Manufacturing Sector Leads $8.41bn Investment Announcements In Q1, 2021
The Nigerian Investment Promotion Commission (NIPC) has reported $8.41 billion new investment announcements in Nigeria in the first quarter of 2021 (Q1 2021), with the manufacturing sector attracting 60 percent, reflecting the gradual return of investors’...
CBN To Sanction BDCs, Banks Rejecting Lower Dollar Bills
Deposit Money Banks (DMBs) and authorised Bureau De Change (BDC) operators who reject old and lower denomination of the United States dollar bills will be sanctioned, the Central Bank of Nigeria (CBN) said yesterday.
A circular signed...
US Imports Of Nigerian Oil Falls To Five-year Low
The United States slashed its imports of Nigerian crude oil by 64.12 per cent in 2020 to the lowest in five years.
The North American country bought 24.42 million barrels of Nigerian crude oil last year, down...
Consumer Credit Hits N1.6trn In January
The value of consumer credit in the Nigerian economy fell by four per cent to N1.593 trillion in January 2021.
The Central Bank of Nigeria (CBN) revealed this in its monthly economic report for January.
It noted that at the aforementioned...
Higher Oil Prices Increase External Reserves By $409m
The country’s external reserves returned to a growth path as it gained $409m in two weeks, latest figures from the Central Bank of Nigeria disclosed on Monday.
According to the CBN’s figures on movement of reserves, the...
Terrorism Watchlist': Daily Independent Retracts, Apologises to Pantami
... MURIC, Other React to the Fake News
The Daily Independent newspaper has retracted its story and apologised to Nigeria's Minister of Communication and Digital Economy, Isa Ali Ibrahim Pantami over its Publication alleging that Mr. Pantami was...
