Mixed outlook as cost of funds defies N515bn inflow vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
Views: Visits 7 By Babajide Komolafe Cost of funds in the interbank money market rose to 19.2 per cent last week, defying N515 billion inflow during the week. The inflow comprised N110 billion from matured secondary market (Open Market Operations, OMO) treasury bills, N14.91 billion from FGN Bond Coupon payment and statutory allocation of N390 billion from Federation Accounts Allocation Committee (FAAC) to the state. READ ALSOConfession video of ESN member: Nnamdi Kanu is 419, he should lead from Nigeria The impact of the inflow was, however, cancelled by outflow comprising N87.95 billion through Nigerian Treasury Bills (NTB) issuance, N41 billion through OMO bills auction, debit for Cash Reserve Ratio (CRR) and foreign exchange auction.
By EricJames Ochigbo Abuja, May 25, 2021 The House of Representatives Committee on Finance has demanded that NNPC submits evidences of revenue remittances into the Consolidation Federation Account between 2014 and 2019. At an investigative hearing on Tuesday in Abuja, the committee also demanded for NNPC’s audited
Nduka Chiejina (Assistant Editor) The Nigeria National Petroleum Corporation (NNPC) has kept its word, making zero remittance to the Federation Account Allocation Committee (FAAC) for the month of May, 2021. Our correspondent observed that unlike in previous schedules, NNPC’s column showing what the corporation remitted to FAAC was blank. “We didn’t see anything from NNPC for the month of May, but we received some money from other oil and gas.
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