Currency In Circulation Rises To N2.39trn     Currency in circulation rose by N95.13bn from N2.29tn at the end of June to N2.39tn in July, according to the latest statistics obtained from the Central Bank of Nigeria on Thursday. The CBN data showed that currency in circulation, which...

Reps Summon Adeosun, Ahmed, Farouq Over N1.7trn NSIP Fund     The House of Representatives has summoned a former Minister of Finance, Mrs Kemi Adeosun; the incumbent Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed; and the Minister of Humanitarian Affairs, Disaster Management and Social...

FG Liability In Defunct PHCN Now N823bn, Says NELMCO     The Nigeria Electricity Liability Management Company on Thursday said it had helped the Federal Government to save N91bn out of a total liability of N914bn of the defunct Power Holding Company of Nigeria. This leaves the government...

CACOVID Shares N23bn Palliatives To 10m Nigerians     Nigeria’s private sector led Coalition Against COVID-19 (CACOVID) yesterday announced the flag-off of a nationwide distribution of multi-billion naira food palliatives and other relief items to mitigate the adverse effects of the coronavirus pandemic on vulnerable Nigerians. The food...

Total Loans To Businesses Hit N18.9trn In One Year   Total gross credit for various transactions in Nigeria rose by N3.33 trillion from N15.56 trillion at end-May 2019 to N18.90 trillion at end-June 2020. These credits were largely recorded in manufacturing, consumer credit, general commerce, and information...

In 13 Months, Nigerians Spent N2.37trn On petrol – NNPC   In 13 months, Nigerians spent N2.37tn on petrol imported into the country by the Nigerian National Petroleum Corporation, data released by the corporation have shown. The corporation said on Wednesday that its total revenue generated from...