We Recovered N471.82bn Intervention Loans In Six Months – CBN   The Central Bank of Nigeria (CBN) has said it recovered N471.82bn as cumulative repayment from the bank’s intervention programmes in the first half of 2022. According to the apex bank’s half-year report for 2022, the recovery...

CBN’s Quarterly Forex Intervention Declines By $930m   The Central Bank of Nigeria’s foreign exchange intervention in the economy declined by $930m in the third quarter of 2021 to $4.03bn from $4.96bn in Q2. The CBN disclosed this in its report on the supply of forex for...

'N120bn Intervention Will Address Nigeria’s Electricity Challenges'       Stakeholders in the electricity sector, yesterday, said the Federal Government’s intervention in the power sector, especially efforts being made to address challenges limiting the capacity of distribution companies (DisCos) is necessary to improve electricity supply. The experts also insisted...

CBN Intervention Has Crashed Price Of Rice – Emefiele       The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the price per bag of rice has reduced compared to the price it was sold last year during the COVID-19 lockdown in April 2020. He attributed...

CBN Disburses N338.6bn Intervention Funds     The Central Bank of Nigeria (CBN) has disbursed N338.6billion coronavirus (COVID-19)-related intervention funds to beneficiaries across various sectors. A member, Monetary Policy Committee (MPC), Sanusi Aliyu Rafindadi, who made this known in a note released by the apex bank, said reports...

PenCom Concludes Nine-year Intervention In First Guarantee Pension   The National Pension Commission has concluded its regulatory intervention in First Guarantee Pension Limited (PFA) and handed over the company to its newly reconstituted board. A statement from PenCom on Monday said that the regulatory intervention in First...