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 deficit of N5.16tn. It would be partly financed by a total loan package of N4.28tn while the rest would be from...

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 the N10.577 trillion recorded the previous month. The number of Retirement Savings Account (RSA) holders grew to 9,016,324 in the period...

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 Executive, Abba Bello, by a group known as Citizens Committee for Corruption Free Nigeria (CCCN). According to the Bank, a social...

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 for the healthcare industry, the Governor of the apex bank, Godwin Emefiele, said on Monday. The CBN also said it had...

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 N3.3 trillion or 21.5 per cent to N18.9 trillion at the end of June 2020, from N15.56 trillion recorded previous...

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 the 2020 Budget, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed in Abuja, Monday. She made the...