Thursday, May 21, 2020 Banks’ total assets rise 11.2% to N42tn The total assets of banks rose to N42.2tn as of the end of February 2020. A member of the Monetary Policy Committee, Dr Rafindadi Sanusi, disclosed this in his presentation during the last MPC meeting of the Central Bank of Nigeria…Read more. NNPC reduced…
DetailsTuesday, May 19, 2020 FG targets five million jobs from €995m agric programme The Federal Government says it is targeting about five million jobs for farmers through the €995m agricultural mechanisation programme. The initiative was aimed at boosting food security for the country…Read more. CBN, NNPC to spend N1bn on 3,000 returnees the Central Bank…
DetailsMonday, May 18, 2020 CBN naira defence depletes foreign reserves by $3.17bn Forex scarcity due to falling crude oil price forced the Central Bank of Nigeria to access the country’s foreign reserves to make forex available in the economy; NIKE POPOOLA reports that this gulped $3.17bn in the first quarter…Read more. We have paid FG…
DetailsFriday, May 15, 2020 Oil records second monthly drop, unsold cargoes increase Crude oil in the Organization of Petroleum Exporting Countries reference basket dropped for the second consecutive month in April, shedding 48 per cent of its worth, as cargoes of unsold oil continued to accumulate, OPEC has said…Read more. Nigerian railway insists on face…
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