Monetary

Gencos Got N81.14bn Payment Assurance In 2020 – NERC       Power generation companies received N81.14bn as payment assurance from the Nigeria Electricity Bulk Trading Plc in...

Companies May Raise N1trn Corporate Debts In 2021       Commercial banks, international oil companies (IOCs), multinational companies, leaders in fast-moving consumer goods (fmcg) and financial technology...

Customs Rakes In N16m In Eighteen Months       The Nigeria Customs Service (NCS) Joint Border Patrol Team Sector three has disclosed that it raked in over...

Customs Seize Cannabis, Others Worth N412.78m       The Nigeria Customs Service, Seme Command, has intercepted a total of 232 parcels of Cannabis Sativa with a duty...

FCT Councils, Others Share N3.7bn In February       The Federal Capital Territory (FCT) administration has disbursed a total sum of N3.736 billion in February as against...

Fed Govt Recovers N49.7bn Out Of N5.2trn Debt - Ahmed     The Minister of Finance, Budget and National Planning, Zainab Ahmed has disclosed that the Federal...

Niger Delta Group Supports FG On $1.5bn P/Harcourt Refinery Repair       The Niger Delta Non-Violence Agitators Forum has said the opposition to the $1.5bn proposed by...

Nigeria Spends $1.5bn Annually On Dairy Products       The Minister of Agriculture and Rural Development, Alhaji Sabo Nanono yesterday said, the country still imports 60 per...

N4.7trn Debt: AMCON Pays N2trn To CBN       The Asset Management Corporation of Nigeria (AMCON) has repaid N2 trillion out of its N4.7 trillion commitment to...

$1.5bn For P/Harcourt Refinery Rehabilitation Outrageous – Reps Caucus       The minority caucus in the House of Representatives has rejected the $1.5bn approval for rehabilitation of...

We Recovered N1bn Debit Notes From Importers, Shippers - NCS       The Comptroller General of the Nigeria Customs Service (NCS), Strike Force Unit says it has...

Senate Demands Details Of $1.5bn, €995m Agriculture Loans       The Senate Committee on Local and Foreign Debts on Tuesday asked the ministries of Agriculture, Finance and...

We Borrowed $2.5bn From China For Lagos-Ibadan Rail - Amaechi     The Minister of Transportation, Rotimi Amaechi, has said the Federal Government borrowed about $2.5 billion...

Customs Target N1.4trn Revenue As House Insists On N1.68trn       The House of Representatives Committee on Customs has retained N1.68 trillion as proposed projected revenue in...

Discos Failed To Pay N510.53bn In 2020, Says NERC       Power distribution companies in the country failed to pay a total of N510.53bn for the electricity...

Senate Summons NNPC Again, Cites Non-remittance Of N4.07trn       The Senate Public Accounts Committee has again summoned the management of the Nigerian National Petroleum Corporation over...

CBN Disburses N94.34bn COVID-19 Healthcare Funds       The Central Bank of Nigeria has disbursed N94.34bn out of the N100bn credit intervention for the healthcare industry which...

N228bn Oil, Gas Fabrication Facility Rots In Lagos Creek       An oil and gas drilling and production fabrication facility worth $600 million (about N228 billion) is...

Consumers Paid N542.73bn To Discos In 2020 – NERC       Consumers across the country paid a total of N542.73bn to power distribution companies as electricity bill...

CBN Disburses N1.487trn To Boost Food Security       The Central Bank of Nigeria (CBN) has disbursed N1.487 trillion under its various agricultural programmes to boost food...