CBN Sells TBs Above Inflation to Attract FX Flows The Central Bank of Nigeria has offered six and 12-month Treasuries at yields higher than the country’s...
Debt Servicing Gulped N7.88tn in Five Years The Federal Government spent $25.82bn to service its debts between 2012 and 2016, the Debt Management Office has said....
Cash Crunch Hits Banks as CBN Mops up Naira In order to reduce demand for foreign exchange, especially the dollar, the Central Bank of Nigeria has...
FG Releases N470bn for Outstanding Pension The Nigeria Union of Pensioners (NUP) has commended the Federal Government for the release of about of he sum of...
N200b Online Payment Revenue Vista for MSMEs A fresh window of opportunity may have come the way of Nigeria’s estimated 37 million Micro, Small and Medium...
ABCON Boss Urges CBN to Mop up Naira, Cut Interest Rate Financial expert, Alhaji Aminu Gwadabe, has urged the Central Bank of Nigeria to further mop...
Seven Banks ‘Hide N249.6b for Unknown Govt Officials’ A Federal High Court in Lagos yesterday ordered seven banks to remit to the Federal Government $793,200,000 (about...
Stocks Gain N63bn, Transcorp Hotels Profit Drops by 60% The Nigerian Stock Exchange market capitalisation appreciated by N63bn at the close of trading on Thursday, driven...
Foreign Banks to Finance N5bn Ikeja ICT Mart Some foreign banks have agreed to finance a N5bn investment project scheduled to commence in October this year....
Nigeria’s Forex Inflow Hits $15bn in First Quarter The aggregate foreign exchange (forex) inflow into the Nigerian economy in the first quarter of 2017 has been...
