Financial

Refineries: Reps Probe $1.5bn Planned Rehabilitation, Past Repairs       The House of Representative has resolved to investigate the fresh $1.5bn recently approved by the Federal Executive...

FG’s March Bonds Oversubscribed By N183.48bn - DMO       The Federal Government’s bonds for March worth N150bn which were auctioned on Wednesday were oversubscribed by N183.48bn,...

Transport Fare Rises In February — NBS       Transport fare paid by passengers for bus, motorcycle (Okada) and water way journeys rose in February due to...

Banks Credit To Economy Hits N43.67trn     Banks’ credit to the economy rose by N75bn to N43.67tn as of the end of February from N42.92tn in...

We Disburse $80m Weekly For School Fees, BTAs, Says Emefiele       In view of the lingering foreign exchange scarcity in the country, the Central Bank of...

Banks Cut Borrowings From CBN By N1.56trn       Banks borrowings from the Central Bank of Nigeria reduced by N1.56tn to N136.13bn in the fourth quarter of...

Senate Amending AMCON Law To Recover N16trn Loans     The Senate on Tuesday passed for second reading a bill seeking to empower the Asset Management Corporation...

CBN Retains Lending Rate At 11.5%     The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per...

Nigeria Loses N800bn Monthly To Poor Port Operation       The President Shippers Association of Lagos, Rev. Jonathan Nicole, yesterday said Nigeria loses over N800 billion monthly...

New Refinery Will Cost FG About $12bn - NNPC       The Nigerian National Petroleum Corporation (NNPC) yesterday vigorously defended the approval of a whopping $1.5 billion...

FG To Commit $3bn In Power Sector In 24 Months       The Federal Government disclosed a plan to commit $3 billion to the power sector in...

Pension Funds Gained N119.68bn From Equity In Q4, 2020 – PenCom       Pension fund investment gained N119.68bn from equity in the fourth quarter of 2020, the...

Diaspora Cash Remittances Drop By 27% To $17.2bn       In apparent reflection of the severe impact of the COVID-19 pandemic on the incomes of Nigerians living...

COVID-19 Loans: CBN Disburses N149.2bn To Households     The Central Bank of Nigeria (CBN) disbursed N149.21 billion to 316,869 households to cushion the effects of the...

FG Lists N163bn Sovereign Sukuk     The Federal Government has listed its N162.56 billion Sukuk on the Nigerian Exchange (NGX) Limited, paving the way for investors...

AMCON Seizes Centage Savings And Loans’ Assets Over N3.5bn Debt       The Asset Management Corporation of Nigeria (AMCON) at the weekend took over 13 prime assets...

External Reserves Decline By $523m In Two Weeks       Nigeria’s external reserves dropped by $523m to $34.475bn as of March 16 from $34.998bn as of March...

Fed Govt To Auction N150bn Bonds In March     The Debt Management Office on Wednesday disclosed that the Federal Government will offer N150bn bonds for subscription...

Fed Govt Okays $1.5bn For P/Harcourt Refinery Rehabilitation       The Federal Government has approved the sum of $1.5 billion for the rehabilitation of Port Harcourt Refinery,...

Labour Faults Fed Govt’s N50bn Monthly Electricity Susbsidy         Organised Labour has tackled the Federal Government over claims of subsidising electricity supply across the country for...