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Customers of GTB, Zenith, Access, others default on repayment of N1.5trn loan
Data from the CBN found that there were N1.5 trillion worth of NPL in the banking industry out of a total of N37.81 trillion in credit as of the end of June 2023.
Amid N87tn debt, DMO says there is room for N1.7tn new external borrowing
Director General of the Debt Management Office (DMO), Patience Oniha has said that there was budgetary approval authority to borrow N1.7 trillion in foreign debt.
NEC explains how NNPC’s $3bn Loan-for-crude facility will be deployed
The National Economic Council affirmed that the $3bn emergency loan-for-crude oil the FG secured in August would be deployed to stabilise the naira.
Angola's new $1bn Cabinda refinery set to compete with Dangote in 2024
Anibor Kragha, Executive Secretary of the African Refiners and Distributors Association (ARDA) said first phase of Cabinda refinery will begin operation by 2024
Dangote speaks on how much tax he pays as FG plans higher taxes for wealthy Nigerians
A representative of the Dangote Group has disclosed that three Dangote Group subsidiaries paid the federal government a total of N474 billion in taxes.
China, US, Yemen lead list of top 5 destinations for Nigeria’s non-oil exports
A new CBN monthly economic report for May has shown that Yemen, USA, India, Japan and China top the major destinations of non-oil exports in May 2023.
NEITI report shows NNPCL failed to remit N2.8 trillion in taxes to FG
According to the Nigerian Extractive Industries Transparency Initiative, in 2022, the Nigerian National Petroleum Company Limited failed to pay the FG N2.8trn taxes.
After launching Dangote Refinery, Africa’s richest billionaire set to unveil Dangote Foods
Dangote has announced that the proposed merger of Dangote Sugar Refinery, NASCON Allied Industries, and Dangote Rice would be completed before the end of 2023.
Updated: Full list of CBN governor from 1958 till date and their major achievements
The CBN was created in 1958 and as the apex bank, it is in charge of managing Nigeria's financial system and releasing the naira, the nation's official currency.
Zainab Iwayemi
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