Despite Economic Challenges, Banking Sector Has Remained Resilient - CBN
Despite challenges in the economy, the Nigerian banking system has remained sound and resilient, according to the Central Bank of Nigeria (CBN).
The CBN disclosed this in a statement by a member of the Monetary Policy...
Anchor Borrowers: CBN Says Farmers Repaid N503bn, Faults IMF’s Poor Rating
The Central Bank of Nigeria has disclosed that farmers under the Anchor borrowers programme have repaid N503bn representing 52.39 per cent owed as of February 2023.
The Anchor Borrowers Programme was established in 2016, is...
Banks’ Credit To Govt Rises By N11trn
Banks credit to the government rose by N11.75tn in one year, figures obtained from the Central Bank of Nigeria (CBN) have revealed.
The CBN disclosed in its ‘Money and credit statistics’ report that the credit rose from N14.9tn as...
N24bn Recovered From Defaulting Employers - PenCom
The National Pension Commission (PenCom) says it has recovered N24.15bn non-remitted pension savings of employees from defaulting employers.
It disclosed this in its fourth quarter report for 2022.
The report stated that, “Following the issuance of demand notices to defaulting...
Domestic Gas Prices Increase By 56% In Four Years
While a recent hike of Rs 50 in the price of the 14.2 kg domestic liquefied petroleum gas (LPG) cylinder led to the cost of the cylinder touching Rs 1,103, data has disclosed that the price...
UPDATE: Supreme Court Scolds Buhari, Emefiele for Disobeying Order on Old Naira Notes
The Supreme Court of Nigeria has described as dictatorial and undemocratic the decision of President Muhammadu Buhari to disobey its earlier order on the continuous use of old N200, N500 and N1000...
