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Saturday, January 18, 2020

NBET Owes Power Producers Over N1trn – Gencos

NBET Owes Power Producers Over N1trn - Gencos   Power producers in the country have said they are owed at least N1tn by the Nigerian Bulk...
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CBN Makes First Forex Intervention In 2020 With $253m

CBN Makes First Forex Intervention In 2020 With $253m   The Central Bank of Nigeria (CBN), at the weekend, made its first foreign exchange (forex) intervention...

ABCON Cautions FG On France’s Involvement In Eco Currency

ABCON Cautions FG On France’s Involvement In Eco Currency   The Association of Bureaux De Change Operators of Nigeria, has advised the Federal Government to be...

NEPZA: Panel Investigates N14.3bn Fund Moved To Private Account

NEPZA: Panel Investigates N14.3bn Fund Moved To Private Account   The Federal Government has set up a committee to look into the transfer of N14.37bn from...

CBN Lends N662bn To Banks For Liquidity Control

CBN Lends N662bn To Banks For Liquidity Control   Commercial and merchant banks accessed N662.44 billion loans from the Central Bank of Nigeria (CBN) to control...

In 2019, Onne Port Customs Recorded N107.3bn Revenue

In 2019, Onne Port Customs Recorded N107.3bn Revenue   The Nigeria Customs Service, Area II Command, Onne Port, Rivers State, said on Thursday that it generated...

Customs Generate N1.34trn, Surpasses Target By N403bn

Customs Generate N1.34trn, Surpasses Target By N403bn   The Nigeria Customs Service generated a total of N1.34tn revenue for the government in the 2019 fiscal year. The...

In Nine Months, Banks’ Deposits With CBN Hit N3.17trn

In Nine Months, Banks’ Deposits With CBN Hit N3.17trn   The Central Bank of Nigeria has recorded N3.17tn deposits from 11 commercial banks in nine months. Data...

NCC, Infracos To Raise N265bn For Broadband Infrastructure

NCC, Infracos To Raise N265bn For Broadband Infrastructure   The Nigerian Communications Commission and a consortium of infrastructural companies say they will raise N265bn for the...

CBN Retains LDR At 65%

CBN Retains LDR At 65%   The Central Bank of Nigeria has retained the Loan to Deposit Ratio (LDR) for the banking sector at 65 per...

Procurement Process May Slow N2.4trn Capital Releases

Procurement Process May Slow N2.4trn Capital Releases   Bureaucracy associated with the public procurement process may slow the release of funds for the implementation of the...

Nigerian Banks Spent N200bn Preventing Cyber Attacks In 2019

Nigerian Banks Spent N200bn Preventing Cyber Attacks In 2019   Nigerian banks were estimated to have spent about N200billion preventing various forms of cyber attacks on...

Foreign Reserves Shrink, Drop To Two-year Low At $39.84bn

Foreign Reserves Shrink, Drop To Two-year Low At $39.84bn   The foreign exchange reserves have hit two-year low at $39.84 billion, an Economic Report by Financial...

AfDB Okays $20m For Nigeria, Others

AfDB Okays $20m For Nigeria, Others   The board of directors of the African Development Bank has approved a $20m investment in the Metier Sustainable Capital...

Nigeria Loses $2.75bn to Vandals, Oil Thieves – Report

Nigeria Loses $2.75bn to Vandals, Oil Thieves - Report   A group known as Partner for Petroleum & Energy Sector Prosperity Initiative (P-PESPI) has called on...

Stanbic IBTC Reaffirms Commitment To Debt Capital Markets’ Growth

Stanbic IBTC Reaffirms Commitment To Debt Capital Markets' Growth   Stanbic IBTC Holdings PLC has reaffirmed its commitment to the growth of the Nigerian debt capital...

CBN Unveils Framework To Check Payment System Risks

CBN Unveils Framework To Check Payment System Risks   The Central Bank of Nigeria on Monday released the Nigerian Payments System Risk and Information Security Management...

FG, DMO Open January Savings Bond For Subscription

FG, DMO Open January Savings Bond For Subscription   The Federal Government has through the Debt Management Office opened the January savings bond offer to investors. The...

Firms Earning Below N25m ‘ll Not Pay Companies Tax – Minister

Firms Earning Below N25m 'll Not Pay Companies Tax - Minister   The Finance Bill 2019, when signed into law, will ensure that small businesses with...

Despite Electricity Tariff Hike, FG To Fund N545bn Deficit

Despite Electricity Tariff Hike, FG To Fund N545bn Deficit Although the regulator plans to increase electricity tariffs on April 1, it says the amount of...