Monetary

Climate Change: W/Bank Plans $5bn Investment In Africa

Climate Change: W/Bank Plans $5bn Investment In Africa         The World Bank plans to invest over $5bn over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to...

AMCON’s Debt Now N4.4trn,Seeks External Support

AMCON’s Debt Now N4.4trn,Seeks External Support         The Management of Asset Management Corporation of Nigeria has called on all agencies of the Federal Government and all stakeholders to join its debt recovery drive to guide against the huge opportunity cost of not recovering its huge total...

Currency in Circulation Hit N2.9trn In 2020 – CBN

Currency in Circulation Hit N2.9trn In 2020 – CBN           Currency in circulation rose by N249bn from N2.66tn as of the end of November to N2.91tn in December 2020. The data was obtained from the Central Bank of Nigeria on Sunday. The CIC rose from a figure of...

Nigeria Imports N35.2bn Solid Minerals In Three Months

Nigeria Imports N35.2bn Solid Minerals In Three Months         Nigeria exported N5.5bn solid mineral goods while the import component stood at N35.2bn in the third quarter of 2020. This was disclosed in the foreign trade statistics report for the third quarter of 2020 obtained from the National...

Poor Documentation Stalls N120bn FAAN Pension Funds

Poor Documentation Stalls N120bn FAAN Pension Funds         The Association of Nigeria Aviation Professionals (ANAP) yesterday raised the alarm over how poor documentation of financial records is serving as a stumbling block denying workers of the Federal Airports Authority of Nigeria (FAAN) from accessing their over...

Fed Govt Releases N11.82bn For MDA Retirees

Fed Govt Releases N11.82bn For MDA Retirees         The Federal Government has released N11.82bn for payment of accrued rights of retirees of treasury funded Ministries, Departments and Agencies under the Contributory Pension Scheme. The Head, Corporate Communications Department, National Pension Commission, Peter Aghahowa, disclosed this in a...