Oil and gas exports yield $4.47bn – NNPC
The Nigerian National Petroleum Corporation (NNPC) has released the full report of its activities for May 2020 stating that oil and gas exports between...
FG pays $461m out of $3.313bn loans from China loans –...
A document posted on the website of the Debt Management Office (DMO) shows that Nigeria has paid $461.89 million (about 13.4 per cent) of...
FG sets aside N75bn for ‘Youth Bank’
The federal executive council (FEC) yesterday approved N75 billion for the establishment of Nigerian Youth Investment Fund (NYIF) that will be known as the...
NNPC reports N219bn remittance to federation account
The Nigerian National Petroleum Corporation (NNPC) has said that it remitted about N219.16 billion to the Federation Account Allocation Committee (FAAC) in April.
The corporation...
National assembly approves $5.5bn budget loan, $22.7bn facility for Buhari
The House of Representatives has approved President Muhammadu Buhari’s request for the federal government to borrow foreign loans totalling $22.79 billion.
The approval by the...
FEC reduces budget 2020 from N10.594trn to N10.523trn
The federal executive council yesterday approved the revised the 2020 Budget from N10. 594 trillion signed into law by President Muhammadu Buhari to N10....
FAAC disbursed N1.945trn to FG, states, LGs in Q1, 2020 –...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said in its latest report that the Federation Accounts Allocation Committee (FAAC) disbursed N1.95 trillion to...
Bank customers complain of cheating through ATM charges
Commercial bank customers have decried excess charges by banks through automated teller machine (ATM) withdrawals.
Some customers said they dread making withdrawals using other banks’...
UBA, Access Bank, Lafarge, Seplat migrate to NSE’s corporate governance premium...
The chief executive officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has announced the listing of UBA, Access Bank, Lafarge, and Seplat...
CBN lends banks N27.6tr in six months
Banks borrowed N27.46 trillion from the Central Bank of Nigeria (CBN) in six months, according to the apex bank’s half year report on financial...
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