Oil Theft: CBN’s RT200 initiative records $4.987bn inflow
The Central Bank of Nigeria’s (CBN) RT200 (Race to $200 billion forex inflows), which is an initiative that aims to boost non-oil exports has recorded
Category : Finance
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NBS says average price of kerosene hit N1,041.05 per litre in October
The National Bureau of Statistics (NBS), says the average retail price of Household Kerosene (HHK) paid by consumers in October was N1, 041.05 per litre.
Bank failure: Depositors should go sleep, no deposit will be lost –NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has assured bank depositors of the safety of their monies in banks even in unlikely event of bank failure.
Naira redesign to encourage expanded financial inclusion, electronic transactions –CBN
The Central Bank of Nigeria (CBN) says the naira redesign will encourage expanded financial inclusion and other forms of electronic transactions. Ahmed Umar, the Director,
Non-oil exporters repatriated $4.99bn in 2022 – Emeifele
The Central Bank of Nigeria (CBN) says that non-oil exporters repatriated the sum of $4.99 billion into Nigeria in 2022. The Governor of the CBN,
Uninsured depositors of failed banks paid N101.37bn – NDIC
The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation, Mr Bello Hassan, has said that uninsured depositors of failed banks paid N101.37 billion. He said this
Advancing digital financial inclusion
Financial inclusion serves as the bridge between economic opportunity and outcome as well as a tool in fighting extreme poverty. The Central Bank of Nigeria
N2tn indirect taxes paid in nine months – Report
Amid an economic downturn and rising inflation, the tax burden on Nigerians in the first nine months of 2022 increased by N285.13bn. This is as
N424 bn budget padding allegation misleading – Minister
The Minister of Finance, Budget and National Planning, Mrs. Zainab Usman, has described as spurious budget padding allegations made against the ministry and the minister
MPI report: Govt efforts not addressing fundamental causes of poverty-experts
Economic experts have said poverty will remain endemic in Nigeria as long as the government continues with its present style of poverty alleviation. The economists,
