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Tuesday, July 14, 2020

CBN, Dangote Plan N120bn COVID-19 Fund, Rabiu, Elumelu Donate N6bn

CBN, Dangote Plan N120bn COVID-19 Fund, Rabiu, Elumelu Donate N6bn   The Central Bank of Nigeria and the private sector, led by Aliko Dangote Foundation and...

CBN to Sell $230 Million in Forex Fowards, Intervenes on Spot Market

The Central Bank of Nigeria (CBN) will auction $230 million in forward contracts on the official market on Thursday after selling $370 million this...

N8bn Investment Secured By Resort Savings

N8bn Investment Secured By Resort Savings Resort Savings & Loans Plc has expressed its preparedness to play a dominant role in the country’s mortgage banking...
Heritage Bank

Court, CBN Asked to Wind Up Heritage Bank Over Insolvency, Distress

The Federal High Court in Abuja and the Central Bank of Nigeria (CBN) have been asked to wind up and revoke the operational licence...
dollars

Nigeria Set to Overturn P&ID’s $9.6bn Claim

Nigeria Set to Overturn P&ID’s $9.6bn Claim …As UK Court okays FG’s Plea   The Nigerian Government has moved closer to overturning the US$9.6 billion judgement debt...

Re: CBN on Banks’ Executive Remuneration and Rating Agencies

The CBN has noted two stories, first in The Punch alleging that the CBN may reduce bank executives’ remuneration and the second in The...

Real Estate, Construction Firm’s Non-performing Loans Now N136.05bn

Real Estate, Construction Firm’s Non-performing Loans Now N136.05bn     The total non-performing loans of real estate and construction firms rose by N33.31bn from N102.74bn at the...

Customs Intercepts N67m contraband In Just One Week

Customs Intercepts N67m contraband In Just One Week   The Nigeria Customs Service, Federal Operations Unit, Zone A, has announced the interception of N67m worth of...

Foreign Banks Threaten to Put 8 Lenders on Watch List

...MDs to partner CBN to resolve FX issue ...Wigwe heads bank CEOs’ body ...Naira plummets to N410/$ If the Central Bank of Nigeria (CBN) does not rescind...

Nigeria, Others To Lose $240bn To Spike In Freight Charges

Nigeria, Others To Lose $240bn To Spike In Freight Charges   There are indications that the projected increase in bunker fuel oil may cause significant increase...

Lawmakers To Probe $27bn Oil Revenue Loss

Lawmakers To Probe $27bn Oil Revenue Loss The House of Representatives has resolved to investigate Nigeria’s loss of $27bn oil revenue to international oil companies...

With N47bn Budget For National Carrier, Analysts Demand Roadmap

With N47bn Budget For National Carrier, Analysts Demand Roadmap Aviation analysts have demanded from the federal government the roadmap for the planned national carrier, Nigeria...

BoI Records N39.33bn Profit, Disburses N234bn To 10,145 Enterprises

BoI Records N39.33bn Profit, Disburses N234bn To 10,145 Enterprises     With ₦234 billion disbursed to 10,145 enterprises, thus facilitating the creating of an estimated 1 million...

Stamp Duty Revenue Projection Reduced To N200bn

Stamp Duty Revenue Projection Reduced To N200bn     The FIRS said it has deployed technology to increase its tax base as well as improve the collection...
Godwin Emefiele CBN Governor

CBN Hints on Plans to Restructure Commercial Agricultural Credit Scheme

‎The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has disclosed that the apex bank, under its Commercial Agricultural Credit Scheme (CACS) has...

CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday

CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday   Barring any last-minute change in plans, the disbursement of the first tranche of the Central Bank of Nigeria...

Manufacturers Condemn N20bn Annual Losses To Poor Infrastructure

Manufacturers Condemn N20bn Annual Losses To Poor Infrastructure   Manufacturers Association of Nigeria (MAN), has decried the huge decay in infrastructural facilities in the industrial zones...

FG Okays N479bn For Agric Mechanization, N47.9bn For Others

FG Okays N479bn For Agric Mechanization, N47.9bn For Others   The Federal Executive Council (FEC) on Wednesday approved a $1.2 billion loan facility to finance the...

