Monetary

Customs Impound Indian Hemp Worth N1bn   The Nigerian Customs Service, Western Marine Command, says it seized various contraband goods worth N1.06bn in the first quarter...

PFAs Invest N54.35bn Pension Funds In Infrastructure     Pension Funds Administrators have invested N54.35bn of the total assets under the Contributory Pension Scheme in infrastructure as...

CBN Disburses N152.9bn For 61 Manufacturing Projects     The Central Bank of Nigeria has disbursed N152.9bn for 61 manufacturing projects under parts of its intervention funds. The...

SON System Failure: Port Records N84bn Loss In Two Weeks   The failure of the server of the Standards Organisation of Nigeria to link importers to...

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

Nigeria Saves $500m From Ban On Barley Malt, Says Onu   Minister of Science and Technology Dr. Ogbonnaya Onu has said the Federal Institute of Industrial...

Nigeria's Oil Revenue Hits N85trn In 5Years - Report Nigeria earned about N85 trillion, or $236.2 billion from oil between 2014 and 2018, the 54th...

N13.2bn Spent By FG To Reactivates Export Grant - Udoma   The Minister of Budget and National Planning, Senator Udoma Udoma, has said the Federal Government...

Central Bank of Nigeria Communiqué No. 72 of the Monetary Policy Committee Meeting, September 21, 2010The Monetary Policy Committee (MPC) met on 21st September,...

Buhari Okays Committees For N2trn Mambilla Power Plant   President Muhammadu Buhari, has approved the constitution of two committees for the Mambilla Hydroelectric Power Project in...

Loan: NEXIM Bank Approves N25bn For Non-oil Exporters   The Nigerian Export-Import Bank on Thursday gave approval for the disbursement of the sum of N25bn to...

Customs Intercepts 140 Bundles Of Textiles Worth N11.2bn In Lagos   Customs officers attached to the Federal Operations Unit (FOU), Zone A, yesterday, said it intercepted...

Investigation Reveals Bank Loans To manufacturers, Others Hit N241trn Deposit Money Banks have given about N241.87tn loans to manufacturing, agriculture, oil and gas firms and...

Implementation of 2017 Budget is under threat by uncertainties in the global oil market, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu,...

$48b Forex Inflows, $45b Reserves Stabilise Naira Rising dollar inflows through the Investors’ and Exporters’ (I&E) Forex Window and foreign reserves accretion have stabilised the...

CBN,The Central Bank of Nigeria sold N31.94bn ($104.76m) in Treasury bills in a bid to tighten liquidity in the money market while overnight lending...

The Central Bank of Nigeria has again warned against the patronage of illegal money transfer operators, stating that the development was undermining its efforts...

Lokpobiri Commends IFAD's $500m Investment In Agriculture The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, has commended the International Fund for...

Forex: As anticipated last weekend, the Central Bank of Nigeria (CBN) on Tuesday, March 14, 2017, sustained the supply of foreign exchange to the...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that Nigeria accumulated a total of $201.2bn in Excess Crude Account and squandered within 10...