Banking Industry Credit Rises to N23.5trn   The Central Bank of Nigeria has stated that banking industry credit in 2021 reached N 23.5 trillion with Other Financial Institutions (OFIs); comprising of Microfinance Banks, Development Banks, Merchant banks and mortgage banks contributing N2.79 trillion, representing 10.62 per...

Fed Govt Borrows N13.6trn Via Bonds In Six Months Amid Rising Deficit Financing   The Federal Government’s bond offer and allotment rose by N1.99tn in the first six months of this year to N13.66tn, from the N11.67tn recorded in the corresponding period of last year. The Financial...

Cheque Usage Drops As PoS Transactions Hit N13.67trn     Nigerians have continued to abandon cheque transactions as Point of Sale transactions rise to N13.67tn in three years, according to data obtained from the Nigeria Inter-Bank Settlement System Plc portal. The data showed that the aggregate PoS transactions...

Currency in Circulation Rose To N3.15trn In November – CBN   The currency in circulation rose from N2.97tn at the end of October to N3.15tn in November, according to figures obtained from the Central Bank of Nigeria. The CBN data showed that the currency in circulation increased...

FG Generates N2.56trn From Petrol, Kerosene, Diesel Sales In 13 Months   The Nigerian National Petroleum Company Limited on Wednesday announced that it earned N2.56tn revenue from the sale of white products (petrol, kerosene, diesel) in about 13 months. It also announced that N203.73bn was made on...

Buhari Inaugurates N348trn Devt Plan, Targets N298trn From Private Sector   President Muhammadu Buhari says Nigeria requires an investment size of N348.1tn to achieve the targets set out in the National Development Plan 2021-2025. He also said a whopping 85.7per cent (N298.3tn) of this amount would come...