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 May 2020 from N401.8 billion in the corresponding period of 2019. Similarly, the volume of cheque transactions declined by 63 percent...

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 and other Sub-Saharan countries of Africa, as the nations need $110 to manage the impact of COVID-19 pandemic. In its report...

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 13.5 million people. The Foundation in a statement on Monday said it set up the Anti-Substance Abuse Programme in 2018 hinged...

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 N490 billion in 2019, a 15.55 per cent over 2018 level of N413.8 billion. The outgoing Chairman, NIA, Tope Smart, at...

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 end of 2018 financial period to N136.05bn as of the end of 2019, latest statistics from the National Bureau of...

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 billion Targeted Credit Facility meant to cushion the impact of the COVID-19 on the economy. Also, its Business Expectations Survey Report...