Economy
Emefiele says Nigeria spends $1.2bn to import fish annually
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele says about $1.2 billion dollars worth of fish is imported into…
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Economy
Economy
FG, States, Council share N740.880b
The Federal Account Allocation Committee (FAAC), in Abuja at its meeting, shared to the Federal Government, States and Local Government Councils a…
Economy
PTAD verifies 10,357 pensioners in South East
Over 10,000 pensioners of Federally funded Parastatals, Agencies and Institutes under the Defined Benefit Scheme (DBS) have been verified by the Pension…
Economy
Forex intervention: CBN injects $314.74m, CNY 23.5m into Retail SMIS
In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, September 20, 2019,…
Economy
MPC retains MPR at 13.5 recommends privatisation of assets
The Monetary Policy Committee (MPC) has retained the Monetary Policy Rate (MPR) at 13.5 per cent. Mr Godwin Emefiele, the Governor of…
Economy
FCMB Excites More Customers with Cash, Gifts at the “Millionaire Promo Season 6’’ Third Draws
On Wednesday, September 18, 2019, FCMB delighted and empowered another set of 644 customers with cash and various exciting gifts at the…
Economy
Excess Crude Account depleted to $274.583m
Nigeria’s Excess Crude Account has been depleted to an all time low of $274.583 million. The amount can not tide Nigeria over…
Economy
World’s first borderless digital “State” launched, to lend a voice to Young people, including African youth
An ambitious new non-political, non-religious digital "state" that aims to transcend national borders and empower the global youth community (13-24 years old)…
Economy
Oyo-Ita sacked as PMB appoints Yemi-Esan as Ag. HoCSF, redeploys 7 Perm Secs
President Muhammadu Buhari has approved the appointment of Dr. Mrs. Folashade Yemi-Esan as the Acting Head of the Civil Service of the…
Economy
Lafarge Africa Chief Finance Officer resigns
Lafarge Africa Plc on Wednesday announced the resignation of its Chief Finance Officer, Mr Bruno Bayet. The company stated this in a…
Economy
GenCos releases 3,367 MWH of electricity to national grid – report
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3,367 MegaWatts/Hour of electricity into the national…
Economy
Respite as Industrial Court in Benin set to address over 300 pending industrial disputes in Edo
President of the National Industrial Court of Nigeria (NICN), Justice Babatunde Adejumo, has said that the inauguration of the Benin Division of…
Economy
Inflation dips to lowest level in almost four years
Annual inflation in Nigeria stood at 11.02% in August, its lowest in almost four years, down from 11.08% in July, the National…
Economy
FMBN needs N500bn recapitalisation to provide affordable houses …Umar Abdullahi
Executive Director,Business Development & Portfolio Mgt, Federal Mortgage Bank of Nigeria, FMBN Mr Umar Abdullahi, has said that the bank needs urgent…
Economy
U.S. Consulate launches academy for women entrepreneurs
United States Consulate General in Lagos has launched the Academy for Women Entrepreneurs (AWE), a State Department-led initiative that supports women entrepreneurs…