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Sunday, May 19, 2019

W’Bank Loan Portfolio In Nigeria Now $8.67bn

W'Bank Loan Portfolio In Nigeria Now $8.67bn World Bank loan portfolio in Nigeria now stands at $8.67bn, an investigation has shown. Loans from the International Development...
AMCON

FG May Auction BoA’s Bad Loans To AMCON

FG May Auction BoA’s Bad Loans To AMCON The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has indicated that farmers would be given...
AGF Ahmed Idris

Mega FAAC Allocations: How FG, States, LGcs Shared N8tr in 2018

Mega Federal Account Allocations: How FG, States, LGcs Shared N8tr in 2018 ... FG Got N3.4tr, States/LGs N4.5tr ... Richest: Delta N285bn, Lagos N260bn, Kano...

FG Disburses N1.48bn As Pension Arrears To 2,777 Retirees

FG Disburses N1.48bn As Pension Arrears To 2,777 Retirees About 2,777 federal retirees were paid N1.48bn in the first quarter of 2019, the latest statistics...

BPE Flays BoA For Dismal Performance

BPE Flays BoA For Dismal Performance Following what it described as sub-optimal performance, the Bureau of Public Enterprises (BPE), said it has become imperative to...

Nigeria Needs N130bn Yearly Investment In Seed Production

Nigeria Needs N130bn Yearly Investment In Seed Production A data analyst at Access to Seeds Foundation, Timothée Pasqualini, has said Nigeria needed an annual investment...

Banks Get N638.89bn Pension Funds From PFAs

Banks Get N638.89bn Pension Funds From PFAs Pension Funds Administrators (PFAs) have invested N638.89bn pension funds in the banking industry as of the end of...

Auditor-General Laments Poor Implementation Of Audit Report

Auditor-General Laments Poor Implementation Of Audit Report The Auditor-General of the Federation, Mr Anthony Ayine, has said that the poor implementation of the recommendations in...

N30,000 Minimum Wage: NECA Demands Immediate Implementation

N30,000 Minimum Wage: NECA Demands Immediate Implementation   The Nigeria Employers’ Consultative Association has commended President Muhammadu Buhari for assenting to the N30,000 new national Minimum...

Nigeria Spends N16bn Yearly To Import Beans – FG

Nigeria Spends N16bn Yearly To Import Beans – FG   Despite being the number one producer of beans in the world, Nigeria spends N16bn annually to...
cbn

CBN Injects $254.8m, CNY 35.8m Into Forex Retail SMIS

CBN Injects 254.8m, CNY 35.8m Into Forex Retail SMIS Following the injection of $210m into the wholesale segment of the Inter-Bank Foreign Exchange market on...

Foreign Reserves Gained $1.85bn In One Month – CBN

Foreign Reserves Gained $1.85bn In One Month – CBN The nation’s foreign reserves rose by $1.85bn to $44.728bn as of April 12 from $42.87bn in...

FG Requests Fresh $247.3m External Loan

FG Requests Fresh $247.3m External Loan   The Federal Government will take another fresh external loan of $247.3m for the development of infrastructure, despite the country’s...

Wema Bank Targets N1trn Capital Base In Next Few Years

Wema Bank Targets N1trn Capital Base In Next Few Years Buoyed by its 2018 financials and performance in which it prescribed the payment of 3kobo...

AfDB Okays $15m To Support Infrastructure Financing In Nigeria

AfDB Okays $15m To Support Infrastructure Financing In Nigeria The Board of the African Development Bank has approved a $15m investment package for the Infrastructure...

As Stock Market Rises Further, Investors Gain N84bn

As Stock Market Rises Further, Investors Gain N84bn Investors in the country’s stock market gained N84bn on Wednesday’s trading session as the market capitalisation of...

Nigeria, 4 Others To Get $20m To Fund Solar Projects

Nigeria, 4 Others To Get $20m To Fund Solar Projects   Nigeria has been listed among five countries to benefit from the $20 million Africa Enterprise...

Fixed Income, Currency Markets Transactions Gain 51% Rise To N29trn

Fixed Income, Currency Markets Transactions Gain 51% Rise To N29trn More investors are turning to the fixed income and currency (FIC) markets as the market...
Agriculture

We’ve Saved $21bn On Food Imports – FG

We’ve Saved $21bn On Food Imports - FG The Federal Government on Tuesday announced that Nigeria saved $21bn on food imports in the last three...

N60bn Offered As Subscription Bonds By DMO

N60bn Offered As Subscription Bonds By DMO   The Debt Management Office has offered N60bn bonds for subscription in the Federal Government bond auction this month. The...