NEC Targets N2trn Pension Fund For Infrastructural Devt   The National Economic Council on Thursday considered the possibility of investing N2tn out of the Contributory Pensions Fund on infrastructure development in the country. This will be done through the Sovereign Investment Authority. A sub-committee of NEC presented an...

Currency-in-circulation Now N2trn   Currency-in-circulation on month-on-month basis fell by 0.7 per cent to N2.00 trillion at the end of September 2019, in contrast to the growth of 0.8 per cent at the end of the preceding month. The Central Bank of Nigeria (CBN) revealed this in...

FG Cuts 2020 Federation Account Allocation By N2trn To N9.7trn     The allocation from the federation account to the three tiers of government would witness a massive decline of N2.01tn going by the projections of the Federal Government. The amount is contained in the Medium Term Expenditure...

FG Borrowed Over N2trn To Fund 2017 Budget, Says DMO   The Federal Government borrowed a total of N2.32tn in 2017 to fund deficit in the budget, the Debt Management Office has said. DMO said this in its 2017 Annual Report obtained by our correspondent in Abuja...

Manufacturers Receives N2tn Loans From Banks In A Year A total of N2.01tn was granted as loans by the Deposit Money Banks to the manufacturing sector within one year covering July 2017 to June 2018, an analysis of the banking sector credit report of the...

Reps C’ttee Summons Arik Air MD, Others On The N2trn CBN Intervention Funds   For failing to clarify the use of N2 trillion intervention funds given to it by the Central Bank of Nigeria, CBN, the House of Representatives Ad Hoc Committee on Central Bank of...