The House of Representatives on Wednesday pushed for a single-digit benchmark lending rate in the country’s banking industry. It directed its Committee on Banking and Currency to engage the Central Bank of Nigeria on the matter with a view to implementing a single-digit lending rate. It said this would encourage […]
Tag: Nigeria
FG appoints JP Morgan as Sovereign Wealth Fund custodian
The Federal Government has appointed a leading financial services firm, JP Morgan, as the custodian of the Sovereign Wealth Fund that is expected to become fully operational by the end of March. The Chief Executive Officer, SWF, Mr. Unche Orji, disclosed this to State House correspondents at the end of […]
Federation Account 2012: How They Shared N10.8 Trillion
The Economic Confidential Magazine provides the detailed tables of allocations of 10.8 trillion to Federal, States and Local Governments in Nigeria, between January 2012 & December 2012 from the monthly disbursements from the Federation Account. The allocations were made from Statutory, VAT, 13% Derivation, Foreign Excess Crude Account, Refunds from […]
