Reps Passed Bill Seeking 40% of Budget for Capital Projects The House of Representatives has passed a bill seeking allocation of 40 percent of the national...
Foreign Reserves Decline By 11.8% in 5 Months The Nigerian foreign exchange reserves declined further in November despite government efforts to maintain healthy foreign reserves. The...
Mobile Money: Transfers Grew by 344.1% in 10 Months The volume of money transferred through mobile devices rose by 344.1 percent in 10 months, data from...
Kenya Lowers Rate to Stimulate Growth In a bid to stimulate growth and deepen economic productivity, the Central Bank of Kenya led Monetary Policy Committee lowered...
Nigeria’s Capital Inflow Drops by 7.8% in Q3, 2019 The total value of capital imported into the Nigerian economy in the third quarter of 2019 stood...
Investors Oversubscribed for FGN Bonds Investors oversubscribed for the FGN bond auctioned on Wednesday by N102.35 billion, according to the Debt Management Office (DMO). According to...
CBN ‘Counterproductive’ Policy Forced Nigerians to Pay Cash The Central Bank of Nigeria has introduced several policies and directives to stimulate growth, turn Nigeria into a...
FG Endorsed €500 Million Loan for Bank of Industry The Federal Government on Wednesday approved the provision of a Sovereign Guarantee of €500 million from Credit...
Cashless Policy Suffers Setback as Merchants Dump POS Merchants have started dumping Point of Sale (PoS) for cash payments as customers refused to pay N50 stamp...
Foreign Inflow Declined by 6.7% in Q3 The total foreign exchange inflow recorded by the Central Bank of Nigeria in the third quarter stood at $11.69...
