Monetary

Senate Probes FCC Over Alleged NPA Job Sold For N3m

Senate Probes FCC Over Alleged NPA Job Sold For N3m   The Senate Committee on Federal Character Commission and Inter- Governmental Affairs said on Monday that it would soon begin the probe of the alleged sales of the Nigerian Ports Authority appointment letters. The panel alleged that...

Investment Commitments Drops By $60.99bn In 2019 – NIPC

Investment Commitments Drops By $60.99bn In 2019 – NIPC   The Nigerian Investment Promotion Commission said that the country recorded investment commitments of $29.91bn in the 2019 fiscal period. The amount is $60.99bn or 67 per cent less than the $90.89bn that was tracked in 2018. It attributed...

FG Generates N151bn From 11.53m e-Passport Booklets

FG Generates N151bn From 11.53m e-Passport Booklets   Since the Federal Government started issuing e-Passports in 2007, the project which has been implemented with a private sector partner has fetched more than N151.45bn. Since the Federal Government started issuing electronic passports, it has garnered over N151.45bn through...

CBN Refunds Over N60bn Excess Bank Charges To Customers

CBN Refunds Over N60bn Excess Bank Charges To Customers   The Central Bank of Nigeria (CBN) on Thursday said it has so far recovered over N60 billion from erring banks as excessive charges imposed on customers. The bank also said it has equally returned same amount to...

Nigeria, Others Lose $2.3bn To Maritime Crime In Two Years

Nigeria, Others Lose $2.3bn To Maritime Crime In Two Years   The littoral states in the Gulf of Guinea Region, that is West Africa and its trading partners lost about $2.3billion to Maritime Crimes between 2016 and 2018, the Director General of the Nigerian Institute of...

NIRSAL Facilitates N102bn Loans, Creates 400,000 Jobs

NIRSAL Facilitates N102bn Loans, Creates 400,000 Jobs   The Managing Director/Chief Executive Officer of Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL), Mr. Aliyu Abdulhameed, on Thursday said the company has facilitated over N102 billion as loans from commercial banks for the various Agricultural Value...