IMF Endorses Digital Money For Cheaper Remittance, Cross-border Payments       The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has called on governments and individuals to adopt digital money for “faster, easier and cheaper” remittance and cross-border payments. Georgieva stated this at a virtual workshop...

FG, States Debts Stock Now N32.9trn — DMO     The Director General of the Debt Management Office (DMO), Patience Oniha, has said the cumulative sum of N32.9 trillion debt of Nigeria is a responsibility of the federal and state governments. In a series of tweets on her...

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...

N140bn Solar Project Not Free - Osinbajo       Vice President Yemi Osinbajo has told beneficiaries of the N140 billion home solar project is not free. The solar systems are part of the Nigerian Economic Sustainability Plan (NESP) that the President Muhammdu Buhari administration’s response to the economic...

Oil Price Gains For Fifth Consecutive Month     The average global crude oil prices have continued to rise for the fifth consecutive month, the Organisation of the Petroleum Exporting Countries said on Tuesday. OPEC attributed the continued rise in international oil prices to the supportive oil market...

Customs Intercept N1.9bn Drugs, Goods In Port, Others     The Nigeria Customs Service (NCS) has seized drugs and smuggled goods worth N1.9 billion at Apapa port and areas around its Kaduna zone. The Apapa Area Command yesterday, said it intercepted 28 container loads of pharmaceuticals valued at...