NBS: Capital Importation Rises, hits $2.19bn in Q4 The National Bureau of Statistics says that the value of capital importation into Nigeria increased by 26.35 per cent to hit $2.19 billion in the fourth quarter of 2021. In ‘Nigerian Capital Importation’ report, the NBS disclosed that...

PENGASSAN on Fuel Scarcity: Non-Availability of FX Responsible For Crisis The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has reported that the inaccessibility of foreign exchange (FX) at the Central Bank of Nigeria rate has greatly contributed to the increase in fuel...

CAN to Finance Ministry: Regulate Loan Sharks Before Nigerians Commit Suicide The Christian Association of Nigeria (CAN) has urged the Ministry of Finance, the Central Bank of Nigeria (CBN) and other regulators to take action against loan sharks. The apex religious body called on CBN Governor,...

NNPC Loads 995m Litres Of Petrol To States Nigerian National Petroleum Company Ltd. (NNPCL) has loaded 994.479 million liters of petroleum worth N164.175 billion (at N165 per litre) to states and the Federal Capital Territory (FCT) in the last 14 days. Authorities have blamed rising diesel...

Nigeria Foreign Airlines’ Trap Funds International Air Transport Association (IATA) statistics show that the total amount of foreign airlines' funds trapped in Nigeria has doubled from $147 million (N61 billion) in August 2021 to $283 million (about N117.6 billion) as at now. In line with the...

Senate Confirms CBN’s Monetary Policy Committee Members   The Senate, on Wednesday, confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). The confirmation of the nominees followed the consideration of a report by the Committee on Banking, Insurance...