CBN Raises Healthcare Fund To N200bn     Healthcare providers, hospitals, and pharmaceuticals are to benefit in the expansion of the healthcare sector intervention fund from N100 billion to N200 billion by the Central Bank of Nigeria (CBN). The expansion was recommended by the Monetary Policy Committee (MPC). CBN...

FAAC Meeting Deadlocked As States, LGs Protest $418m Paris Refund Deductions     A meeting of the Federation Account Allocation Committee (FAAC) for October 2021, held last Friday, was inconclusive as states and local governments resisted the commencement of deductions in relation to the $418 million judgement...

President Muhammadu Buhari will formally unveil the Nigerian Central Bank Digital Currency, known as the eNaira, on Monday, at the State House, Abuja. CBN spokesman, Osita Nwanisobi, said this in a statement titled ‘President Buhari to unveil eNaira on Monday, 25 October...

Governor of the Central Bank of Nigeria (CNN), Godwin Emefiele, has said medical tourism is straining Nigeria’s foreign reserves. The CBN governor spoke at an event to launch a privately-owned new 100-suit health facility, Duchess International Hospital, in Ikeja, Lagos. He called on the...

Nigeria Losing $3bn To Illegal Mining - NEITI   The Director, Technical, Nigeria Extractive Industry Transparency Initiative, Dr Dieter Bassi, has said Nigeria is losing $2bn-$3bn to illegal mining. He said this during a town hall meeting on the dangers of foreign illegal mining in Nigeria on...

Nigeria’s Service Imports Surpass Exports, Records $33.7bn Deficit   Nigeria recorded trade in services deficit of $33.7bn in 2019, even as its merchandise exports fell by 14.1 per cent in the same year, according to the United Nations. The UN, in its UN Comtrade International Statistics Yearbook...