Banks Cut Borrowing From CBN By 46% To N1.3trn   In apparent reflection of the improved liquidity in the interbank money market, banks’ borrowing from the Central Bank of Nigeria, CBN, fell by 46 per cent, month-on-month, MoM, to N1.3 trillion in January. On the other hand...

NNPC Spends N1.3trn On Pipelines, Others In 11 Months     The total amount so far spent this year by the Nigerian National Petroleum Company Limited on the Federal Government’s priority oil sector projects is $3.21bn (N1.322tn), data obtained from the NNPC on Thursday showed. It was also...

Banks Record N1.3trn Non-performing Loans – CBN     Banks recorded non-performing loans of N1.3tn as of November which is still currently above the industry benchmark, according to the Central Bank of Nigeria. Figures obtained from the CBN on Monday showed that the bad loans represented 5.4 per...

In Six Months FG Spent N1.3trn On Agriculture Imports – NBS           In the first six months of the year, the total value of trade in agricultural goods stood at N1.5tn, data from the National Bureau of Statistics have shown. Imports accounted for N1.3tn of total trade...

Reps, Customs Disagree Over N1.3trn Revenue Projection       The House of Representatives’ Committee on Finance has dismissed a revenue of N1.3tn projected by the Nigeria Customs Service for 2022, vowing to raise the target. The Comptroller-General of NCS, Col. Hameed Ali (retd.), had in his presentation at...

FG Borrowed N1.3trn In Four Years To Subsidise Power Consumers - W/Bank     The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity, the World Bank has said. The bank said...