Monetary

Rivers, Lagos Lead As States Domestic Debts Hit N4.1trn   The total domestic debts for the 36 states of federation and the Federal Capital Territory stood...

Ngige Approved N3.4bn NSITF Training Fund - Management     The embattled former management of the Nigeria Social Insurance Trust Fund has said all training, contracts and...

African Risk Capacity Grants $2.13m to Madagascar for Drought Response   Madagascar Minister of Finance, Minister of Foreign Affairs, Minister of Agriculture and ARC Partners during...

In Ten Year, Nigeria Attracted $8bn PPP Project Investments – ICRC     Public Private Partnerships (PPP) projects have attracted about $8bn (about N2.8trn) to Nigeria in...

AMCON Takes Over Pan Ocean Assets Over N240bn Debt   The Federal High Court, presided over by Justice A.M. Liman, in the suit between the Asset...

FG Okays N18.9bn For Roads, Lagos Airport Runaway Contracts     The Federal Executive Council on Wednesday approved contracts totalling about N18.9bn at its virtual meeting presided...

US Development Bank Invests $530m In Nigerian Projects     The United States International Development Finance Corporation says it has invested $530m in Nigeria’s agriculture, financial institutions,...

In 190 Days, Customs Generate N1.1bn From Undervalued Goods     The Nigeria Customs Special Strike force in Zone ‘A’ has raised a Debit Notes (DN) worth...

FG Hopeful Of $5.7bn Investment From Marginal Fields     If the Federal Government succeeds with its on-going bid rounds for the 57 marginal oilfields being offered...

Nigeria, Other African Oil Exporters’ll Lose $34bn – IMF   The impact of the COVID-19 pandemic is estimated to cost Nigeria and other oil exporters in...

Chinese Bank, Sinosure To Fund $2.6bn Ajaokuta-Kano Pipeline     The Bank of China and Sinosure, a Chinese export and credit insurance corporation, are to fund the...

Cheque Transactions Drop By 56% To N178bn In May   The value of cheque transactions fell sharply year-on-year (YoY) by 55.7 percent to N178 billion in...

COVID-19: Nigeria, Ghana, Others Need $110bn - IMF     The International Monetary Fund on Monday said there was urgent need for international financial support to Nigeria...

MTN Invests N247m In Fight Against Substance Abuse   MTN Foundation says it has invested an estimated sum of N247m in anti-substance abuse campaign and impacted...

Insurance Generates N490bn In 2019 Financial Year   The Nigerian Insurers Association (NIA), has revealed that the volume of business written by the industry rose to...

Real Estate, Construction Firm’s Non-performing Loans Now N136.05bn     The total non-performing loans of real estate and construction firms rose by N33.31bn from N102.74bn at the...

CBN Disburses N49bn COVID-19 Intervention Fund To 80,000 Beneficiaries     The Central Bank of Nigeria (CBN) has so far disbursed N49 billion out of its N50...

$2bn Power Project: Fresh Threats, As FG, Siemens Take Conflicting Positions     Barely one year to delivery, the Nigerian Electricity Road Map project under the Presidential Power...

We Lose N30bn Monthly To Vandalism, Theft, Others – Discos   Electricity distribution companies have said they lose over N30bn of their monthly revenue due to...

In Five Months, Customs Generate N573bn     The Senate on Thursday asked the Nigerian Customs Service to exceed its N957bn revenue target contained in the revised...