Monetary

Discos: We Need N8.7bn To Meet NERC’s Order     Power distribution companies on Wednesday announced that they would require N8.7bn in order to comply with the...

DMO Set To Auction N125bn Bonds Next Week   The Debt Management Office has said the Federal Government will auction N125bn worth of bonds by subscription...

Nigerians Spend $8bn Annually On Vehicle Importation – Osinbajo   Vice President Yemi Osinbajo said in Abuja that Nigerians spent about $8bn, annually, on importation of...

IMF Not Troubled About Nigeria’s Debt - Adeosun   The Minister of Finance, Mrs. Kemi Adeosun, has said that the International Monetary Fund is not troubled...

Nigeria: Going Beyond N9trn Asset With Pencom's Micro-Pension Plan   A significant growth in the pension industry's asset size beyond the current value of N9.03 trillion...

FG Earmarks N61bn For Nigeria-Siemens Power Pact   The Federal Government has set aside the sum of N61bn for the Nigeria Electrification Road map to be...

NIRSAL Recieves Fresh N4.5bn From 3 Banks For Farmers The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from...

The Central Bank of Nigeria (CBN) has said it is working on a policy that will ensure that bank customers involved in electronic fraud...

First Bank of Nigeria Limited says it has received the approval of the Central Bank of Nigeria to commence the sale of foreign exchange...

SON To Destroy N38m Worth Of Substandard Roofing Sheets The Standards Organisation of Nigeria is set to destroy N38m worth of substandard roofing sheets found...

The Treasury bills market traded slightly bearish on Wednesday with yields up by 30 basis points on the average. This development, analysts at Vetiva Capital...

AfDB Okays $20m For Nigeria, Others   The board of directors of the African Development Bank has approved a $20m investment in the Metier Sustainable Capital...

Foreign Airlines Earned N288bn From Nigerian Market In Q1 Foreign airlines sold tickets worth $800 million (N288 billion) in the first half of 2018, according...

Discos Revenue Collection Increases To N466bn   The collection of revenue from users of electricity across the country by power distribution companies has increased to N466bn,...

Despite $1.6bn Intervention, Grid Records 100 System Collapses   Power distribution companies have said that the country’s electricity grid has suffered nine system collapses this year...

FG Earmarks N3.79bn For Ajaokuta Steel Company   The Federal Government has allocated a total of N3,796,479,657 to the Ajaokuta Steel Complex for 2020. The company has...

EU Releases €1bn For Quality Standards In ECOWAS   The European Union on Monday said it had provided development assistance of over €1bn to support the...

DPR Decries Oil Theft, Generates N2.4trn In One Year   The Department of Petroleum Resources has lamented the high rate of crude theft in the country. The...

The Nigerian Stock Exchange (NSE) has been hit by the foreign exchange crisis as the continued depreciation of the local currency, naira, against the...

Uncertainty over the Central Bank of Nigeria’s planned exchange rate policy has continued to rattle the foreign exchange market. The local currency dropped against the...