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Monday, May 20, 2019

FEC Approves N377.53b Contract For Infrastructure At Extraordinary Meeting

FEC Approves N377.53b Contract For Infrastructure At Extraordinary Meeting   The Federal Executive Council (FEC) ‎in their extraordinary meeting Wednesday approved N377.53 billion for the development...

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...

 FG To Borrow Additional $700m From Multilateral Agencies Says DMO

FG To Borrow Additional $700m From Multilateral Agencies Says DMO The Debt Management Office (DMO) has revealed that the outstanding amount of $700 million in...

CBN INITIATIVES HELPING TO ADDRESS INFRASTRUCTURAL GAP, President Jonathan

President Goodluck Jonathan has again given kudos to the initiatives of the Central Bank of Nigeria (CBN), aimed at addressing the infrastructural gap in...
cbn

CBN Wont Devalue Naira Now

There is no truth whatsoever in speculations that the naira has been devalued or that a devaluation is imminent, the Central Bank of Nigeria...

CBN Records N123bn Operating Surplus

The Central Bank of Nigeria’s (CBN) Consolidated and Separate Financial Statements for the year ended 2015 released on Wednesday showed that its net income...
Godwin Emefiele CBN Governor

CBN Injects $250m into Forex Market

The Central Bank of Nigeria (CBN) has continued its intervention in the interbank foreign exchange market to the tune of $250million in three segments...

Operators Fault Aviation Minister On Alleged N516bn Debt

Operators Fault Aviation Minister On Alleged N516bn Debt   Airline operators have questioned the veracity of the N516 billion debts, which the Minister of State, Aviation,...

NNPC: FG Owes Us N170.6bn Subsidy Payments

NNPC: FG Owes Us N170.6bn Subsidy Payments The Nigerian National Petroleum Corporation (NNPC) said on Monday that it was being owed N170.6 billion paid to...
cbn

CBN Injects $498m in Forex Market

CBN Injects $498m in Forex Market The Central Bank of Nigeria (CBN) in it's committment to foreign exchange intervention has injected a total of $498...

Coach Izilien Lambasts NFF Over Unpaid $28,750 Wages

Coach Izilien Lambasts NFF Over Unpaid $28,750 Wages   After a lengthy battle spanning 14 years, former Super Falcons coach, Godwin Izilien is not ready to...

EFCC Recovers Over N430 Billion In 8 Months

The Economic and Financial Crimes Commission (EFCC) has disclosed the sum of   over N430 billion in different currencies was recovered by the agency from...

At $43.507bn, External Reserves Hit Highest In Five Month

At $43.507bn, External Reserves Hit Highest In Five Month   Buoyed by increasing foreign portfolio investments (FPIs) and stability in crude oil price, Nigeria’s external reserves...

CBN Communique No 72 of Sept 2010

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

UK Agrees To Return Nigeria’s $85m Malabu Oil Loot

UK Agrees To Return Nigeria’s $85m Malabu Oil Loot After many years of legal fireworks, the United Kingdom has given the final clearance for Nigeria...

Nigerian Banks’ Credit Report Poorest Worldwide

The entire 22 deposit money banks in the country process a paltry 1, 500 credit report on a daily basis, The Nation has learnt. Making...

NSE: Indices Soar By N370 Billion

NSE: Indices Soar By N370 Billion Ahead of the full year result of listed companies, investors increasing demand for fundamentally sound dividend paying stocks, coupled...

FG Retrieves $64m Electricity Debt

MINISTER of Power, Works and Housing, Babatunde Fashola, has revealed how the Federal Government recovered $64,630,065 electricity debt from the Republic of Niger and...
cbn

CBN, Police Jointly Raid Illegal Currency Traders

The Central Bank of Nigeria (CBN), Enforcement Committee on the Abuse of the Naira in collaboration with the FCT Police Command raided different locations...

‘Nigeria Lost $1.150bn Of Potential Gas Income To Flaring In 2016’

‘Nigeria Lost $1.150bn Of Potential Gas Income To Flaring In 2016’ In 2016 alone, Nigeria could not earn about $1.150 billion potential gas revenue because...