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Saturday, November 28, 2020
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NEXIM Bank Disburses N52.9bn To Boost Non-oil Activities

NEXIM Bank Disburses N52.9bn To Boost Non-oil Activities     The Nigerian Export-Import Bank (NEXIM) has refuted allegations that it mismanaged a N50 billion-Central Bank of Nigeria...

Farmers, Processors, Others To Get N432bn – CBN

Farmers, processors, Others To Get N432bn – CBN     The Central Bank of Nigeria on Thursday said it plans to fund the value chains of nine...

NNPC Obtains $1bn To Fund Upstream Operations

NNPC Obtains $1bn To Fund Upstream Operations       The Nigerian National Petroleum Corporation on Thursday night announced that it had obtained a prepayment funding of about...

Senate Okays N168.8bn Budget For FIRS

Senate Okays N168.8bn Budget For FIRS   The Senate, on Wednesday, approved N168.8 billion budget for the Federal Inland Revenue Service (FIRS) for the 2020 fiscal...

80,000 Apply For CBN’s N50bn COVID-19 Intervention Fund

80,000 Apply For CBN’s N50bn COVID-19 Intervention Fund   Three weeks after the Central Bank of Nigeria released the guidelines for the N50bn targeted credit facility,...

NCI Fund Receives Additional $150m

NCI Fund Receives Additional $150m   The Nigerian Content Intervention Fund (NCI Fund) has received additional $150million, following the expansion of the Fund from $200 million...

We’re Injecting N600bn Into Agriculture – Fed Govt

We’re Injecting N600bn Into Agriculture – Fed Govt     The Federal Government has resolved to inject over N600bn as stimulus response into Nigeria’s agricultural sector, the...

Fed Govt To Fund Electricity Agency With N152bn In 2021

Fed Govt To Fund Electricity Agency With N152bn In 2021     In spite of the public outrage over last week’s electricity tariff hike which the government...

CBN, NNPC To Spend N1bn On 3,000 Returnees

CBN, NNPC To Spend N1bn On 3,000 Returnees     The Central Bank of Nigeria and the Nigerian National Petroleum Corporation have agreed to spend over N1bn...

Nigeria Exported $4.47bn Crude, FAAC Got N1.83trn — NNPC

Nigeria Exported $4.47bn Crude, FAAC Got N1.83trn — NNPC     The Nigerian National Petroleum Corporation on Sunday put the worth of crude oil and gas exported...
Ibrahim Magu

I remitted N329bn Into NNPC Accounts, Says Magu

I remitted N329bn Into NNPC Accounts, Says Magu     The suspended acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, says he remitted N329bn...

CBN Disburses N49bn COVID-19 Intervention Fund To 80,000 Beneficiaries

CBN Disburses N49bn COVID-19 Intervention Fund To 80,000 Beneficiaries     The Central Bank of Nigeria (CBN) has so far disbursed N49 billion out of its N50...

MTN Invests N247m In Fight Against Substance Abuse

MTN Invests N247m In Fight Against Substance Abuse   MTN Foundation says it has invested an estimated sum of N247m in anti-substance abuse campaign and impacted...

NIRSAL Facilitates N105bn Financing To Boost Agric Sector

NIRSAL Facilitates N105bn Financing To Boost Agric Sector     The Managing Director/Chief Executive, Nigeria Incentive-Based Risk Sharing System Plc (NIRSAL) Mr. Aliyu Abdulhameed, has said the...

COVID-19: CBN Lists Conditions To Access N50bn Intervention Fund

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...

In 13 Months, Nigerians Spent N2.37trn On petrol – NNPC

In 13 Months, Nigerians Spent N2.37trn On petrol – NNPC   In 13 months, Nigerians spent N2.37tn on petrol imported into the country by the Nigerian...

US Development Bank Invests $530m In Nigerian Projects

US Development Bank Invests $530m In Nigerian Projects     The United States International Development Finance Corporation says it has invested $530m in Nigeria’s agriculture, financial institutions,...
electricity

$2bn Power Project: Fresh Threats, As FG, Siemens Take Conflicting Positions

$2bn Power Project: Fresh Threats, As FG, Siemens Take Conflicting Positions     Barely one year to delivery, the Nigerian Electricity Road Map project under the Presidential Power...

Oil, Power Firms Owe Banks N5.59trn – CBN

Oil, Power Firms Owe Banks N5.59trn - CBN   Energy firms in the country owe Nigerian banks a total of N5.59tn, the sectoral analysis of banks’...

Operators Invest N55.25bn Pension Funds In Infrastructure

Operators Invest N55.25bn Pension Funds In Infrastructure   The Pension Funds Administrators have invested N55.25bn under the Contributory Pension Scheme in infrastructure as of the end...
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