Monetary

A total of facility of N7.293 billion was disbursed to 52,474 companies and individuals in the agricultural sector between January and November 2016 under...

CBN To Recover N36bn Loans From North-East Farmers   The Central Bank of Nigeria has inaugurated a committee in all local governments in the North-East to...

The Central Bank of Nigeria has debunked claims that about 20 per cent of the naira notes in circulation were counterfeit. The apex bank said...

FG Okays $2.3bn For Coastal Rail Line Development The Federal Government has approved the sum of $2.3bn for the development of a coastal rail line...

How NHIS Spent N4.93bn On Pre-retirement Overseas Training, Others — AGF   The Office of the Auditor General for the Federation has uncovered about N4.93bn unapproved...

Bank Loans To Real Estate Industry Decline By N162bn The challenges confronting the real estate industry have increased as credit allocation by banks maintains a...

RMAFC Made N268bn Recovery From Banks, Others   The Revenue Mobilisation Allocation and Fiscal Commission(RMAFC) says the various probes it instituted into tax remittances by banks,...

Despite Electricity Tariff Hike, FG To Fund N545bn Deficit Although the regulator plans to increase electricity tariffs on April 1, it says the amount of...

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

Focus On N435.7bn Under-Recovery, Discos Tell NERC The Association of Nigerian Electricity Distributors has asked the Nigerian Electricity Regulatory Commission to focus on the N435.7bn...

How Campaign Against Waste Saved N46b In 2019 Budget A joint campaign against wasteful and frivolous items and appropriations that have become routine in the...

Rising from the 327th Bankers Committee meeting held in Abuja, the Central Bank of Nigeria (CBN) has said that the delay in rolling out...

NSIA Insurance Paid N3bn Claims In 2 Years   NSIA Insurance Limited said that it paid over N3bn claims to its clients between the 2017 and...

The federal government’s account balance is in excess of N2.66 trillion at the Central Bank of Nigeria (CBN), document received by Daily Trust has...

Nigeria Records N30.27tr Investments In 15 Months - NIPC     The Nigeria Investment Promotion Commission (NIPC) has revealed that the country recorded N30.27 trillion ($84.25 billion)...

Five days after the National Assembly passed the 2017 budget, the Economic Management Team (EMT) chaired by acting President Yemi Osinbajo met in the...

Customs Brokers Lament Loss Of N20bn To Substandard Goods   Customs brokers and freight forwarders have said they lost N20bn in the past 10 years to...

Introduction1. The Central Bank of Nigeria (CBN), like most others, has the core mandate of maintaining price stability and ensuring a non-inflationary growth. It...

...FG revenue drops to N1.159tn in Q2, investors await flurry of economic data this week In bid to ensure financial system stability and integrity, while...

The Asset Management Corporation of Nigeria (AMCON) Bill has finally been passed, following its harmonization by the Committee set up by the two chambers...