In Five Months, Manufacturers Receive N459.69bn Of N1.169trn Loans — CBN
In Five Months, Manufacturers Receive N459.69bn Of N1.169trn Loans — CBN
Following the loans to deposition ration policy recently announced by the Central Bank of...
Report: Maritime Sector Operates Inefficiently, Despite N299.6bn Revenue
Report: Maritime Sector Operates Inefficiently, Despite N299.6bn Revenue
Experts at Afrinvest Research Limited have called on the federal government to maximise the huge economic potential...
FG Approves N42.7bn To Nigerian Airways Retirees, Public Varsities
FG Approves N42.7bn To Nigerian Airways Retirees, Public Varsities
The Federal Government has approved the payment of N42.7bn for the payment of retirement benefits to...
Debt Servicing Consumes Over 50% Of Nigeria’s Revenue, Says AfDB
Debt Servicing Consumes Over 50% Of Nigeria’s Revenue, Says AfDB
Debt servicing gulps more than 50 per cent of Nigeria’s revenue, the African Development Bank...
FG, Others Share N6.2tr Statutory Allocation Funds In 2017
FG, Others Share N6.2tr Statutory Allocation Funds In 2017
The Federal Government, 36 states and the 774 local government shared N6.2 trillion as statutory allocation...
SIM Boxing , Call Masking Fraud Costs Nigeria $3bn – NCC
SIM Boxing , Call Masking Fraud Costs Nigeria $3bn - NCC
The Nigerian Communications Commission has said the revenue lost to call masking and SIM...
N60bn Offered As Subscription Bonds By DMO
N60bn Offered As Subscription Bonds By DMO
The Debt Management Office has offered N60bn bonds for subscription in the Federal Government bond auction this month.
The...
Debt: FG Slashes Treasury Bills Issuance By N1.27trn
Debt: FG Slashes Treasury Bills Issuance By N1.27trn
As part of efforts to manage its debt profile, the Federal Government reduced the total Nigerian Treasury...
Naira Devaluation Inevitable, Rewane, Others Insist
The naira, which came under pressure last week following the partial deregulation of the downstream petroleum sub-sector, has to be devalued, with a flexible...
Uncertainties in Oil Market Threaten 2017 Budget
Implementation of 2017 Budget is under threat by uncertainties in the global oil market, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu,...
Support Flows For New Development Bank
The proposed Wholesale Development Bank has raised significant interest among global funding agencies with the World Bank pledging $500 million and the African Development...
Kwara’s IGR Collection Hits N17.4bn
The Executive Director, Kwara State Internal Revenue Service, Dr. Muritala Awodun, disclosed that the agency collected N17.4bn as Internally Generated Revenue in 2016.
He stated...
Bishop Urges Christians to Embrace Islamic Banking
A Bishop in the Dioceses of Chris Temple Ministry International, Bishop Goodluck Akpore, said opponents of Islamic Banking in Nigeria are ignorant of the...
Flexible Forex Delay: We Want To Get It Right-Bankers Committee
Rising from the 327th Bankers Committee meeting held in Abuja, the Central Bank of Nigeria (CBN) has said that the delay in rolling out...
CBN Unveils Guidelines for Non-interest MFBs
The Central Bank of Nigeria (CBN) has released a draft guidelines on the regulation and supervision of non-interest (Islamic) micro finance banks (MFBs) in...
In Six Months, DPR Collected N612bn Revenue – Report
In Six Months, DPR Collected N612bn Revenue - Report
The Department of Petroleum Resources (DPR) collected a total revenue of N612.73bn for services rendered in...
World Bank to support Nigerian mining sector with $150m
The World Bank has approved 150 million dollars credit to help increase the mining sector’s contribution to the Nigerian economy.
The Senior Communication Officer of the...
CBN Gets Buhari’s Nod On New Forex Regime
President Muhammadu Buhari has given the Central Bank of Nigeria (CBN) the go-ahead to introduce flexibility in the naira’s exchange rate.
The Senior Special Assistant...
FG Targets $30bn Annually From ‘MINE’ Project
FG Targets $30bn Annually From ‘MINE’ Project
The Federal Government has signed an agreement with investors on a project tagged: Made in Nigeria for Exports...
Banks Recorded N40.48trn E-transactions In Q2, 2019
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...
