Monday, August 8, 2022

FAAC Shares Lowest Allocation of N300bn in March 2016

... States Debt Repayment Deferral-- Not a bail out The Federation Accounts Allocation Committee (FAAC) meeting which took place yesterday, presented the lowest FAAC in over...

NDIC Advocates Re-Establishment of National Savings Bank

The Managing Director and Chief Executive Officer of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has suggested the re-establishment of National Savings Bank...

FG eyes 87% rise in non-oil income

The Federal Government expects its non-oil revenues to double this year as it seeks to offset a slump in oil revenues, according Reuters report. Funding...
cbn

Can Nigerian Banks Save the Real Sector?

There is no gain saying the fact that banking sector is the nerve centre of any economic that aspires to stand tall among its...
Naira Dollar

Yuan Deal Forces Dollar To Retreat – Gwadabe

The federal government’s plan to increase the availability of renminbi (Yuan) was already favouring the Naira against the dollar, the President, Association of Bureau...
IMF

Nigeria seeks $2.5bn loan from World Bank, others

The Federal Government, on Sunday, said it was in discussion with the World Bank and the Islamic Development Bank, IDB, for a $2.5 billion...

Five Nigerian banks’ profit drop by N54bn

Uncertainties in the Nigerian economy have had a telling effect on many sectors, with five of the 22 banks in the country losing N54bn...

FAAC Distributes N345bn In March 2016

The Federation Account Allocation Committee shared the sum of N345 billion among the three tiers of government in March 2016 being the statutory allocation...

10 Major Untapped Resources In Nigeria

The time for the nation to diversify her economy by tapping different resources scattered across 36 States and the Federal Capital Territory (FCT) is...
Godwin Emefiele CBN Governor

Monetary measures will yield results soon —Emefiele

The Central Bank of Nigeria will not be discouraged by the many attacks on some of its tightened monetary policy moves aimed at addressing...

Firm sues FIRS over N127bn tax liabilities

Trafigura Beheer B.V, a Swiss-based oil firm  has urged the Tax Appeal Tribunal(TAT) to declare that a company not registered in Nigeria cannot file...

FG targets $2bn Revenue from Tourism

With government and economic drivers working to improve the economy through non-oil sector, the Acting Director General of the Standards Organisation of Nigeria (SON),...
Godwin Emefiele CBN Governor

High lending rates threatens agriculture-Emefiele

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele said that the agricultural sector would not survive on high commercial interest rates...

Banks Pay N3.32bn As Fine In 2015

For contravening various rules, including late remittance of funds under the Treasury Single Account (TSA) guiding the Nigerian banking industry, eight banks last year...

FIRS targets N4.9trn revenue in 2016

The Federal Inland Revenue Service (FIRS) says it is targeting a revenue of N4.9 trillion in 2016. Chairman of FIRS, Mr Tunde Fowler, disclosed this...
Godwin Emefiele CBN Governor

CBN will invest to create jobs, wealth — Emefiele

Central Bank Governor , Mr Godwin Emefiele, has assured genuine investors of cooperation and support toward self-sufficiency in local production of essential goods and...

Adeosun Unfolds Plan to Reset Economy

• FG may resort to Chinese Panda bonds to fund 2016 budget CBN sells $189m to banks, GTB leads in forex allocation The Minister of...

subsidy: FG to pay oil marketers N163m daily

There are strong indications that the Federal Government would start paying N163m daily as fuel subsidy to oil marketers because of the slight increase...
Godwin Emefiele CBN Governor

Nigeria’s sugar import to reduce by N35bn in 2018

The Central Bank Governor, Mr. Godwin Emefiele, has said the future of Nigeria is bright with the outcome of the investment funding the apex...

Federation Account: Table of Allocation of N306bn Disbursed in April 2016

Federation Account: Table of Allocation of N306bn Disbursed in April 2016 A Total sum of N306bn was disbursed to Federal, States and Local Government Councils...