N120b petrol subsidy to double as CBN adjusts exchange rate
Nigeria losing N73.6b monthly to high consumption claims despite work-from-home practice Subsidy difficult to police, poses major corruption risk, says LCCI Deregulation a hard choice
Category : Finance
Get finance news daily at Business Intelligence, Africa. We bring you daily Financial Market Analysis & News, breaking news and headlines that cover information across the finance landscape.
About Finance News
Understanding the system of money, investments, and other financial instruments cannot be overemphasized. The knowledge of Finance will not only give you basic information on what is going on as regards investments and other financial instruments but also for tasks in your everyday life and business.
This is the major reason why we ensure we provide you with up to date info. on what is going on in the finance landscape.
67 aggrieved depositors lodged N11.7bn complaints against banks – CIBN
The Chartered Institute of Bankers of Nigeria has said it received 67 petitions from depositors against banks in 2020, with claims totalling amounted to N11.7bn.
INFLATION: Money supply rises 22.5% to N38trn
Current account deposits rise 50% Currency outside banks rises 23% Analysts project 18.84% inflation for April The increasing demand for cash by members of the
Contributory pension returns to growth path, gains N92bn
The Contributory Pension Scheme that lost some funds in recent months has returned to a growth path, gaining N92bn in March. Latest figures obtained by
Some places for Bitcoin investment in 2021
Coinbase is the easiest place to buy and sell cryptocurrency, especially, Bitcoin. As one of the leading mainstream cryptocurrency exchanges in the United States, the
Recovered assets: Reps deepen probe, set to re-invite Malami, FCT minister, EFCC boss
An ad hoc committee set up by the House of Representatives to compile and review projects and fixed assets belonging to the Federal Government across
Toxic loans, courts may force AMCON’s burdens on taxpayers
Seized Assets Face Capital Erosion Amid Agency’s Monetisation Hurdles Aero, Arik Struggling, Five Years Post Takeover Over 3,000 Court Cases Hindering Disposal Process, Says Spokesperson
Capital market records biggest rise in non-performing loans
The non-performing loans recorded by Nigerian banks in the capital market rose last year by 487.49 per cent, the biggest sectoral increase in bad loans,
Oil industry generated N23.8bn VAT in first quarter – NBS
The oil and gas sector comprising of the upstream, midstream and downstream sub-sectors generated N23.84bn in Value-Added-Tax for the Federal Government in the first quarter
Banks place limits on domiciliary accounts transfers
Banks have begun to place new limits on transfers domiciliary accounts holders can make from cash their cash lodgements. The limits range from $5,000 to
