Tochukwu Chukwu
- Business
- June 8, 2020
- 169 views
Nigeria Loses Billions Of Naira To Lack Of Value Addition To Products – Onu
The Minister of Science and Technology, Dr. Ogbonnaya Onu, has stated that Nigeria loses billions of naira annually due to lack of value addition to her raw materials and products.…
AdminSENATE ANGRY WITH CBN FOR NOT REMITTING $3.3BILLION FOREIGN TAX
The Senate Committee on Public Accounts has queried the Central Bank of Nigeria (CBN) over unremitted $3.3billion from the $21.3billion collected by the Federal Inland Revenue Service (FIRS) as foreign…
- Business , News
- June 3, 2020
- 194 views
FG To Auction 57 Oil Fields
The Federal Government through the Department of Petroleum Resources (DPR), has disclosed its intent to auction 57 oil fields under the June 2020 Marginal Fields bid round. The agency has…
- Business
- June 2, 2020
- 188 views
CBN Directs Banks To Resolve Backlog Of Electronic Transactions Within Two Weeks
Banks have been directed to resolve all backlog issues relating to failed Automated Teller Machine, Point of Sale terminal and other electronic banking transactions within two weeks, starting June 8,…
- Business
- June 2, 2020
- 161 views
Crop Production Accounted For Over 90 Per Cent Growth In Agriculture —NBS
THE National Bureau of Statistics (NBS) has revealed that crop production accounted for 90.54 per cent of overall nominal growth of the agriculture sector in the first quarter of this…
CBN – ECONOMY CONTRACTED IN MAY
Economic activities in manufacturing, production, new others and other indices contracted in May after recording at least 36 months of consecutive growth. The statistics department of the Central Bank of…
CBN GIVES N50BN LOAN THROUGH MICROFINANCE BANK
The Central Bank of Nigeria is disbursing the N50bn COVID-19 credit facility to households and Micro, Small and Medium Enterprises affected by the pandemic through the Integrated National Association of…
10.5BN COVID-19 HEALTHCARE FUND DISBURSED BY CBN
The Central Bank of Nigeria has disbursed N10.5bn out of the N100bn credit intervention for the healthcare industry, which it recently introduced as part of the measures to cushion the…
JUST IN: POWER DISTRIBUTORS SUE FG OVER BUSINESS INTERFERENCE
Electricity distribution companies have dragged the Federal Government to court to restrain it from further interfering in the corporate business activities of the power firms. According to the firms, the…
BREAKING: WORLD BANK APPROVES $346M FOR PROJECTS IN NIGERIA, OTHERS
The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region. A statement from the World Bank explained that the projects,…
