In One Month, CBN's FX Programme Rakes In $60m The Central Bank of Nigeria's (CBN) forex programme has raked in $60 million after one month of active implementation. Managing Director of Fidelity Bank, Nneka Onyeali-Ikpe, made this known while briefing the media at the end of...

Reps Okay N369bn For Customs’ 2022 Budget   The House of Representatives has approved the sum of N369.136 billion as the 2022 budget for the Nigeria Customs Service (NCS). This followed the adoption of the report presented by the chairman, House Committee on Customs and Excise,...

Dangote, Two Others Account For N3.48bn Social Expenditure — NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) has named Dangote Group, Lafarge Africa Plc and First Patriots as the top three contributors to the mining industry’s social expenditure with N3.48 billion total spending. The figure, according...

Nigeria’s Debts May Hit N45trn In Q4 2022, LCCI Predicts   The Lagos Chamber of Commerce and Industry (LCCI) has predicted that Nigeria’s total debts was expected to hit N45.86 trillion by December 2022. According to the President, LCCI, Mr. Michael Olawale-Cole, who spoke at a press...

Nine Banks Made N554bn Fees, Commissions In 2021   Nine major Deposit Money Banks in Nigeria raked in the sum of N554.23bn from fees and commissions in 2021. This amount is 29.4 per cent higher than N428.32bn they made in 2020. The banks are Access Bank...

Nigeria Tops 169 Countries In Global Internet Poverty Index   Nigeria has the largest number of Internet poor people in the world, according to the Internet Poverty Index by the World Data Lab. According to the index, 47.39 per cent (103.02 million people) of Nigeria’s 217.37 million...