Recapitalisation: Wapic Insurance Wants N5.9bn Capital Raise

Recapitalisation: Wapic Insurance Wants N5.9bn Capital Raise   Wapic Insurance Plc has revealed its plans to raise N5.9bn through a rights issue. This comes after the recent...
cbn

Forex Utilization: CBN Disburses $2.83 bn in 2 Months

The Central Bank of Nigeria (CBN) has disbursed the sum of $2.83 billion for forex utilization in the critical sectors of the economy between...
Live Covid-19
United States 3,479,483
Cases: 3,479,483
Deaths: 138,247
Recovered: 1,549,469
Active: 1,791,767
Brazil 1,887,959
Cases: 1,887,959
Deaths: 72,921
Recovered: 1,213,512
Active: 601,526
India 907,645
Cases: 907,645
Deaths: 23,727
Recovered: 572,112
Active: 311,806
Russia 733,699
Cases: 733,699
Deaths: 11,439
Recovered: 504,021
Active: 218,239
Peru 330,123
Cases: 330,123
Deaths: 12,054
Recovered: 221,008
Active: 97,061
Chile 317,657
Cases: 317,657
Deaths: 7,024
Recovered: 286,556
Active: 24,077
Mexico 304,435
Cases: 304,435
Deaths: 35,491
Recovered: 189,063
Active: 79,881
Spain 303,033
Cases: 303,033
Deaths: 28,406
Recovered:
Active: 274,627
United Kingdom 290,133
Cases: 290,133
Deaths: 44,830
Recovered:
Active: 245,303
South Africa 287,796
Cases: 287,796
Deaths: 4,172
Recovered: 138,241
Active: 145,383
Iran 259,652
Cases: 259,652
Deaths: 13,032
Recovered: 222,539
Active: 24,081
Pakistan 251,625
Cases: 251,625
Deaths: 5,266
Recovered: 161,917
Active: 84,442
Italy 243,230
Cases: 243,230
Deaths: 34,967
Recovered: 195,106
Active: 13,157
Saudi Arabia 235,111
Cases: 235,111
Deaths: 2,243
Recovered: 169,842
Active: 63,026
Turkey 214,001
Cases: 214,001
Deaths: 5,382
Recovered: 195,671
Active: 12,948
Germany 200,436
Cases: 200,436
Deaths: 9,139
Recovered: 185,100
Active: 6,197
Bangladesh 186,894
Cases: 186,894
Deaths: 2,391
Recovered: 98,317
Active: 86,186
France 172,377
Cases: 172,377
Deaths: 30,029
Recovered: 78,597
Active: 63,751
Colombia 154,277
Cases: 154,277
Deaths: 5,455
Recovered: 65,809
Active: 83,013
Canada 108,155
Cases: 108,155
Deaths: 8,790
Recovered: 71,841
Active: 27,524
Qatar 104,016
Cases: 104,016
Deaths: 149
Recovered: 100,627
Active: 3,240
Argentina 103,265
Cases: 103,265
Deaths: 1,903
Recovered: 44,173
Active: 57,189
China 83,605
Cases: 83,605
Deaths: 4,634
Recovered: 78,674
Active: 297
Egypt 83,001
Cases: 83,001
Deaths: 3,935
Recovered: 24,975
Active: 54,091
Iraq 79,735
Cases: 79,735
Deaths: 3,250
Recovered: 46,998
Active: 29,487
Indonesia 76,981
Cases: 76,981
Deaths: 3,656
Recovered: 36,689
Active: 36,636
Sweden 75,826
Cases: 75,826
Deaths: 5,536
Recovered:
Active: 70,290
Ecuador 68,459
Cases: 68,459
Deaths: 5,063
Recovered: 30,369
Active: 33,027
Belarus 65,114
Cases: 65,114
Deaths: 468
Recovered: 55,492
Active: 9,154
Belgium 62,707
Cases: 62,707
Deaths: 9,782
Recovered: 17,196
Active: 35,729