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...
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...
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...
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...
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...
