Buhari Says Nigeria Needs $400bn To Close Energy Shortfall         The President of the Federal Republic of Nigeria Muhammadu Buhari has said that Nigeria needs over $400bn to fund its critical energy needs. Buhari said that $300bn would be needed for electricity generation, transmission and distribution infrastructure...

Credit To Private Sector Rises By N498.6bn In August           The Central Bank of Nigeria (CBN) has disclosed that credit to private sector went up by N498.6billion in August to N33.26trillion from N32.8trillion reported in July 2021. The N33.36trillion figure announced by the CBN is a new...

In Seven Months, Pension Funds Rose By N480bn         The total pension fund assets under the Contributory Pension Scheme rose by N480bn between January and July 2021. Figures obtained from the National Pension Commission on its unaudited report on the pension funds industry portfolio for the period...

Court Dismisses AMCON's Suit Against Nigerian Senator Over Alleged N600m Debt           A Federal High Court in Abuja on Thursday lambasted the Asset Management Corporation of Nigeria (AMCON) for fraudulently obtaining an order to seize houses belonging to one Senator Buhari Abdulfatai over alleged N600M debt. Justice...

N500Billion Scandal: Another Group Demands Emefiele’s Sack as CBN Governor             As Central Bank of Nigeria (CBN) reacts against calls for the resignation of its Governor, Godwin Emefiele, more groups have emerged demanding for his sack. The Arewa Youth Assembly, a socio-economic and socio-political group has called...

Five Top Banks Fined N1.4bn For Forex Infractions, Others           Five top banks in Nigeria paid a total of N1.4bn as penalties to financial regulatory bodies such as the Central Bank of Nigeria, Security Exchange Council and Financial Reporting Council of Nigeria, in the first half...