FG, States, LGCs, share N725.571 bn for March
The Federation Accounts Allocation Committee (FAAC), has shared the sum of N725.571 billion to the three tiers of government, as...
Delta explains N150bn credit facility
Delta State Government is seeking N150 billion discounting facility to pay for infrastructural projects and outstanding pension arrears. Briefing Journalists on...
Nigerian content in Oil Sector grows to 42% – Wabote
The Nigerian Content Development and Monitoring Board (NCDMB) has grown Nigerian content in the oil and gas sector to 42...
SIM-NIN: 22 days after ban, Telcos lose N76bn, subscribers stranded
Telecommunication companies have lost about N75.78bn as subscribers struggle to link their National Identification Number to the Subscriber Identity Module,...
CBN grants Airtel approval to operate mobile money banking
Airtel Africa has confirmed that the Central Bank of Nigeria has awarded its subsidiary, Airtel Mobile Commerce Nigeria Ltd, with...
FG gets $124m AfDB loan to fund Akure Water Supply, sanitation project
Federal Government has obtained a $124.2 million loan from African Development Bank and Africa Growing Together Fund to fund Urban...
Currency in Circulation Drops by N4.59bn to N3.24trn in March
The Central Bank of Nigeria (CBN) has disclosed that currency in circulation dropped Month-on-Month (MoM) by N4.59 billion or 0.14...
Manufacturers borrow N1.03tn from banks, debts hit N4.2tn
Operators in the nation’s manufacturing sector saw their combined debt to Nigerian banks rise to N4.19tn in January 2022. This...
SEC restates market capacity to fund infrastructure, long-term projects
The Securities and Exchange Commission (SEC) has restated the vital role the capital market plays in the development of any...
PENCOM Approves Norrenberger’s Acquisition of IEI-Anchor Pension
The National Pension Commission (PENCOM) has approved Norrenberger’s acquisition of IEI-Anchor Pension. By this move, Norrenberger through its acquisition of...
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