Monetary

JAMB Remits N3.51bn 2021 Operating Surplus

JAMB Remits N3.51bn 2021 Operating Surplus     The Joint Admissions and Matriculation Board(JAMB) has remitted the sum of N3.51 billion to the national treasury as part of its 2021 operating surplus. The 2021 remittance was in line with Prof. Is-haq Oloyede’s avowed commitment to prudent management of...

Nigeria Air: FG Disburses N6.25bn On Consultancy, Advisers

Nigeria Air: FG Disburses N6.25bn On Consultancy, Advisers     The controversial national carrier, Nigeria Air, may see the light of the day before the current administration winds down, with a new take-off date now set for the first quarter of 2022. The fresh optimism, The Guardian learnt,...

MAMA Centre Secures N500, 000 FG-CBN Covid-19 facility For Dozens Rightholders

MAMA Centre Secures N500, 000 FG-CBN Covid-19 facility For Dozens Rightholders   The Mothers And Marginalised Advocacy Centre (MAMA Centre) has secured N500,000 worth Federal Government(FG)/Central Bank of Nigeria (CBN) Covid-19 facility for each of her dozens rightholders across Nigeria. The FG-CBN supported facility obtained through NIRSAL...

TETFund Targets N10bn Research Grant In 2022

TETFund Targets N10bn Research Grant In 2022   The Tertiary Education Trust Fund is working hard to ensure that the annual allocation to the National Research Fund (NRF) is raised to N10 billion in 2022. Executive Secretary of TETFund, Professor Suleiman Bogoro, who disclosed also noted the...

$10bn Gas Project: Senate Probes Italian Firm Over Local Content Law

$10bn Gas Project: Senate Probes Italian Firm Over Local Content Law   The leadership of the Senate has directed its Committee on Local Content to immediately commence investigations into the alleged breach of local content law by an Italian firm. The development was sequel to a petition...

Banks’ Borrowing From CBN Rises By 74% To N901bn

Banks’ Borrowing From CBN Rises By 74% To N901bn   The scarcity of funds (liquidity) in the interbank money market has compelled banks to rely more on the Central Bank of Nigeria (CBN) for short term liquidity needs. Findings show that banks borrowed N901 billion from the...