30.1 C
Abuja
Thursday, November 14, 2019

FG Saves N24.7bn Monthly From TSA

FG Saves N24.7bn Monthly From TSA The All Progressives Congress (APC)- led federal government has received high performance ratings in the management of the nation’s...
Nigeria Customs Service

Customs Rakes In N1.002trn Revenue In Nine Months

Customs Rakes In N1.002trn Revenue In Nine Months   The Nigeria Customs Service (NCS) has generated revenue of about N1.002 trillion from January to September 2019. The...

In 3years Banking Industry Fraud Hits N5.571bn

In 3years Banking Industry Fraud Hits N5.571bn   The Nigerian Electronic Fraud Forum (NeFF) has put the value of electronic banking fraud cases over the last...

Discos Map Out N935bn Investment Plans

Discos Map Out N935bn Investment Plans Power distribution companies are set to invest N935bn in their networks as calls for the recapitalisation of Discos heighten. A...

CBN To Punish Banks Over Forex Infractions

Central Bank of Nigeria (CBN) Director, Banking Supervision, Ahmad Abdullahi, has threatened to sanction any Deposit Money Bank (DMB) in breach of its directive...

Naira now N250/dollar in parallel market

The naira gained about 30 per cent on Wednesday against the dollar at the parallel market to trade between N250 and N280 from N364...

2017 Budget: N1.2tn Released For Capital Projects, Says DMO

2017 Budget: N1.2tn Released For Capital Projects, Says DMO A total of N1.2tn was released between July and December 2017 to fund capital projects in...

Nigeria Loses N1.3trn Annually As Food Preservation Facility Wastes Away

Nigeria Loses N1.3trn Annually As Food Preservation Facility Wastes Away Nigeria has been losing about N1.3 trillion annually due to the inability to exploit the...

CBN Retains Monetary Policy Rates at 14%

The Central Bank of Nigeria, CBN, has resolved to retain all monetary policy rates, amid fears the new U.S. government’s decision to review trade...

Naira is Worst Performing Currency – Bloomberg

The naira is the worst performing currency this year among more than 150 currencies globally, the Bloomberg media has said. It has depreciated 37 percent...

Cost Of Funds Fluctuation To Persist As N600bn Hit Interbank

Cost Of Funds Fluctuation To Persist As N600bn Hit Interbank The fluctuation of cost of funds in the interbank money market will persist this week...

NNPC Under-remitted N78bn To Federation Account, NEITI Says

NNPC Under-remitted N78bn To Federation Account, NEITI Says   The Nigeria Extractive Industries Transparency Initiative on Thursday announced that the Nigerian National Petroleum Corporation under-remitted N77.92bn...

Afreximbank Seeks $200m Equity With 67m Shares Listing On NSE

Afreximbank Seeks $200m Equity With 67m Shares Listing On NSE The Africa Export-Import Bank has announced plans to list 67 million shares (depository receipts) on...

External Reserves Fall By $102m In 6days

External Reserves Fall By $102m In 6days The nation’s foreign exchange reserves have pared some of the gains recorded last month, falling by $102m in...
barrel

NNPC Says It Earned $239m From Crude Sales In Nov

NNPC Says It Earned $239m From Crude Sales In Nov The Nigerian National Petroleum Corporation (NNPC) wednesday said it earned $239.10 million from its sale...

Jonathan, Sambo, Iweala To Eat, Travel With N3.7bn in 2014

In the 2014 budget proposal, Nigerian taxpayers are to cough out some N3.7 billion for President Goodluck Jonathan, Vice President Namadi Sambo and Coordinating...
cbn

Can Nigerian Banks Save the Real Sector?

There is no gain saying the fact that banking sector is the nerve centre of any economic that aspires to stand tall among its...
Godwin Emefiele CBN Governor

Analysts Cautions CBN on Rate Hike as MPC Meets Today

Financial analysts have cautioned the Monetary Policy Committee of the Central Bank of Nigeria to avoid increasing the Monetary Policy Rate, currently fixed at...

FG Saves N55bn From Local Fertiliser Production

The production of locally-blended fertiliser has this year saved the Federal Government about $150 million (equivalent of N52 billion) hitherto spent on foreign exchange...

Govt’s Pension Liability Climbs To N67bn

Govt’s Pension Liability Climbs To N67bn It definitely sounds alarming, but it’s not fake news. The Federal Government’s liability on accrued pension to its employees...