24.1 C
Abuja
Thursday, July 18, 2019
cbn

Currency-in-Circulation Rose By 0.3% To N2.159trn

Currency-in-Circulation Rose By 0.3% To N2.159trn At N2.159trn, currency-in-circulation, on month-on-month basis, rose by 0.3 per cent at the end of April 2019, the Central...

Afreximbank Targets $40bn Deals

Afreximbank Targets $40bn Deals The organisers of the Second Intra-African Trade Fair (IATF2020) expect it to surpass the achievements of the inaugural trade fair held...

In 3months, NCC Remits N51.3bn To FG

In 3months, NCC Remits N51.3bn To FG The Nigerian Communications Commission says it remitted N51.3bn to the Consolidated Revenue Fund of the Federal Government in...

Audit Reveals $652m Needed To Reactivate, Complete Ajaokuta Steel Plant

Audit Reveals $652m Needed To Reactivate, Complete Ajaokuta Steel Plant An audit conducted by Nigerian and Ukrainian experts showed that a total of $652m is...

Expert Advocates $10bn Capital Base For BOA

Expert Advocates $10bn Capital Base For BOA   The founder of the Port Harcourt Premier Business School, Dr. Silva Opuola-Charles, has said Nigeria will need to...

Loans: Govts, Oil Firms, Manufacturers Borrow N8.24trn From Banks

Loans: Govts, Oil Firms, Manufacturers Borrow N8.24trn From Banks The oil and gas sector, governments and manufacturers account for the large chunk of loans from...
Nigeria Customs Service

In 6 Months, Apapa Customs Records $46.6m Export, N203.3bn Revenue

In 6 Months, Apapa Customs Records $46.6m Export, N203.3bn Revenue The Apapa Area Command of the Nigeria Customs Service (NCS), Thursday announced that it generated...

TSA: FG Generates N10trn From 1,674 MDAs

TSA: FG Generates N10trn From 1,674 MDAs Since the start of the implementation of the Treasury Single Account in 2012, the Federal Government has collected...

Customs To Pay N5.5bn For Illegal Seizure Of Rice

Customs To Pay N5.5bn For Illegal Seizure Of Rice   The Federal High Court in Abuja on Wednesday ordered the Nigeria Customs Service and its board...
Godwin Emefiele CBN Governor

CBN Bars Payment Of Interest On Bank Deposits Above N2bn

CBN Bars Payment Of Interest On Bank Deposits Above N2bn   The Central Bank of Nigeria has said the remunerable daily placements by banks at the...

Nigeria Loses $12bn Annually To Oil Theft, Stakeholders Seek FG Action

Nigeria Loses $12bn Annually To Oil Theft, Stakeholders Seek FG Action Nigeria loses between $7 billion and $12 billion to crude oil theft annually, a...

Customs Rakes In N203.3bn In Apapa, N6.7bn In Ogun

Customs Rakes In N203.3bn In Apapa, N6.7bn In Ogun The Apapa Area Command of the Nigeria Customs Service has said it generated total revenue of...

Nigeria Secures $7bn Deal From African Investment Forum — AfDB

Nigeria Secures $7bn Deal From African Investment Forum — AfDB Nigeria accounted for $7bn of the $38.7bn inflows that were secured for the African continent...

Power Distributors Owe TCN, Others N263bn

Power Distributors Owe TCN, Others N263bn Power distribution companies owe service providers, including the Transmission Company of Nigeria, a total of N263bn, our correspondent has...

FG Targets $1bn Revenue From New Gas Flare Policy

FG Targets $1bn Revenue From New Gas Flare Policy The federal government has said its new gas flare out plan – the Nigeria Gas Flare...

SON To Destroy N38m Worth Of Substandard Roofing Sheets

SON To Destroy N38m Worth Of Substandard Roofing Sheets The Standards Organisation of Nigeria is set to destroy N38m worth of substandard roofing sheets found...

Presidential Panel Demands N684bn Oil Block Renewal Fee From Mobil

Presidential Panel Demands N684bn Oil Block Renewal Fee From Mobil ...Company Denies Indebtedness   The Special Presidential Investigation Panel for the Recovery of Public Property says an...

CBN Issues N22.9bn Seed Capital For Creative Industry

CBN Issues N22.9bn Seed Capital For Creative Industry The Central Bank of Nigeria, in collaboration with the Bankers’ Committee, has provided N22.9 billion seed capital...

Customs Intercepts 140 Bundles Of Textiles Worth N11.2bn In Lagos

Customs Intercepts 140 Bundles Of Textiles Worth N11.2bn In Lagos   Customs officers attached to the Federal Operations Unit (FOU), Zone A, yesterday, said it intercepted...

Nigeria Consumes N1.2bn Worth Of Rice Daily — RIFAN

Nigeria Consumes N1.2bn Worth Of Rice Daily — RIFAN Nigeria consumes a minimum of N1.2bn worth of rice every day, the Rice Farmers Association of...