Nigeria can block loopholes that have cost the federal government tens of billions of dollars in oil and gas revenue if the National Assembly approves the new Petroleum Industry Bill (PIB). Nigeria’s first female Petroleum Minister, Mrs. Diezani Alison-Madueke had in the first quarter of the this year commissioned a Petroleum […]
Tag: Federal Government
Banks Credit to Private Sector rises by 1% in July 2012-CBN
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Banking system Credits to the Private Sector has risen to N14.845 billion in July 2012 indicating a rise of 1.0 percent (1.0%). This is contained in the Central Bank of Nigeria’s (CBN’s) Economic Report for the Month of July 2012. According to the CBN’s Economic […]
Bank lending fell by 2.7% in Q2 – CBN
Aggregate net credit by banks to the domestic economy fell in the second quarter by 2.7 per cent to N13.31tn, as against the marginal decline of 0.1 per cent at the end of the preceding quarter. Latest report released by the Central Bank of Nigeria showed that the decline in […]
