Currency In Circulation Rises By N11.38bn In One Month     The total currency in circulation in the country rose to N2.3tn as of April 30 from N2.29tn on March 31, 2020. Latest statistics obtained from the Central Bank of Nigeria on Thursday indicated a rise of about...

FG Okays N479bn For Agric Mechanization, N47.9bn For Others   The Federal Executive Council (FEC) on Wednesday approved a $1.2 billion loan facility to finance the mechanisation of agriculture nationwide. This is even as the Council also approved N683 million for the Nigerian Ports Authority for the...

FEC Okays N47.2bn To Boost Electricity Supply     The Federal Executive Council on Wednesday approved N47.2bn to boost power supply in the country. It will supply additional 40 megawatts of power to the national grid, according to the Minister of Power, Mr Sale Mamman. He told State House...

Total Pension Assets Rise To N10.5trn     The total assets under the Contributory Pension Scheme rose to N10.5tn as of the end of February 2020. Figures obtained from the National Pension Commission on Tuesday revealed that the funds which stood at N10.21tn as of the end of...

Reps Pass Buhari’s N850bn Domestic Loans Request     The House of Representatives on Tuesday passed President Muhammadu Buhari’s request to raise N850 billion in new external borrowing in the 2020 Appropriation Act from the domestic capital market. This was after the House considered the request in the...

CACOVID Spends N16bn On Medical Resources   The Central Bank of Nigeria (CBN)-led Private Sector Coalition Against COVID-19 (CACOVID) has spent over N16 billion on procuring essential medical resources to fight coronavirus (COVID-19) pandemic in Nigeria, the group said at the weekend. The group has as at...