CBN Bars Payment Of Interest On Bank Deposits Above N2bn
The Central Bank of Nigeria has said the remunerable daily placements by banks at the Standing Deposit Facility will not exceed N2bn.
It stated this in a circular, titled ‘Guidelines on accessing the CBN Standing Deposit...
Nigeria Loses $12bn Annually To Oil Theft, Stakeholders Seek FG Action
Nigeria loses between $7 billion and $12 billion to crude oil theft annually, a study by the Nigeria Natural Resource Charter (NNRC) has found, prompting reactions from stakeholders on the implications for the country’s...
Customs Rakes In N203.3bn In Apapa, N6.7bn In Ogun
The Apapa Area Command of the Nigeria Customs Service has said it generated total revenue of N203.3bn in the first half of the year.
The Customs Area Controller, Apapa Area Command, Mohammed Abba-Kura, disclosed this during a...
Nigeria Secures $7bn Deal From African Investment Forum — AfDB
Nigeria accounted for $7bn of the $38.7bn inflows that were secured for the African continent at the maiden edition of the African Investment Forum, which held in South Africa in November 2018, the African Development...
Power Distributors Owe TCN, Others N263bn
Power distribution companies owe service providers, including the Transmission Company of Nigeria, a total of N263bn, our correspondent has learnt.
The service providers in the power sector are the Nigerian Electricity Regulatory Commission, the Nigerian Bulk Electricity Trading Plc, the...
FG Targets $1bn Revenue From New Gas Flare Policy
The federal government has said its new gas flare out plan – the Nigeria Gas Flare Commercialisation Programme (NGFCP) – has the capacity to improve the country’s Gross Domestic Product (GDP) by $1bn annually.
It also has...
