Business
JAMB remits N7billion to FG for 2020, promises more
The Joint Admissions and Matriculation Board, JAMB, says it has made an interim remittance of N3.5 bilion to the Federal Government's consolidated account for the 2020 expected remittance.
CBN resumes dollar sales for SMEs, school fees
The Central Bank of Nigeria, CBN, says it has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay school fees and, Small and Medium Enterprises, SMEs, wishing to make essential imports.
The apex bank, in a statement by its Director of Corpora [...]
CBN lifts suspension on cheque clearing
The Central Bank of Nigeria, CBN, has lifted the temporary suspension it placed on cheque clearing in the Nigerian clearing system.
In a circular addressed to all Deposit Money Banks, DMBs, and the Nigeria Inter-Bank Settlement System, NIBSS, the apex bank noted that cheque instruments will be [...]
FG, states, LGAs share N780.926 for March 2020
The Federation Accounts Allocation Committee, FAAC, has disbursed a total of N780.926 billion to the federal, state, local governments and relevant agencies for the month of March 2020.
The N780.926 billion comprised Statutory Revenue, Value Added Tax, VAT, and Exchange Gain, a st [...]
Nigeria’s inflation rises to12.26%
Nigeria’s inflation rate rose to 12.26 per cent in the month of March from 12.20 percent recorded in February, 2020.
The National Bureau of Statistics, NBS, disclosed in its consumer price index, CPI, which measures inflation, on Tuesday that the March figures showed that the inflation in [...]
Nigeria posts $434.85 million crude oil sale in January
Nigeria recorded crude oil and gas export sale of $434.85 million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures.
A statement by the Group General Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporation, NNPC, Dr. Kennie O [...]
Nigeria posts $434.85 million crude oil sale in January
Nigeria recorded crude oil and gas export sale of $434.85 million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures.
A statement by the Group General Manager, Group Public Affairs Division of the Nig [...]
Lockdown: CBN wants undisrupted bank services
The Central Bank of Nigeria, CBN, says a presidential approval has been obtained to permit critical financial services to function during the period of lockdown in some parts of the country to stem the spread of COVID-19.
The apex bank in a statement by its Director of Corporate Communications, [...]
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