Monetary

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...

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 Resort Savings & Loans Plc has expressed its preparedness to play a dominant role in the country’s mortgage banking...

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

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...

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     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   The Nigeria Customs Service, Federal Operations Unit, Zone A, has announced the interception of N67m worth of...

...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   There are indications that the projected increase in bunker fuel oil may cause significant increase...

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 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     With ₦234 billion disbursed to 10,145 enterprises, thus facilitating the creating of an estimated 1 million...

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...

‎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   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 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   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   Wapic Insurance Plc has revealed its plans to raise N5.9bn through a rights issue. This comes after the recent...

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...