Nigerian delegation to 2019 IMF/World Bank secures $3bn World Bank power financing, Nigerian banks are sound

At the conclusion of the 2019 IMF/World Bank Annual Meetings in Washington, the Nigerian delegation led by the minister of Finance said they have reached a...

IMF backs Nigeria border closure, says China a very important development partner for many countries in Sub-Saharan Africa,

International Monetary Fund IMF Africa department Director Abebe Aemro Selassie in Washington DC at the ongoing IMF/World Bank meetings held a press conference on sub-Saharan Africa...

IMF/World Bank Annual Meetings in pix

EU plans $1.2 trn post-Brexit budget

European Union leaders will discuss a new budget plan on Friday that could allow the bloc to spend up to 1.1 trillion euros ($1.2 trillion) in...

NSE moves 310.56m shares worth N4.99bn

The Nigerian Stock Exchange (NSE) moved 310.56 million shares worth N4.99 billion in 2,825 deals. This was against 147.09 million shares valued at N2.89 billion traded...

Forex Intervention: CBN sells $325.56m, CNY14m into Retail SMIS

Central Bank of Nigeria (CBN) has made an intervention of $325.5million in the retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short tenored...

IMB reports drop in piracy as Nigeria deep blue project takes off —NIMASA

The International Maritime Bureau (IMB) has reported a drop in piracy attacks in Nigeria in the third quarter of 2019. IMB said in its latest report, “Nigeria...

Afreximbank President receives two awards in the U.S.

Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), today in Washington, D.C., received the 2019 2019 Man of the Year Award from Diaspora Today...

CBN to keep using Monetary Policy to achieve price stability

Central Bank of Nigeria (CBN) in its 2018 Financial Stability report said it will continue to use monetary policy tools to achieve price stability and thus...

FAAC: FG, States, LGAs share N693.529bn for September

The Federation Account Allocation Committee (FAAC) in Abuja, shared a total of N693.529 billion to the three tiers of government for the month of September, 2019....