Credit To Economy Rises By 5% To N44.7trn
Credit to the economy grew by five percent to N44.7 trillion in five months to May this year driven by increased lending to the private sector.
However, currency outside banks and currency in circulation fell by 7.6 per...
Foreign Investors’ Interest In Nigeria Drops By 27.5% In Q1, 2021
Nigeria received about $8.4bn investment announcements as at 4th March 2021, out of which $5.46bn were pledged by foreign investors. The remaining $2.08bn was promised by domestic investors, statistics obtained from the Nigerian Investments...
In Four Months, Currency in Circulation Drops By N65.74bn
The currency in circulation fell by N65.74bn to N2.741tn at the end of June from N2.81tn in March, the latest figures from the Central Bank of Nigeria showed on Wednesday.
According to the CBN, the currency in...
Customs Strike Force Intercepts Unprocessed Woods Worth N373.5m
The Comptroller-General of Customs Strike Force, Team A, has intercepted four containers of unprocessed woods worth N373.5 million.
The unprocessed woods were about being shipped out of the country to Asia when they were seized by the men...
Mining Cadastral Office Generates N2bn Revenue In Six Months
The Nigeria Mining Cadastral Office (MCO) said it has surpassed its 2021 revenue projection just within the first half of the year as it generated N2.016 billion.
The Director General/Chief Executive Officer of MCO, Engr. Obadiah Simon...
Total Nigeria Forecasts Cash Flow Of N19.17bn In Q3, 2021
Total Nigeria Plc has forecast a free cash flow of N19.17bn by September 31 after purchases of fixed assets have been accounted for.
The company said in a statement that it expects revenue of N66.03bn in...
