Credit To Private Sector Increases By N6.4trn In 11 Months   With banks increasing interventions in the real sectors, credit to private sector increased to N41.58 trillion in November 2022 from N40.84 trillion in October, the latest Central Bank of Nigeria (CBN) “Money and Credit” statistics...

World Bank to CBN: Review RT-200 FX Policy to Stabilise Economy The World Bank has requested the Central Bank of Nigeria to reconsider its RT-200 Programme. The global bank stated that despite CBN's good intentions, the policy has created an additional foreign exchange window further worsening...

FG Approves N386.75bn for Works, Power, Transport Ministries The Federal Executive Council has approved a total of N386.75 billion for various projects in the federal ministries of Power, Police Affairs, Environment, Works and Housing and Transportation. The various ministers on Wednesday revealed the respective memorandum approved...

Court Orders Interim Forfeiture of $899,900, N304.5m, 15 Properties Recovered From Ex-AGF, Ahmed Idris   A Federal Capital Territory High Court has ordered the interim forfeiture of monies and properties recovered from a former Accountant General of the Federation, Ahmed Idris, by the Economic and Financial...

Senate Probes Accountant-General Over Alleged N978bn From SWVs   The Senate on Tuesday began probing the Office of the Accountant-General of the Federation over the N978billion it allegedly received from the Service Wide Votes (SWV), between 2017 and 2021. The said N978billion comprises both capital and recurrent...

How We Seized 5,500 Tons Of Drugs Worth N450bn In 22 Months - Marwa     The Chairman of the National Drug Law Enforcement Agency, NDLEA, Brig. Gen. Mohamed Buba Marwa (rtd), has disclosed that the Agency has in 22 months seized over One Hundred Million pills...