… Military, paramilitary, govt institutions to patronise made-in Nigeria fabrics Federal Government yesterday announced a new funding policy mechanism that will ensure…
Category:
Economy
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The Minister Of Finance, Dr Ngozi Okonjo-Iweala, said on Tuesday said that the Federal Government had no plans to review the oil…
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BusinessEconomyNewsOil and Gas
IMF cuts global growth outlook, as crude oil prices near $48 a barrel
The International Monetary Fund, IMF, yesterday, lowered its forecast for global economic growth in 2015, and called on governments and central banks…
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EconomyFinanceNews
Central Bank of Nigeria Communique No. 99 of the Monetary Policy Committee Meeting of Monday 19th and Tuesday 20th January, 2015
The Monetary Policy Committee (MPC) met on January 19 and 20, 2015 against the backdrop of challenging external conditions and downside risks…
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On Sunday the federal government reduced petrol price to N87 from N97 it previously sold. Reduction of fuel prices is a welcome…
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The recent decisions of the Central Bank of Nigeria (CBN) to further tighten money supply have heightened competition for the retail segment…
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The Bank of Industry and other local investors have injected N1.56 billion on two rice mills and farms promoted by the former…
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The German Development Bank – KFW has earmarked $200 million to support the development of renewable energy in the country. The leader…
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The Ajaokuta Steel Company Ltd. (ASCL), in Kogi, is not moribund, the Sole Administrator of the firm, Mr Joseph Isah, has said.…
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The African Development Bank (AfDB) said on Thursday that it had approved five million dollars Line of Credit (LoC) to ABN Microfinance…
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Nigeria Interbank Settlement System (NIBSS) said that electronic payment through Point of Sale (PoS) terminals has risen by 191 percent to N241…
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The Federal Government has ordered automation of all agencies in the maritime sector of the economy as a way of controlling the…
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—naira devaluation to curb banks’ Eurobond desire —Russia rubble suffers 1.2% fall —10% depreciation in Kazakhstan’s tenge — Malaysia’s ringgit hit five-year…
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The Central Bank of Nigeria (CBN) said that it would withdraw N500 billion from the banking system through the recent increase in…
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Asset Management Corporation of Nigeria (“AMCON”) said that it has successfully completed the sale of the entire issued and fully paid up…