Monetary

N651.77bn Generated From VAT In Six Months – NBS     A total of N651.77bn was generated from Value Added Tax in the first half of 2020,...

I remitted N329bn Into NNPC Accounts, Says Magu     The suspended acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, says he remitted N329bn...

Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists     Three neighbouring countries bought a total amount of electricity worth $81.48bn from Nigeria in the...

Fed Govt Spent N292.38bn On Pension, Gratuities In 2019 – CBN     The Federal Government spent a total of N292.38bn on pension and gratuities of its...

DisCos’ Revenue Collection Hit N127bn In Q1   Power distribution companies in the country saw their revenue collection rise a record N127bn in the first three...

Banks Cancel N1.9trn Bad Loans     Commercial banks have written off N1.9 trillion bad loans from their books in the last four years, a report by...

Non-oil Export Earnings Rise To $1.21bn     Non-oil export earnings through banks rose to $1.21bn in the first quarter of 2020. The Central Bank of Nigeria disclosed...

In 2019, Nigeria Lost $1.4bn To Chemical Importation – NARICT   The Director-General, National Research Institute for Chemical Technology (NARICT), Zaria, Prof. Jeffrey Barminas, said that...

MAN, LCCI Decry Inaccessible N50bn COVID-19 Loan     Many Micro, Small and Medium Enterprises who are members of the organised private sector have decried their inability...

CBN Disburses N635.39bn To Commercial Farmers     The total amount disbursed to farmers under the Commercial Agriculture Credit Scheme from inception in 2009 rose to N635.39bn...

In Six Months, Telecom Stocks Gained N366bn     Shareholders of telecommunications services companies quoted on the main and premium boards of the nation’s stock market recorded...

Fed Govt Approves N10.5bn For Ports   The Federal Government yesterday approved projects in two memoranda worth above N10.5 billion for the Nigerian Customs Service (NCS). The...

OPS Demands Account For N35trn Debt In Ten Years     The Organised Private Sector (OPS), has challenged the Federal Government to give a proper account for...

Fed Govt Plans N4.28trn Loan For N12.66trn 2021 Budget     The Federal Government has proposed N12.66tn as aggregate expenditure for the 2021 fiscal year on a...

Pension Fund Assets Hit N10.8trn   Pension fund assets under the Contributory Pension Scheme (CPS) rose to N10.8 trillion in May, growing by N330 billion from...

NEXIM Bank Refutes N50bn Fraud Allegation Against MD   The Nigerian Export-Import Bank (NEXIM), has refuted the fraud allegations made against its Managing Director and Chief...

Healthcare Intervention Gulps N26.28bn - CBN     About 20 projects valued at N26.28bn have been funded under the N100bn Central Bank of Nigeria credit support intervention...

Credit To Economy Rises By 21.5% To N18.9trn     The Central Bank of Nigeria (CBN), yesterday, disclosed that total gross credit to the economy grew by...

Fed Govt Releases N995.665bn For 2020 Capital Projects     The federal government has so far released a total of N995.665 billion to finance capital projects in...

FG, States, LGs’ Borrowing From Banks Now N954.27bn   Bank loans to the different levels of government and the national economy have continued to grow steadily...