Monetary

Nigerian Households Spent N2trn On Electricity, Fuel In 2019 – NBS     Households in Nigeria spent a total of N2.02tn on fuel and electricity in 2019,...

In Thirty Days, Power Sector Loses N57bn To Gas, Grid Constraints   Nigeria’s power sector further suffered a major setback in the last one month with...

COVID-19: Nigeria Needs N10.1trn Intervention - NESG     Nigeria needs at least N10.1 trillion worth of interventions from the government to address the fallout of the...

CBN Gives Medical Firms Conditions To Access N100bn Loans   To access the N100bn loans provided by the Central Bank of Nigeria for firms in the...

NSE Commits N100m To Fight COVID-19 The Nigerian Stock Exchange has committed N100m to the fight against the coronavirus pandemic. According to a statement from the...

In Two Months, Discos Owe NBET N76bn   Power distribution companies in the country failed to pay a total of N76.19bn to the Nigerian Bulk Electricity...

NCS Apapa Command Generates N39.877bn In April   Nigeria Customs Service (NCS), Apapa Area Command, generated N39.877 billion in the month of April. Mrs Nkeiruka Nwala, Deputy...

NASS Probes Alleged N40bn Fraud In NDDC The National Assembly (NASS) yesterday passed a resolution to investigate an allegation of N40 billion fraud against the...

Nigeria Spent N752bn On Subsidy In 2019   The federal government paid N752 billion as petrol subsidy in 2019, a report by the Nigerian National Petroleum...

Fed Govt Raises MDAs Operating Surplus To N916.87bn In a bid to secure alternative sources of funding, following the crash in crude oil price, the...

Eleven Banks Paid N8bn IT Levy In 2019     Eleven Nigerian banks paid about N8.08bn Information Technology-related levies to the government in 2019, the audited financial...

JAMB Remits N7bn To Federal Government     The Joint Admissions and Matriculation Board (JAMB) has returned N3.5billion to the Federation Account from the excess generated from...

COVID-19: AfDB Okays $10bn For Public, Private Sectors   The African Development Bank The African Development Bank (AfDB) says it will provide $10 billion in 2020...

Germany Grants Nigeria N8.9bn Debt Relief   The Republic of Germany said it had granted Nigeria debt relief amounting to N8.9bn (€22.4m) on account of the...

COVID-19: Private Sector Donations Hit N27.16bn   Total funds raised by the Private Sector Coalition Against COVID-19 rose to N27.16bn as of the end of April...

Afreximbank Unveils $3m COVID-19 Grant For African Countries   The African Export-Import Bank (Afreximbank) has announced a $3 million grant to complement efforts to combat the...

DBN Donates N100m To Fight COVID-19      Development Bank of Nigeria Plc says it has donated N100m to COVID-19 fight. A statement said the bank is a...

Investigate N5.4bn NDDC PPE Contract, Group Tells EFCC   A group, the Niger Delta Rights Advocate, has called on the Economic and Financial Crimes Commission to...

N50bn CBN Loans To SMEs, Others End 2024     The Central Bank of Nigeria has set December 31, 2024 exit date for its intervention loans to...

CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday   Barring any last-minute change in plans, the disbursement of the first tranche of the Central Bank of Nigeria...