Monetary

Customs Intercepted Contrabands Worth N1. 177bn In Q1, 2020   The Nigeria Customs Service (NCS), Ogun Area Command I, has disclosed that it intercepted contrabands with...

Private Sector COVID-19 Support Fund Now N25.893bn   The Private Sector Coalition Against COVID-19, a special purpose vehicle created by the Central Bank of Nigeria (CBN)...

CBN Plans N15trn InfraCo Fund For Rollout In 12 Months   The Central Bank of Nigeria (CBN) is planning to establish $39 billion (N15 trillion) InfraCo...

Banks Recorded N11.44trn Online Payments In March   Bank customers carried out a total of N11.44tn worth of financial transactions on the Point of Sales and...

Discos, Gencos Deny Knowledge Of FG’s N200bn Payment   Power generation and distribution companies on Thursday said they were unaware of any N200bn that was paid...

Dangote-led Flood Committee Donates N1.5bn to fight COVID 19 Pandemic     Bothered with the increasing trend and spread of Covid 19 pandemic, the Presidential Flood Relief...

Power Sector Lost N65.56bn In March     The nation’s power sector lost an estimated N65.56bn in March due to constraints from insufficient gas supply, distribution and...

Onne Customs Rakes In N22.9bn In Q1     The Nigeria Customs Service, Area II Command, Onne Port, has announced a total revenue generation of N22.9bn between...

CBN To Promote N15trn Infrastructure Company     The Central Bank Governor, Godwin Emefiele, has said that the country will support InfraCo Plc, a world-class infrastructure development...

MDAs Remitted N1.5trn Operating Surplus In 11 Years — FRC   A total of N1.551tn operating surplus of some revenue generating agencies of government was remitted...

80,000 Apply For CBN’s N50bn COVID-19 Intervention Fund   Three weeks after the Central Bank of Nigeria released the guidelines for the N50bn targeted credit facility,...

How To Access N50bn COVID-19 Intervention Fund – CBN     The Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its...

Tin-Can Customs Rake In N31.7bn In March     Tin-Can Island Port Command of the Nigeria Customs Service (NCS) says it generated a total of N31.7 billion...

AfDB Offers Nigeria, Others $10bn Facility     The African Development Bank Group on Wednesday said it had created a COVID-19 response facility up to $10bn to...

W/Bank Supports Nigeria’s Public Health Sector With $82m   The World Bank says that it has made $82m available to strengthen Nigeria’s public health response to...

FG To Cut FIRS’ N8.5trn Target   The Federal Government is revising the non-oil revenue projections, including various tax and customs receipts. This means the N8.5trillion target...

Nigeria Needs $6bn To Develop 5m tons LPG Infrastructure     At least $6 billion is required to develop infrastructure to enable Nigeria achieve the 2023 target...

22 Banks Facilitated $23.9bn Investments In Nigeria — NBS   A total of 22 banks facilitated the $23.9bn investment which the economy attracted in the 2019...

Banks Recorded N1.05trn Bad Loans In 2019 – NBS   Banks’ non-performing loans amounted to N1.05tn as of December 2019, the National Bureau of Statistics said...

BoI Records N39.33bn Profit, Disburses N234bn To 10,145 Enterprises     With ₦234 billion disbursed to 10,145 enterprises, thus facilitating the creating of an estimated 1 million...