International Monetary Fund, IMF has said that crude oil exporters in sub-Saharan Africa should target buffers of around 5 to 10 per…
Category:
Finance
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A Federal Capital Territory High Court has ordered the interim forfeiture of cash and properties recovered from the former Accountant General of…
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President Muhammadu Buhari has written to the National Assembly, seeking for the approval of restructuring of N23.7trillion borrowed by the federal government…
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Federal Government is to activate the stoppage of cash withdrawal from all public accounts with immediate effect. In place of cash withdrawals,…
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Extending gains for the fifth consecutive session, the Lagos bourse closed higher as the benchmark index gained 0.04% to settle at 49,416.18 points. Gains in…
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African Export-Import Bank (Afreximbank) has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of the United States (U.S. EXIM) to…
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EconomyFinanceNews
World Bank warns on possible negative impact on economy, poor households of redesign Naira
The World Bank has warned that the time and short transition period to the redesigned Naira notes will have a negative impact…
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National Insurance Commission has said that the industry industry recorded a total Asset of about N2.3 trillion, indicating a 9.0 per cent…
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Ghana has said it will suspend payments on most of its external debt, effectively defaulting as the country struggles to plug its…
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EconomyFinanceNews
Nigerian diaspora remittances in 2021 hit $20bn top foreign direct investment—Buhari
Nigerians in the diaspora remitted more than $20 billion in 2021, President Muhammadu Buhari said in Washington. The president made the comment…
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EconomyFinanceNews
POS operators petition Buhari, call for suspension N20,000 cash withdrawal Limit of policy
A group under the aegis of Point of Sale ( POS Operators ) in Nigeria has kicked against the cashless policy of the…
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Ending the week, the Lagos bourse maintained the bullish trend for the third consecutive session as the benchmark index closed 0.17% stronger…
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The Central Bank of Nigeria has directed banks to take down serial numbers of new Naira notes whenever it is withdrawn. Bank staff…
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Nigeria Inter-Bank Settlement System (NIBSS) data indicate that bank customers in Nigeria transferred a total of N2.1 trillion over mobile in November…
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The local bourse extended its positive close as gains in MTNN, STANBIC, and ZENITHBANK lifted the benchmark index by 0.5% to 49,233.02…