Bank customers borrowed N947bn amid naira scarcity

Deposit Money Banks offered 130,854 new credits valued at N947.46bn to their customers in December 2022, according to a document by the Monetary Policy Committee of the Central Bank of Nigeria. A member of the MPC, Adeola Adenikinju, disclosed this in his personal statement made at the last meeting of the committee. He also disclosed

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PROPERTY FOR SALE

-FOR SALE: A SIX BEDROOM (5) DUPLEX ALL ENSUITE with pent house. WITH SERVANTS QUATERS. 2 bedroom LOCATION: Carlton Gate Estate Chevron Drive PLOT SIZE: 500 SQUARE METERS TITLE DOCUMENTS: Deed of Assignment VALUATION VALUED AT: 400,000,000 (four Hundred and Fifty Million) SALES PRICE: 300,000,000( three Hundred million) -Direct briefLand for sale Location: Eko Atlantic

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Business activities fall to three-year low over elections –Report

Nigeria’s private sector activity has contracted for the first time in almost three years as companies reduce output and cut jobs owing to cash and fuel shortages, a new report has revealed. According to Purchasing Managers’ Index compiled by S&P Global, Nigeria’s PMI  fell to 44.7 in February from 53.5 the month before. It’s the

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Lagos-Ibadan train service generated N5bn in 2022 – Report

The Federal Government through the Nigerian Railway Corporation generated about N5bn revenue from the Lagos-Ibadan train services in 2022, the PUNCH reports. The PUNCH findings showed that the coaches in the train which operates on the Lagos-Ibadan rail line have a passenger capacity of about 900/1000 passengers per trip. According to findings, between January 1 and August

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How rising oil production may boost FG revenue target

Nigeria’s rig count has been growing since the last quarter of last year and crude oil production has also been on the rise on the back of aggressive exploration and improved security in the Niger Delta.  OPEOLUWANI AKINTAYO examines the impact these recent developments would have on the country’s economy Nigeria’s oil rig count has maintained an

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