Monetary

Farmers, processors, Others To Get N432bn – CBN     The Central Bank of Nigeria on Thursday said it plans to fund the value chains of nine...

AMCON Impounds Doggi Group’s Assets Over N440m Debt     The Asset Management Corporation of Nigeria has taken over assets belonging to the Chief Promoter of Doggi...

Buhari Orders Release Of N19.6bn For East-West Road Project   President Muhammadu Buhari, has directed that N19.67bn be released to fast-track the completion of section I-IV...

Farmers Lambast Ministry Over N13bn Pest Control Fund   Nigerian Farmers on Thursday lambasted the Federal Ministry of Agriculture and Rural Development for planning to spend...

N1.8trn Fund: We Received Only N58bn - Discos     Electricity distribution companies on Wednesday claimed that out of the N1.8tn intervention fund so far injected into...

In 14 Days, Kano Customs Seize N56.577m Contrabands     Federal Operations Units zone B of Nigerian Customs have seized smuggled goods with duty paid worth N56,577,500...

Lawmakers Question N475bn Spent On N-Power In Four Years   The House of Representatives’ Committee on Public Accounts wednesday queried the sum of N475 billion allegedly...

NSIA Invests N107bn In Presidential Fertiliser Initiative   The Nigeria Sovereign Investment Authority (NSIA) has invested N107 billion in Presidential Fertiliser Initiative (PFI). The agency plans to...

Maritime Contributing N7trn Yearly To Economy – Shipper’s Council     The maritime transportation industry is contributing about N7tn to the national economy annually, the Nigerian Shippers’...

Customs Rake In N3.2bn From Seizures In Katsina     The Nigerian Customs Service, NCS, Border Drill Operation Sector 4, Katsina, said it seized various goods with...

Fed Govt Needs $100bn Investment In Roads – IMF     The International Monetary Fund has said Nigeria needs to invest $100bn in its road network to...

Nigeria Loses $29bn Yearly To Power Sector Failure – Lawan   The President of the Senate, Ahmad Lawan, said on Monday that Nigeria was losing an...

COVID-19: AfDB Forecast $88.3bn Drop In Africa’s GDP     The African Development Bank (AfDB) has projected that the ongoing Coronavirus (COVID-19) pandemic ravaging economies globally could...

Fed Govt received N1.68bn For COVID-19 Battle     The Federal Government on Monday announced that a total of N1,689,757,489.87 was received as COVID-19 eradication support donations...

With More Transparency, Nigeria Recovers $3bn from Oil Sector - W/Bank     The World Bank and the Extractive Industries Transparency Initiative (EITI), the global standard for...

Nigeria’s Collective Investment Funds Rise To N1.32trn     Total net asset of collective investment schemes and funds in Nigeria has risen to N1.322 trillion, according to...

COVID-19: Insurers Lose $500m Aviation Business   Insurance firms have lost $500 million or N1.88 billion in aviation business, The Nation has learnt. This loss is a...

Nigeria Exported N32bn Worth Of Electricity In 2019 — NERC     The Republics of Togo, Niger and Benin received a total invoice of N32.04bn for the...

Senate Queries Aviation Ministry Over N174m Payment To Contractor   The Senate Committee on Public Accounts on Thursday queried the Federal Ministry of Aviation over payment...

In One Year, Senate Approved $28bn Foreign Loans – Lawan     The President of the Senate, Ahmad Lawan, has listed the approval of a total sum...