$23bn Diaspora Remittances Raise Income Line For Households
In recent time, there have been moves to increase the volume and value of dollars remitted into the economy by Nigerians living abroad.
More dollar inflows have significantly improved income of many beneficiaries who rely on their families...
Loans From W/Bank, AfDB Rise To $14.35bn Under Buhari's Administration
Nigeria’s liabilities to the World Bank and the African Development Bank rose from $7.14bn to $14.25bn between June 30, 2015 and March 31, 2021, data obtained from the Debt Management Office have shown.
This means that...
Senate Names Jonathan, Sambo, Others In N665.8bn Diversion, Demands Refund
The Senate has demanded a refund of funds totalling N665.8bn which were allegedly diverted by the Office of Accountant General of the Federation from the Solid Mineral Development Fund and Stabilisation Fund to ministries, departments...
Nigeria’s Capital Importation Declines To $875.62m In Q2, 2021
The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in the first quarter of 2021.
The National Bureau of Statistics disclosed this in its report titled, ‘Nigerian...
Banks’ Credit To Economy Now N24.23trn
The total credit from the banking sector to the economy rose to N24.23tn as of the end of May, the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, disclosed on Tuesday.
Speaking at the end of the two-day...
Egbin Power Decries N388bn NBET Debt, Idle Capacity
Egbin Power Plc, the biggest power station in Nigeria, has said it is owed N388bn by the Nigerian Bulk Electricity Trading Plc for electricity generated and fed into the national grid.
The company disclosed this on Tuesday during...
