How Forex Restriction, Border Closure Could Unlock N1trn For Farmers
Despite the vast agricultural potential, Nigeria is a net food importer, with the vast majority of people engaged in agriculture operating at subsistence level. The country spends an average of US $22 billion (₦7.92 trillion)...
CBN To Sell Treasury Bills Worth N1trn In Q4
The Central Bank of Nigeria plans to sell N1trn worth of Treasury bills in the fourth quarter of the year across three instruments.
The CBN, in its issue programme for the fourth programme released on Wednesday, said...
Nigeria Has N1trn Financing Gap Annually, Says BoI
The Chief Executive Officer of the Bank of Industry, Mr Olukayode Pitan, has said there exists a financing gap of about N1trn in the country every year.
Pitan, while speaking at the Economic and Business Conference organised by...
Why FG May Not Meet N1trillion Insurance Premium Target
There are indications that the insurance industry may not meet the N1trillion premium income target set for year 2020, following the refusal by many states to implement Group Life Insurance for their workers.
This would force the...
Nigeria Loses N1tn To Overseas Printing, Paper Industry, Don Says
A professor in the Department of Forest Production and Products, University of Ibadan, Prof. Oluwafemi Oluwadare, has said about N1tn is taken out of Nigeria to develop the capacity of the paper, print and graphics...
Within Eight Years, AMCON Recovered N1trn From Debtors - FG
Since the commencement of operations of the Asset Management Corporation of Nigeria in 2010, about N1tn had been recovered from debtors of banks whose loans were taken over by the corporation.
The Minister of Finance, Mrs...
