World Bank Okays Fresh N2.4trn Loan For Nigeria   The World Bank has announced the approval of $1.57 billion ( N2.4 trillion at N1601 to a dollar) to boost human capital in Nigeria through better health for women, children and adolescents. According to a statement by the...

Shettima Lauds DBN Over N787bn MSME Loans   The Vice President, Kashim Shettima, has lauded the Development Bank of Nigeria for its contributions to the growth of micro, small, and medium enterprises in Nigeria. In a statement made available to our correspondent on Sunday, Shettima commended the...

Credit to Govt Rises by N11trn in One Month   Credit to the government surged by over N11 trillion in the month of August 2024, as high interest rates make government securities more attractive to investors. This is according to the latest money and credit stats data...

Health Sector Gets $1.57bn from World Bank The World Bank has approved three new financing totalling $1.57 billion to support the health sector in Nigeria. This was contained in a statement by the bank’s Country Office, today, in Abuja. According to the bank, the funds would be...

Unmetered Electricity Customers Now 7.3 million – NERC Metering of electricity customers across the country has remained a challenge as number of unmetered customers rises to 7.3 million. The latest figures, released by the Nigerian Electricity Regulatory Commission (NERC) showed that out of over 13.16 million...

Oil Firms Owe FG $6.17bn – NEITI Oil companies’ indebtedness to the Federal Government in terms of royalties and taxes has risen to $6.175bn, according to an audit of the petroleum industry by the Nigeria Extractive Industries Transparency Initiative (NEITI). The oil and gas industry report,...