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Abuja
Tuesday, December 10, 2019

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...
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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...
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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...