Agric Sector Records N1.7rn Trade Deficit In Nine Months   The agricultural sector recorded a trade deficit of N1.7tn between January and September this year, as exports stood at N371.8bn while imports rose to N2.1tn. The latest National Bureau of Statistics’ foreign trade report showed that the...

In Three Months, Banks Borrowed N1.7trn From CBN         Deposit Money Banks borrowed N1.7tn from the Central Bank of Nigeria in the third quarter of 2020. The CBN disclosed this in its third quarter economic report. Part of the report read, “Deposit Money Banks and merchant banks continually...

FRC Boosts FG’s Revenue With N1.7trn Since 2007         Since 2007 to date, the Fiscal Responsibility Commission (FRC) caused over N1.7 trillion to be remitted to the Consolidated Revenue Fund (CRF) of the Federal Government To harvest more revenue into the CFR, the FRC is proposing amendments...

Reps Summon Adeosun, Ahmed, Farouq Over N1.7trn NSIP Fund     The House of Representatives has summoned a former Minister of Finance, Mrs Kemi Adeosun; the incumbent Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed; and the Minister of Humanitarian Affairs, Disaster Management and Social...

NNPC Remits N1.7trn To FAAC In One Year   The Nigerian National Petroleum Corporation (NNPC) paid about N1.7 trillion to the Federation Account Allocation Committee (FAAC), between February 2019 and February 2020, the national oil company has said. Figures from its full monthly financial report revealed that...

IOCs, Government To Invest N1.7tr In Niger Delta   The Ministry of Petroleum Resources has said that about N1.7 trillion will be invested in Niger Delta by the Federal Government, International Oil Companies (IOCs) and others in the next three years. While the Minister of State for...