Federal and state government have agreed that states should no longer seek loans from banks but focus on internally generated revenue to boost their finances. This is...
The Central Bank of Nigeria will today announce details of the much anticipated ‘flexible’ foreign exchange rate policy. Acting Director, Corporate Communications Department, CBN, Mr. Issac...
The Federal Government recorded a deficit of N725.18 billion in its fiscal operations in the first quarter of 2016, according to data released, yesterday, by the...
Indications emerged weekend that banks have started to close the accounts of suspected Bureaux de Change and some politically exposed persons to avoid Economic and Financial...
Bank workers can now heave a sigh of relief, as Deposit Money Banks, under the aegis of Bankers Committee have agreed to halt further mass sack...
International carriers may follow the example of United Airlines and Iberia and halt operations in Nigeria or cut flights as they struggle to move revenue out of...
The European Union has extended its ban on importation of dried beans from Nigeria by three years. Dr Vincent Isegbe, the Coordinating Director, Nigeria Agricultural Quarantine...
Nigeria’s crude oil export dipped further by 130,000 barrels per day, as operators yesterday said the Trans Niger Pipeline, TNP, operated by Shell Nigeria, has been...
Acting Managing Director, Bank of Industry (BOI), Mr Waheed Olagunju, said that the bank targeted to disburse N212 billion this year which would lead in creating...
In spite of the scarcity and restrictions in the nation’s foreign exchange market, seven banks made N78 billion trading in foreign exchange in 2015. Investigations revealed...
Central Bank of Nigeria Communique No 107 of the Monetary Policy Committee Meeting of Monday and Tuesday 23rd and 24th May 2016 The Monetary Policy Committee...
Retains MPR at 12%; CRR 22.5 %, Liquidity at 30% The Central Bank of Nigeria, CBN, yesterday, announced “a flexible exchange rate regime” in order to...
Turmoil in Nigeria, shale bankruptcies in the United States and Venezuela have contributed to tightening crude oil supplies. Oil prices rose as a result yesterday. However,...
A gas pipeline in Nigeria’s restive Niger Delta region operated by the state energy company was attacked late on Thursday, a spokesman for a local community...
Nigeria economy shrank in the first quarter of 2016 as oil output fell and the manufacturing, financial and real estate industries declined considerably. The National Bureau...