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Friday, August 7, 2020

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...

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...

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...

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,...

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...

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...

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,...

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...

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...

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’...
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...

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...

Nigeria, Other African Oil Exporters’ll Lose $34bn – IMF

Nigeria, Other African Oil Exporters’ll Lose $34bn – IMF   The impact of the COVID-19 pandemic is estimated to cost Nigeria and other oil exporters in...

With More Transparency, Nigeria Recovers $3bn from Oil Sector – W/Bank

With More Transparency, Nigeria Recovers $3bn from Oil Sector - W/Bank     The World Bank and the Extractive Industries Transparency Initiative (EITI), the global standard for...

NSIA Invests N107bn In Presidential Fertiliser Initiative

NSIA Invests N107bn In Presidential Fertiliser Initiative   The Nigeria Sovereign Investment Authority (NSIA) has invested N107 billion in Presidential Fertiliser Initiative (PFI). The agency plans to...

Pension Fund Value Drops By N180bn

Pension Fund Value Drops By N180bn   Nigeria’s pension fund dropped by N180 billion in March 2020, eroding the N77 billion it gained in February, a...

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...

Insurance Industry’s Assets Rise To N1.61trn

Insurance Industry’s Assets Rise To N1.61trn     The Nigerian insurance industry’s assets rose to N1.61tn at the end of the 2019 financial year from N1.26tn in...

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...

FEC Approves Over N137bn For Construction Works

FEC Approves Over N137bn For Construction Works     The Federal Executive Council (FEC), yesterday, approved various civil works worth above N137 billion across the six geopolitical...
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