Govt-owned Agencies Didn’t Remit N2trn To Federation Account - Senate       The Senate Committee on Finance has raised the alarm that some government-owned agencies has failed to remit over N2tn to the federation account from 2014 till date. The Chairman of the Committee, Senator Solomon Adeola, stated...

E-payment Transactions Rise By 80% To N2trn         Cashless economy has recorded further boost as the value of electronic payment transactions rose year-on-year (YoY) by N9.7 trillion or 80 percent to N21.9 trillion in 2020 from N12.2 trillion in 2019. Similarly, the volume of epayment transactions rose...

Fed Govt Borrows Over N2trn From Bond Investors In 2020       Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt Management Office (DMO), raised N2.1 trillion from investors in its...

Wheat Importation Gulps N2trn In 4 Years — Nanono         The Minister of Agriculture and Rural Development, Alhaji Sabo Nanono, has said from 2016 to June 2020, Nigeria spent over $6 billion (about N2.283 trillion) to import wheat. The minister disclosed this while delivering the keynote address...

Stock Market Gains N2trn In One Week         Equity trading on the Nigerian Stock Exchange recorded a gain of N2.1tn in the last one week following investors’ buying pressures in response to macroeconomic policy changes, the outcome of American election and discovery of COVID-19 vaccine. Checks by...

Nigerian Households Spent N2trn On Electricity, Fuel In 2019 – NBS     Households in Nigeria spent a total of N2.02tn on fuel and electricity in 2019, the National Bureau of Statistics has said. The NBS said in a new report on consumption expenditure pattern that household expenditure...