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Nigeria’s Foreign Trade Rises To N9.76trn In Q1, Records N3.94trn Deficit

Nigeria’s Foreign Trade Rises To N9.76trn In Q1, Records N3.94trn Deficit       Nigeria’s total merchandise trade increased to N9.76 trillion in the first quarter of the year, representing 6.99 per cent rise over the N9.12 trillion in the preceding quarter, the National Bureau of Statistics (NBS)...

Banks’ll Consider Sustainable Principles Before Lending, Says Emefiele

Banks’ll Consider Sustainable Principles Before Lending, Says Emefiele       The Governor, Central Bank of Nigeria, Mr Godwin Emefiele has said banks will now consider sustainable banking principles when lending money to individuals and corporate entities. According to a statement issued on Thursday, Emefiele disclosed this while leading...

COVID-19: CBN Disburses N253bn To 470 Households, 77, 000 SMEs

COVID-19: CBN Disburses N253bn To 470 Households, 77, 000 SMEs         The Acting Director Corporate communications Department of the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi, has said that the bank disbursed N253 billion to 548,345 beneficiaries as part of its responses to the COVID-19...

’38m Nigerian Adults Financially Excluded’

'38m Nigerian Adults Financially Excluded'       Thirty-six per cent of Nigerian adults, or 38 million adults, remained completely financially excluded at the end of 2020, according to a new report. Enhancing Financial Innovation & Access, in a survey titled ‘New data from EFInA’, said financial inclusion grew,...

Tax Forms 70% Of FAAC Allocations — FIRS Boss

Tax Forms 70% Of FAAC Allocations — FIRS Boss       The Executive Chairman of the Federal Inland Revenue Service (FIRS), Alhaji Muhammad Mamman Nami, has said 60 to 70 percent of the funds shared monthly by the Federal Account Allocation Committee (FACC) among the three tiers...

FG Okays N14.8bn Workers’ Insurance Cover, COVID-19 Oxygen Plants

FG Okays N14.8bn Workers’ Insurance Cover, COVID-19 Oxygen Plants         The Federal Executive Council presided over by President Muhammadu Buhari has approved the disbursement of N9.2bn as premium for insurance companies who will manage group life insurance coverage for federal civil servants. The Minister of Information and...