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Saturday, November 28, 2020

CBN Disburses N374bn To Smallholder Farmers

CBN Disburses N374bn To Smallholder Farmers       The Central Bank of Nigeria (CBN) yesterday said it has funded smallholder farmers (SHFs) under the Anchor Borrowers Programme...

China Devt Bank, Afreximbank To Support Africa’s Trade Infrastructure With $500m

China Devt Bank, Afreximbank To Support Africa’s Trade Infrastructure With $500m The China Development Bank (CDB) has signed an agreement with the African Export-Import Bank...

Nigeria Spends N43tr On Food Imports

Nigeria Spends N43tr On Food Imports Minister of Science and Technology, Ogbonnaya Onu, said, the National Bureau of Statistics has said that the country spent...

World Bank Energy Financing In Nigeria, Others Increase By $7.7bn

World Bank Energy Financing In Nigeria, Others Increase By $7.7bn   The World Bank has stated that it has exceeded its financing target in new energy...

Reps Summon NNPC, NLNG Over Alleged Illegal $1.05bn Withdrawals

Reps Summon NNPC, NLNG Over Alleged Illegal $1.05bn Withdrawals     The House of Representatives has resolved to investigate the alleged illegal withdrawal of funds from the...

Nigeria Consumes N1.2bn Worth Of Rice Daily — RIFAN

Nigeria Consumes N1.2bn Worth Of Rice Daily — RIFAN Nigeria consumes a minimum of N1.2bn worth of rice every day, the Rice Farmers Association of...

NEC Targets N2trn Pension Fund For Infrastructural Devt

NEC Targets N2trn Pension Fund For Infrastructural Devt   The National Economic Council on Thursday considered the possibility of investing N2tn out of the Contributory Pensions...
Godwin Emefiele CBN Governor

Banks’ bad loans rise by 50% to N2.4tn

Banks’ bad loans rise by 50% to N2.4tn The economic challenges in the country made the level of non-performing loans in the Deposit Money Banks...

Debt Servicing Consumes Over 50% Of Nigeria’s Revenue, Says AfDB

Debt Servicing Consumes Over 50% Of Nigeria’s Revenue, Says AfDB Debt servicing gulps more than 50 per cent of Nigeria’s revenue, the African Development Bank...

BPE Commends APM Terminal’s N126bn Investment in Nigeria

BPE Commends APM Terminal’s N126bn Investment in Nigeria   The Bureau of Public Enterprises (BPE) has expressed satisfaction with the level of compliance with the post-acquisition...
Godwin Emefiele CBN Governor

CBN moves against Inflation…mops up N200 billion in Special OMO

In its latest move to further rein in inflation, the Central Bank of Nigeria (CBN) has unveiled plans to mop up a total of...

FEC Okays N8.6bn To Begin Siemens Power Project

FEC Okays N8.6bn To Begin Siemens Power Project     The Federal Executive Council (FEC) has endorsed the President’s approval to release €15.21 million (N6.94 billion) offshore...

MTN Pays N235bn Fine Over SIM Registration

MTN Pays N235bn Fine Over SIM Registration MTN Nigeria Communications Limited has paid a total of N235bn out of the N330bn fine imposed on the...
Debt Office DMO Nwankwo

FG, States’ Debts Hit N11.84tr

The Fiscal Responsibility Commission(FRC) says the debts include domestic debt (N9.73 trillion or 82.20%) and external debt (N2.11 trillion or 17.80%). Of the debt stock,...

FX scarcity: $575m Airlines Ticket Revenue Trapped

As the crisis surrounding access to foreign exchange exacerbates, foreign airlines operating in Nigeria have in excess $575 million, as at the end of...
Kemi Adeosun Finance Minister

FG Finally Releases N739bn Capital Vote To MDAs

FG Finally Releases N739bn Capital Vote To MDAs Ostensibly responding to the National Assembly’s complaint over the low implementation of the capital component of the...

Reps Uncover Over N6bn Unspent Funds In EFCC

Reps Uncover Over N6bn Unspent Funds In EFCC         The House of Representatives yesterday uncovered about N6 billion unspent funds in the coffers of the Economic...

CBN Sold $2.5bn Forex in November, Got $2.48bn Inflow

The Central Bank of Nigeria ,CBN, in its Economic Report of the Nigerian Economy for the month of November 2015 said that $2.48 billion...
AMCON Boss, Ahmed Kuru

AMCON’s Assets Under Management Hit N136.73bn

AMCON’s Assets Under Management Hit N136.73bn     The assets under management of the Asset Management Corporation of Nigeria stood at N136.73bn while it has about N112.03bn...
Kemi Adeosun Finance Minister

FG Seeks $500m World Bank Loan

The Ministry of Finance has said that the $500 million loan it seeks the Senate’s approval to access will be used in empowering the...
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