Solid Mineral Exporters Owe N17bn Royalties — Minister
The federal government has disclosed that solid minerals exporters have failed to remit about N17bn in royalties to her.
Only 56 of the 2,670 mineral exports from Nigeria between January 2013 and June 2017 had valid mineral export...
FG Releases N5bn Aviation Bailout, Bars 22-year Aircraft From Nigeria
The Permanent Secretary, Federal Ministry of Aviation, Hassan Musa on Monday told the House of Representatives that the Federal Government had released N5bn out of the N26bn approved as COVID-19 intervention fund for the aviation...
Foreign Reserves Depreciated By $790m
Nigeria’s foreign exchange reserves have depreciated by $790 million despite the rise in crude oil prices.
The foreign reserves stood at $34.43 billion as at May 17 data from the Central Bank of Nigeria (CBN) website showed.
Managing Director, Financial Derivatives Company...
Our Assets Rose To N1.86trn In 2020 - BoI
The Bank of Industry, has disclosed that despite the adverse impacts of the COVID-19 pandemic and the fall of crude oil prices, its 2020 performance showed strength and resilience.
According to the bank’s chairman, Mr Aliyu Dikko,...
Govs Fret As CBN Insists Budget Support Repayment Starts May
State governors again on Thursday requested that the repayment of their loans, especially the budget support, which ought to start this month be deferred.
But the Governor of the Central Bank of Nigeria, Godwin Emefiele, emphasised...
W/Bank Rejects Debt Cancellation For Africa
The World Bank Group yesterday rejected request by African heads of state for cancellation of their countries’ debts, saying the world has moved past that line of action.
World Bank Group President, David Malpass said, who disclosed this yesterday during...
