Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
Banks’ lending to private sector drops to N15.74tr
By Adaeze Okechukwu Banks reduced lending to the private sector to N15.74 trillion in the fourth quarter of 2017 (Q4’17). The Nigerian Bureau of Statistics, NBS, disclosed this in its Q4 2017 report titled, ‘Selected Banking Sector Data: Sectorial Breakdown of Credit, e – Payment Channels, Deposits and Domestic Credit Breakdown and Staff Strength’, released […]
Discos distribute 3.45 million metres —- NBS
The National Bureau of Statistics (NBS) yesterday, said that the 11 Distribution Companies (Discos) have metered 3.45 million customers as at end of 2017.
Forex: Bankers Committee cancels commission on BTA, PTA, others
The Bankers Committee yesterday decided that banks should no longer charge commission on foreign exchange transactions for Business Travel Allowance (BTA), Personal Travel Allowance (PTA), payment of medical bills and school fees.
Power: Consumers groan as DISCOs continue extortion
DESPITE improvement in the country’s power generation to a peak of 4, 351.70mega watts, MW, couple of days ago, Nigerians continue to groan over erratic power supply.
LPG: Stakeholders decry high tariff
Stakeholders in the gas sector have raised alarm over the continuous hike in tariff on the liquefied petroleum gas, LPG product, decrying the high price on LPG equipment which acts as a disincentive for investment.
