With N66bn Uncollected Revenue, FG Assures Discos Favorable Policies   The federal government has said it will initiate new policies to help electricity distribution companies (Discos) improve on their tariff collection levels. It also promised to consistently provide them with cost-reflective electricity tariff to enable the sector...

Banks Recorded N40.48trn E-transactions In Q2, 2019   A total volume of 711.29 million transactions valued at N40.48tn were recorded in second quarter of 2019 as data on electronic payment channels in the Nigeria Banking sector revealed. The National Bureau of Statistics disclosed this in its 2019...

Banks Non-performing Loans Stood At N1.44trn In Q2 - NBS   The total non-performing loans in the banking sector stood at N1.44trn at the end of the second quarter of 2019. This is about 9.3 per cent of the total loans in the sector. Latest statistics revealed...

Nigeria’s Exports Rise By N10.57trn In 2 Years   Nigeria’s exports between 2016 and 2018 witnessed a significant rise. However, the dominance of crude oil in the nation’s exports sector raises concern among experts. The value of Nigeria’s exports rose by N10.56tn between 2016 and 2018, reflecting...

Banks Fail To Account For Nigeria’s $7bn Reserves 13 Years After Collection   There are strong indications that a huge chunk of the $7bn reserves which the Central Bank of Nigeria under a former Governor Charles Soludo gave to 14 banks had yet to be repaid...

Payments To Failed Banks’ Depositors Now N116.2bn – NDIC   Nigerian Deposit Insurance Corporation (NDIC) The Nigerian Deposit Insurance Corporation (NDIC) has said it will apply more stringent supervisions of banks going forward in partnership with the Central Bank of Nigeria (CBN). This is even as...