Category: Economy
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CBN Earns N121.14bn From Foreign Reserves Management In 2 Years
A further probe into the audited financials of the Central Bank of Nigeria (CBN) for the year ended December 31, 2017, shows that it earned a total of...
Nigeria’s 36 States Earned 49% Of Revenue From FAAC In 2017- CBN
The Central Bank of Nigeria (CBN) says total revenue of the 36 state governments in the country grew by a robust 21.3% to N2.992tr in 2017, representi...
Oil & Gas, Manufacturing Dominated Bank Lending In 2017- CBN
Despite the booby traps associated with oil and gas financing, the Central Bank of Nigeria (CBN) says the sector remains the favourite among the natio...
NPL Ratio of Nigerian Banks Soars From 2.9% To 14.8% in 3 Years
One revelation of the Central Bank of Nigeria (CBN) audited report for the year ended December 31, 2017, is the worsening Non-Performing Loans (risk a...
Nigeria Earned N7.317tr Revenue, Recorded N3.05tr Deficit In 2017
Nigeria’s total federally collected revenue in 2017 rose 30.3% to N7.317tr in 2017, according to the Central Bank of Nigeria (CBN) annual report for t...
Nigerian Economy Records $57.3bn Net Fx Inflow In 2017- CBN
The Central Bank of Nigeria (CBN) says net foreign exchange inflow into the Nigerian economy increased by US$20.13bn, or 54.12% in 2017, from US$37.19...
FIRS Begins Audit Of VAT, WHT Collections By States’ MDAs
Babatunde Fowler, the Executive Chairman of the Federal Inland Revenue Service (FIRS), on Thursday urged Governors and Finance Commissioners of Nigeri...
Nigerians Transferred N99.3tr Via e-Payment Platforms In 2017, Says CBN
More Nigerians are embracing the electronic cash transfers and payment platforms, as a substitute for besieging bank branches to make deposits or with...
CBN Publishes 2017 Financials, Nets N70.17bn Income
The Central Bank of Nigeria (CBN), on Tuesday published its audited financials for the year ended December 31, 2017, showing a 29.19% rise in total in...
Nigeria’s Foreign Reserves Decline By US$1.112bn In One Month
New data by the Central Bank of Nigeria (CBN) on Wednesday showed that the nation’s foreign reserves has declined steadily by US$1.112bn or 2.34% in t...
