Refineries Rehabilitation Gulped N100bn In 2021 - NNPC   The Nigerian National Petroleum Company Limited has said it spent N100bn on refineries’ rehabilitation in 2021 and that funds were pumped into revamping the facilities on a monthly basis last year. It disclosed this in a report on...

Forex Speculators To Lose N100bn — ABCON       Foreign exchange (forex) speculators will lose over N100 billion in the next one month as the Central Bank of Nigeria (CBN) sustains massive funding for Bureaux De Change (BDC) operators. The President of the Association of Bureaux De Change...

Reps To Raise FMBN’s Capital To N100bn       The House of Representatives is considering raising the capital base of the Federal Mortgage Bank of Nigeria from the current N5bn to N100bn. Also, the mortgage bank may also be opened to private investors and shareholders. These are proposed in...

Operators Urge FG On Forex For N100bn Health Fund       Operators in the Nigerian pharmaceutical industry on Tuesday appealed to the Central Bank of Nigeria (CBN) to make a special allocation for all those who are beneficiaries of the healthcare facility to be given forex to...

CBN Raises Target Credit To N100bn For MSMEs   The Central Bank of Nigeria (CBN) has increased the N50 billion Target Credit Facility (TCF) to N100 billion with the interest rates slashed to 5 per cent from 9%, to keep MSMEs afloat in business. The Director, Development...

FG Moves To Recover Over N100bn Revenues From Lottery Sector     The Minister of Special Duties and Inter-Government Affairs , Senator George Akume, has said efforts are underway to recover the backlog of over N100 billion revenues due for government from the lottery sector. The minister disclosed...