Bank lending to the domestic economy increased by four per cent to N13.8tn at the end of July, according to the Central Bank of Nigeria’s latest monthly report. The report, available on the bank’s website, stated that the four per cent increase was on month-on-month basis, compared with the growth […]
Tag: July
Nigeria state revenues tumble 42 pct in July due to oil outages
* July sees lowest monthly revenues this year * Oil theft hitting govt finances * Excess crude account holds $5.1 bln vs $9 bln end 2012 Nigeria’s government revenues slumped 42 percent in July due to oil theft and production outages, the accountant general said on Friday, underscoring how […]
Nigeria Records US$3.34 billion FOREX Inflow in July 2012
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria recorded Foreign Exchange (FOREX) inflow of US$3.34 billion through the Central Bank in the Month of July 2012. This is contained in the Economic Report for the Month of July 2012 by the CBN. Similarly, the country recorded an outflow of US$2.93 billion in […]
