Economy Loses N900bn Credit, Private Sector Stagnates At N30trn
Credit to the economy fell by N900 billion or 2.27 percent in August driven by slump in credit to the government during the month. The Central Bank of Nigeria (CBN) disclosed this in its Depository Corporation...
Nigeria’s Debt Stock May Hit N30trn With New Loans
If Nigeria succeeds in borrowing the proposed $6.9bn from international lenders including the World Bank, the African Development Bank and the Islamic Development bank to help counteract the impact of coronavirus on the economy, the country’s...
As FG Borrows N4.6trn, Debt To Hit N30trn
The Federal Government is planning to borrow fresh N4.6rtn within the next three years, covering 2020 to 2022, to finance its programmes, figures obtained from the Ministry of Budget and National Planning have revealed.
If the N4.6tn new...
E-tranzact Records N30trn Data Transactions
E-Tranzact Plc says it recorded 400 million data transactions worth N30trn in 2018.
The Managing Director/Chief Executive Officer, E-Tranzact, Mr Niyi Toluwalope, while speaking at a press briefing in Lagos, said though the company recorded an increase in revenue in 2018,...
