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Thursday, May 28, 2020

CBN Releases N7.29bn Agric Fund To 55,474 Beneficiaries

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

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...

Less Than One percent Fake Naira Notes in Circulation – CBN

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

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

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...
Godwin Emefiele CBN Governor

Bank Loans To Real Estate Industry Decline By N162bn

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

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

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

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

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

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...
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Flexible Forex Delay: We Want To Get It Right-Bankers Committee

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

‘Govt has N2.66trn Credit Balance in TSA Account

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

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)...

Budget 2017: FG Brainstorms on Modalities for Funding

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

In Defence of Independence of CBN

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...

Again, CBN Meets Bank CEOs Today, Considers All Options

...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...

AMCON Bill Ready for Presidential Approval

The Asset Management Corporation of Nigeria (AMCON) Bill has finally been passed, following its harmonization by the Committee set up by the two chambers...
Live Covid-19
United States 1,747,781
Cases: 1,747,781
Deaths: 102,197
Recovered: 490,256
Active: 1,155,328
Brazil 414,661
Cases: 414,661
Deaths: 25,697
Recovered: 166,647
Active: 222,317
Russia 379,051
Cases: 379,051
Deaths: 4,142
Recovered: 150,993
Active: 223,916
Spain 283,849
Cases: 283,849
Deaths: 27,118
Recovered: 196,958
Active: 59,773
United Kingdom 267,240
Cases: 267,240
Deaths: 37,460
Recovered:
Active: 229,780
Italy 231,139
Cases: 231,139
Deaths: 33,072
Recovered: 147,101
Active: 50,966
France 182,913
Cases: 182,913
Deaths: 28,596
Recovered: 66,584
Active: 87,733
Germany 181,895
Cases: 181,895
Deaths: 8,533
Recovered: 163,200
Active: 10,162
India 160,310
Cases: 160,310
Deaths: 4,560
Recovered: 68,713
Active: 87,037
Turkey 159,797
Cases: 159,797
Deaths: 4,431
Recovered: 122,793
Active: 32,573
Iran 143,849
Cases: 143,849
Deaths: 7,627
Recovered: 112,988
Active: 23,234
Peru 135,905
Cases: 135,905
Deaths: 3,983
Recovered: 56,169
Active: 75,753
Canada 87,519
Cases: 87,519
Deaths: 6,765
Recovered: 46,164
Active: 34,590
China 82,995
Cases: 82,995
Deaths: 4,634
Recovered: 78,288
Active: 73
Chile 82,289
Cases: 82,289
Deaths: 841
Recovered: 33,540
Active: 47,908
Saudi Arabia 80,185
Cases: 80,185
Deaths: 441
Recovered: 54,553
Active: 25,191
Mexico 78,023
Cases: 78,023
Deaths: 8,597
Recovered: 54,383
Active: 15,043
Pakistan 61,227
Cases: 61,227
Deaths: 1,260
Recovered: 20,231
Active: 39,736
Belgium 57,849
Cases: 57,849
Deaths: 9,388
Recovered: 15,572
Active: 32,889
Qatar 50,914
Cases: 50,914
Deaths: 33
Recovered: 15,399
Active: 35,482
Netherlands 45,950
Cases: 45,950
Deaths: 5,903
Recovered:
Active: 40,047
Bangladesh 40,321
Cases: 40,321
Deaths: 559
Recovered: 8,425
Active: 31,337
Belarus 39,858
Cases: 39,858
Deaths: 219
Recovered: 16,660
Active: 22,979
Ecuador 38,103
Cases: 38,103
Deaths: 3,275
Recovered: 18,425
Active: 16,403
Sweden 35,727
Cases: 35,727
Deaths: 4,266
Recovered: 4,971
Active: 26,490
Singapore 33,249
Cases: 33,249
Deaths: 23
Recovered: 17,276
Active: 15,950
United Arab Emirates 32,532
Cases: 32,532
Deaths: 258
Recovered: 16,685
Active: 15,589
Portugal 31,596
Cases: 31,596
Deaths: 1,369
Recovered: 18,637
Active: 11,590
Switzerland 30,796
Cases: 30,796
Deaths: 1,917
Recovered: 28,300
Active: 579
South Africa 25,937
Cases: 25,937
Deaths: 552
Recovered: 13,451
Active: 11,934