AMCON Seeks Special Tribunal To Recover N5.4trn Debt       The Asset Management Corporation of Nigeria (AMCON) has approached the National Assembly to be accommodated in the provisions of the newly amended Banks and Other Financial Institutions Act, 2020 (BOFIA, 2020), which sets up Special Tribunals for...

BDCs Record N1trn Turnover, Seek Diaspora Remittances Agency       The Association of Bureaux de Change Operators of Nigeria has said that its annual turnover is now N1tn. The President, ABCON, Alh Aminu Gwadabe, said this during a virtual event with the theme ‘BDCs’ operations: A trillion-naira sub...

Manufacturing Sector Intervention Fund Hit N803bn – CBN Manufacturing sector’s intervention funds disbursed by the Central Bank rose to N803bn as of February. Figures obtained from the CBN reports on the Monetary Policy Committee revealed this on Tuesday. “Under the N1tn manufacturing intervention stimulus, the...

Is Nigeria in Trouble?, By Gidado Y. Shuaib The title of this piece is a poser triggered by a blunt remark by Mr. Godwin Obaseki, the formidable political arch-rival of a former Edo State Governor and immediate past Chairman of the All Progressives Congress (APC),...

Households, Businesses Can Apply For N50bn COVID-19 Loans – CBN The Central Bank of Nigeria has said that households and businesses affected by the COVID-19 can now apply for loans under its N50bn Targeted Credit Facility. It said the stimulus package was to support households...

BoI Grows Assets By 78.8% To N1.86trn The Bank of Industry Group concluded the 2020 financial year with a 78.8 per cent growth of assets from N1.04tn to N1.86tn between 2019 and 2020. A statement by the bank on Monday said the increase was driven...