FG Pays N4.83tn of Ways and Means Advances – Wale Edun
‌
The federal government used part of the Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to pay down Ways and Means advances from the Central Bank of Nigeria (CBN) by N4.83 trillion, the...
Meter All 'Brand A' Feeders, NERC Tells DisCosÂ
The Nigerian Electricity Regulatory Commission (NERC) has said it should be the priority of power distribution companies to meter all customers on Band A feeders.
This came barely one week after the NERC approved over 200 per cent...
Recapitalisation: Banks May Consider Huge Dividend Payment – Expert
Some analysts are projecting that banks may incentivise their shareholders with jumbo dividend payouts ahead of their capital-raising endeavours to meet the new requirements of the Central Bank of Nigeria.
In March, Nigeria’s apex bank issued a...
Nigeria may get $1bn Afreximbank Loan in May
Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Import Export Bank next month.
The loan is part of a larger $3.3bn prepayment facility arranged by Afreximbank, with repayment terms tied to...
Naira Appreciates to N1,120 per Dollar at Parallel Market
The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market.
The current FX rate signifies a decrease of 9.67 percent from the N1,240/$ reported on April 3.
Bureau de...
EduGate: EFCC Recovers N30bn, Investigates 50 Bank Accounts
The Economic and Financial Crimes Commission (EFCC) said it has recovered N30bn in the probe of the National Social Investment Programme Authority (NSIPA) former CEO Halima Shehu and suspended Minister of Humanitarian Affairs and Poverty Alleviation Betta...
