The Central Bank of Nigeria (CBN), in the latest round of mediation in the inter-bank foreign exchange market, has injected the sum of $284.2million in the retail Secondary Market Intervention…
Read More Retail SMIS: CBN injects $284.2m, CNY36m
Category: Economy
Fuel subsidy hits N206.6bn in two months
Within a space of two months, the amount that was spent by the Nigerian National Petroleum Corporation in subsidising Premium Motor Spirit, popularly known as petrol, rose by over 1,174…
Read More Fuel subsidy hits N206.6bn in two months
FAAC: FG, States, LGs share N762.5bn in June
The Federal Government, States and Local Government Areas (LGAs) shared N762.5 billion as federal allocation for the month of June. Mr Ahmed Idris, the Accountant-General of the Federation (AGF), said…
Read More FAAC: FG, States, LGs share N762.5bn in June
AMCON’s intervention catalyst to economic stability – Kuru
Mr Ahmed Kuru, the Managing Director of Asset Management Corporation of Nigeria (AMCON), says its financial intervention across sectors assisted to maintain economic stability and saved 15,000 jobs. Kuru said…
Read More AMCON’s intervention catalyst to economic stability – Kuru
NNPC signs $3.15bn financing for OML 13
Ebun Francis| The Nigerian National Petroleum Corporation (NNPC) has signed a 3.15 billion dollars Financing and Technical Services Agreement between Sterling Oil Exploration and other partners for the development of…
Read More NNPC signs $3.15bn financing for OML 13