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Thursday, October 17, 2019
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CBN Prints N176.9bn Banknotes In 4 Years

CBN Prints N176.9bn Banknotes In 4 Years   The Central Bank of Nigeria has said a sum of N176.9bn was spent to print banknotes between 2015...

CBN Destroys N1.89trn Fake, Mutilated Naira Notes

CBN Destroys N1.89trn Fake, Mutilated Naira Notes     The Central Bank of Nigeria says it destroyed unfit Naira currency notes worth N1.89trn in two years, 2017...

AMCON’s Debt May Hit N6.6trn By 2024

AMCON’s Debt May Hit N6.6trn By 2024   The debt of the Asset Management Corporation of Nigeria (AMCON) may rise from the current value of N5trn...

Miners Blame BoI For Not Disbursing N2.5bn Mining Grant

Miners Blame BoI For Not Disbursing N2.5bn Mining Grant   The Miners Association of Nigeria has blamed the Bank of Industry for the failure to disburse...

PFAs Invests N1.03trn Pension Funds In Banks

PFAs Invests N1.03trn Pension Funds In Banks   The Pension Funds Administrators increased the pension funds invested in the banking sector to N1.03tn as of the...

Customs Port Harcourt Command Rakes In N81.2bn Revenue

Customs Port Harcourt Command Rakes In N81.2bn Revenue   The Nigeria Customs Service (NCS) Area II Command, Onne Port, has announced that it generated a total...
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CBN’s Support To Power Sector Now N1.695trn

CBN’s Support To Power Sector Now N1.695trn     The financial support provided by the Central Bank of Nigeria (CBN) to Nigeria’s power sector is set to...

AMCON Charged On Recovery Of N5trn Debt

AMCON Charged On Recovery Of N5trn Debt   The Minister of Finance, Mrs Zainab Shamsuna Ahmed has charged the Asset Management Corporation of Nigeria (AMCON) to...

FG Proposes N536.7bn For Pension, Others In 2020

FG Proposes N536.7bn For Pension, Others In 2020     The federal government has proposed a total of N536,717,450,121 for settlement of pensions, gratuities and retirement benefits...

FG, IOCs Commence Talks On $62bn Dispute

FG, IOCs Commence Talks On $62bn Dispute   The Federal Government has commenced preliminary talks with international oil companies in a bid to settle a dispute...

Banks Record N49.4trn Online Transactions

Banks Record N49.4trn Online Transactions   Increase in alternative digital payment platforms has reduced the number of visits to banking halls as indicated by the reduced...

FG To Refund Yola Disco Investors N26.9bn

FG To Refund Yola Disco Investors N26.9bn   The Federal Government is planning to refund the core investors in Yola Electricity Distribution Company the sum of...

Nigeria Can Make $292bn From Iron Ore, Lead – NIMMME

Nigeria Can Make $292bn From Iron Ore, Lead - NIMMME     The Nigerian Institution of Metallurgical, Mining and Materials Engineers on Thursday said available reserves of...

FG, China Sign $3.9bn Contract For Abuja-Itakpe-Warri Rail

FG, China Sign $3.9bn Contract For Abuja-Itakpe-Warri Rail     The Federal Government has signed a $3.9bn contract with the China Railway Construction Corporation Limited for the...

CAC Settles N1.2bn Salary, Pension Arrears

CAC Settles N1.2bn Salary, Pension Arrears     The acting Registrar-General, Corporate Affairs Commission (CAC), Lady Azuka Azinge, Wednesday said a nine per cent staff salary increment...

In Nine Months, Power Sector Loses N472bn

In Nine Months, Power Sector Loses N472bn   The Nigerian electricity supply industry lost a sum of N472.23bn between January and September this year, according to...
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Nigeria Seeks To Recover $62bn From IOCs As Unpaid Profits

Nigeria Seeks To Recover $62bn From IOCs As Unpaid Profits     Nigeria is seeking to recover as much as $62bn from international oil companies, using a...

Prolonged Low Rates Pose $19trn Default Risk Globally – IMF

Prolonged Low Rates Pose $19trn Default Risk Globally - IMF   The International Monetary Fund (IMF), has warned that while low rates are desirable for growth,...

Only N95m Disbursed From N2.5bn Minerals Fund, Minister Says

Only N95m Disbursed From N2.5bn Minerals Fund, Minister Says   Only a sum of N95m has been disbursed from the N2.5bn Solid Minerals Development Fund, which...

CBN Defends Naira With $8.28bn Forex Sales

CBN Defends Naira With $8.28bn Forex Sales   THE Central Bank of Nigeria (CBN) defended the naira with $8.28bn through its direct intervention within the first...