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Sunday, September 15, 2019

Manufacturing, 45 Others Record N66.77trn Half-year Output

Manufacturing, 45 Others Record N66.77trn Half-year Output The nation’s economy recorded a total output of N66.77tn within a six-month period covering January to June this...

Nigeria Earned N35trn From Tax In 8 Years, Says FIRS

Nigeria Earned N35trn From Tax In 8 Years, Says FIRS   Within an eight-year period covering 2011 and 2018, the country earned a total of N35.56tn...

Africa Imports $50bn Food Yearly

Africa Imports $50bn Food Yearly   African countries import nearly $50bn net of food annually despite the continent holding 60 per cent of the world’s arable...

Customers Can Exchange Mutilated Notes After Deadline – CBN

Customers Can Exchange Mutilated Notes After Deadline - CBN   The Central Bank of Nigeria (CBN) has said members of the public can continue to return...

Presidency Hawks Want Bonga Seized Over Judgment Debt

Presidency Hawks Want Bonga Seized Over Judgment Debt   As the $9.6 billion arbitration award and United Kingdom Court enforcement judgment against Nigeria in favour of...

AfDB, Japan Earmarks $3.5bn For Nigeria, Others

AfDB, Japan Earmarks $3.5bn For Nigeria, Others   Japan and the African Development Bank have announced a joint target of $3.5bn under the Enhanced Private Sector...

FIRS Strategies Will Improve Tax Revenue – CITN

FIRS Strategies Will Improve Tax Revenue - CITN   The Chartered Institute of Taxation of Nigeria has expressed confidence that the current strategies and initiatives of...
dollars

External Reserves Shrinks To Five-month Low Of $43.67bn

External Reserves Shrinks To Five-month Low Of $43.67bn   The nation’s foreign exchange reserves have dropped to a five-month low of $43.67bn, losing $1.23bn in 29...

Petrol Subsidy Gulped N650.2bn In 12 months, Says Report

Petrol Subsidy Gulped N650.2bn In 12 months, Says Report   The Federal Government spent a total of N650.2bn on petrol subsidy in 12 months; Economic Confidential...

Local Telecoms Operators Risk losing $1bn Fibre Cable Market

Local Telecoms Operators Risk losing $1bn Fibre Cable Market   The submarine cable system operators in Nigeria and the rest of Africa risk losing the region’s...

BPE Commends APM Terminal’s N126bn Investment in Nigeria

BPE Commends APM Terminal’s N126bn Investment in Nigeria   The Bureau of Public Enterprises (BPE) has expressed satisfaction with the level of compliance with the post-acquisition...
NBS National Bureau of Statistics

Diesel, Cooking Gas Prices Rose In July, Says NBS

Diesel, Cooking Gas Prices Rose In July, Says NBS   The average prices of diesel and Liquefied Petroleum Gas, also known as cooking gas, rose last...

Risk Concerns Push Airlines Insurance To N13bn Yearly

Risk Concerns Push Airlines Insurance To N13bn Yearly   The cost of insurance in the Nigerian aviation sector has risen from N11 billion annually in 2017...
cbn

FG, States’ Debt: MPC Members Raise Concern

FG, States' Debt: MPC Members Raise Concern   Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the...

Unclaimed Dividend: 2.7m Investors Sign-up For E-dividend

Unclaimed Dividend: 2.7m Investors Sign-up For E-dividend   The Securities and Exchange Commission says a total of 2.7 million investors have been captured under the Electronic...

Apex Bank To Auction N208bn Treasury Bills

Apex Bank To Auction N208bn Treasury Bills   The Central Bank of Nigeria is scheduled to roll over maturing bills worth N208bn through the Primary Market...

We Don’t Give Loans Directly To Customers, Says CBN

We Don’t Give Loans Directly To Customers, Says CBN   The Central Bank of Nigeria (CBN) has said that there are clearly spelt out procedures for...

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...

Nigeria Loses N150bn Annually To Foreign Shipping Surcharges

Nigeria Loses N150bn Annually To Foreign Shipping Surcharges   The Nigerian economy is losing N150bn yearly to multiple surcharges slammed on Nigeria-bound cargoes by foreign shipping...

Loan Defaulters To Lose Deposits In Other Banks

Loan Defaulters To Lose Deposits In Other Banks   The Central Bank of Nigeria and other lending institutions have agreed to seize the bank savings of...