell Geregu, 2 Plants For N434bn       The Federal government has said it will sell the Geregu, Omotosho and Calabar power plants for...

NNPC Denies Non-remittance of N21bn Revenue To Federal Account         The Nigerian National Petroleum Corporation (NNPC) has denied allegations it did not remit N21bn revenue from...