The Central Bank of Nigeria, CBN, has warned that vandalism of oil facilities may worsen the country’s ranking on the global ease…
Economy
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The Central Bank of Nigeria (CBN) has unveiled a N500 billion low interest rate credit fund designed to boost non-oil exports. Announcing…
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The UN Development Programme (UNDP), on Thursday, warned that Nigeria might experience food shortage, if urgent interventions were not put in place…
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Central Bank of Nigeria is “reasonably optimistic” the naira will settle at around N250 to the U.S. dollar after an initial period…
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International Maritime Organisation, (IMO) has given the Nigerian Maritime Administration and Safety Agency (NIMASA) 90 days ultimatum to formulate a long term…
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EconomyNewsOil and Gas
Nigeria lost billions of dollars to non-remitted, underpaid monies in oil and gas – NEITI
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Mr Waziri Adio, said Nigeria lost billions of dollars in 2013 to sharp…
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Major Blue Chip Companies on the Nigerian Stock Exchange (NSE) on Wednesday posted huge gains reversing the negative trend with the equity…
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BusinessEconomyFinanceNews
REVISED GUIDELINES FOR THE OPERATION OF THE NIGERIAN INTER-BANK FOREIGN EXCHANGE MARKET
Issued 15th June 2016 Introduction In line with the objectives of enhancing efficiency and facilitating a liquid and transparent, Foreign Exchange (FX)…
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The Central Bank of Nigeria, CBN, has put in place a full float of the Naira, which will make the exchange rate…
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BusinessEconomyFinanceNewsStock Market
FMDQ Securities Exchange records N7.43trn transactions in May
The FMDQ OTC Securities Exchange says it posted transactions valued at N7.43 trillion in fixed income and currency markets (FIC) in May.…
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BusinessEconomyFinanceNews
Kemi Adeosun – Minister for Finance address at Stakeholders Meeting held with Commissioners of Finance on the Fiscal Sustainability Plan ( FSP)
I welcome you to this engagement, which is a critical part of the President Buhari led administration’s plans to reset and reflate…
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Federal and state government have agreed that states should no longer seek loans from banks but focus on internally generated revenue to…
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The Central Bank of Nigeria will today announce details of the much anticipated ‘flexible’ foreign exchange rate policy. Acting Director, Corporate Communications…
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The Federal Government recorded a deficit of N725.18 billion in its fiscal operations in the first quarter of 2016, according to data…