Economy
Nigeria’s Public Debt Grows by 0.61% in Three Months to N87.91 Trillion
Nigeria’s total public debt stock, including domestic and external debt obligations of the federal government, states, and Federal Capital Territory (FCT), rose to N87.91 trillion ($114.35 billion) at the end of the third quarter of the year (September), the Debt Management Office (DMO) revealed yesterday. The increase represented a marginal rise of 0.61 per cent […]
$19bn Dangote Refinery gets another 1m barrels crude oil
With the delivery of two million barrels of crude, the $19 billion Dangote Oil Refining Company is set to commence production of petroleum products paving the way for additional jobs and foreign exchange relief to the economy. This follows yesterday’s delivery of an additional one million barrels of crude oil yesterday to the refinery, two […]
CBN Suspends New Request For Intervention Loans
The Central Bank of Nigeria (CBN) has announced the suspension of new loan applications under its intervention programme. The announcement was communicated in a circular entitled “Suspension of Acceptance of New Applications under the Existing Central Bank of Nigeria, CBN Development Finance Intervention Programme,” addressed to the chief executives of banks. The circular, signed by […]
Breaking: CBN suspends charges on cash deposit for individuals, organisations
The Central Bank of Nigeria (CBN) has suspended charges on cash deposits for individuals and corporate organisations with immediate effect till April 30, 2024. Details soon… Affairs TV News Click Here to Join our WhatsApp Group Click Here to Join Our Telegram Group
Beware Of Fake Naira Notes In Circulation, CBN Warns Nigerians
The Central Bank of Nigeria (CBN) Friday warned Nigerians to beware of counterfeit Naira bank notes in circulation. The apex bank in a statement advised Deposit Money Banks, Financial Houses, Bureau de Change, and the public to be vigilant and implement necessary precautions. The bank assureed the public that it was working with law enforcement […]
Dangote refinery gets first crude supply
The first crude feedstock for Dangote’s 650,000 b/d refinery has arrived the country, according to SP Global quoting market sources and tanker tracking data. The analytical firm said the development indicated that fuel production at the new $19 billion facility is finally set to start after years of delays. According to the report; the OTIS […]
CBN Governor approves reviewed service charter
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has approved the apex bank’s revised “Service Charter.” According to the News Agency of Nigeria (NAN), the service charter is a prerequisite of the Business Facilitation Act 2022 that is meant to drive the ease of doing business in Nigeria. It compels the CBN […]
Reps Issue Warrant Of Arrest Against CBN Gov, AGF, Others
The House of Representatives Committee on Public Petitions has issued a warrant of arrest against the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, for refusing to appear before it to answer questions on the oil sector. The panel also ordered the arrest of the Accountant General of the Federation, Oluwatoyin Madein, and […]