Buhari Says Nigeria Needs $400bn To Close Energy Shortfall         The President of the Federal Republic of Nigeria Muhammadu Buhari has said that Nigeria needs over $400bn to fund its critical energy needs. Buhari said that $300bn would be needed for electricity generation, transmission and distribution infrastructure...

Credit To Private Sector Rises By N498.6bn In August           The Central Bank of Nigeria (CBN) has disclosed that credit to private sector went up by N498.6billion in August to N33.26trillion from N32.8trillion reported in July 2021. The N33.36trillion figure announced by the CBN is a new...

In Seven Months, Pension Funds Rose By N480bn         The total pension fund assets under the Contributory Pension Scheme rose by N480bn between January and July 2021. Figures obtained from the National Pension Commission on its unaudited report on the pension funds industry portfolio for the period...

62% Of Enterprises Use Mobile Banking - NBS             The National Bureau of Statistics has said that 62 per cent of enterprises use mobile banking for their business operations. The NBS said this in its report titled ‘The impact of COVID-19 on business enterprises in Nigeria’. The report...

September Bonds Oversubscribed By N184bn, Says DMO             Federal Government’s bonds worth N150bn for September, which were auctioned on Wednesday, were oversubscribed by N184.32bn, the Debt Management Office has said. The total subscription received from investors for the bonds was N334.32bn, comprising N52.43bn for 13.98 per cent...

Why We Continue To Borrow - Fed Govt             The Federal Government on Thursday descended on critics of its frequent request for fresh loans describing them as insincere. The Minister of Information and Culture, Lai Mohammed, spoke for the government during a town hall meeting in Maiduguri,...