The Central Bank of Nigeria ( CBN ) has reinstated the nine banks that were recently suspended from the foreign exchange market. They…
Economy
-
-
Nigeria’s July 2016 inflation rate rose to17.1 per cent, its highest point of since 2005, a significant up tick. Report released by…
-
Nigeria’s revenue from crude oil sales dropped lower to N1.203 trillion in the first half of 2016. It dropped by N577 billion…
-
Ahead of 2017 budget, the Federal Government yesterday commenced the training of planning and budget officers of 800 Ministries, Department and Agencies…
-
The Vice President, Prof. Yemi Osinbajo, on Monday called on both local and foreign investors to be committed to the country’s economic…
-
Organised Private Sector Operators, government agencies and officials of ECOWAS and development partners are pushing for full implementation of the Economic Community…
-
Equity transactions on the Nigerian Stock Exchange (NSE) resumed for the week on Monday on a bearish trend as the market capitalisation…
-
MARITIME Workers Union of Nigeria, MWUN, yesterday, said no fewer than 20 shipping companies, had shut operations in Nigeria due to unfavourable government’…
-
A new Managing Director (MD) has been appointed for the National Economic Reconstruction Fund (NERFUND). He is Dr. Ezekiel Oseni. The Permanent…
-
BusinessEconomyFinanceNews
Banks forex suspension: blame game galore as naira falls to N402 per dollar
A heated blame game is trailing the suspension of nine banks from the foreign exchange market as a result of non remittance…
-
The President of Manufacturers Association of Nigeria (MAN), Mr Frank Jacob, says in spite of the current economic recession in Nigeria, the…
-
Director, Institute for Agricultural Research (IAR), Zaria, Prof. Ibrahim Umar-Abubakar, said Nigeria’s wheat import bill stood at $6 billion annually. Umar-Abubakar said…
-
***Diamond, Skye Bank, First Bank, Keystone, others fingered The Central Bank of Nigeria CBN, yesterday suspended nine banks from further dealing…
-
The Nigeria Deposit Insurance Corporation (NDIC) has recommitted to the realization of the Financial System Strategy (FSS 2020), the initiative aimed at…
-
Some major blue chips on the Nigerian Stock Exchange (NSE) on Tuesday recorded price depreciation as a result of profit taking by…