FG Recorded N3.21tn Fiscal Deficit in 2016 The Federal Government recorded a fiscal deficit of N3.21tn in its operations last year, figures obtained from the Central...
CBN, NDIC Warn against Ponzi Schemes The Nigeria Deposit Insurance Corporation (NDIC) thursday in Enugu warned Nigerians against patronising various ponzi schemes and other forms of...
German Factory Orders Recover as Economic Momentum Strong German factory orders rebounded from their steepest decline in eight years in a sign the recovery in Europe’s...
Naira Overvalued by 20%, Says IMF The International Monetary Fund has said Nigeria’s economy needs urgent reform. In a in a report published on Wednesday, it...
Banks’ Non-performing Loans Hit N2tn – CBN The challenging economic situation in the country made the banking industry’s non-performing loans ratio to rise from N1.678bn in...
Stock Market Reverses Losses as Mobil, Others Rise The equities market of the Nigerian Stock Exchange pared its recent losses on Wednesday, with the market capitalisation...
Forte Oil, 18 Others Push NSE Index Lower The equities segment of Nigerian Stock Exchange extended its declines on Tuesday as 19 stocks led by Forte...
Naira Gains on Fresh Dollar Supply, Now 390/dollar The naira recorded a gain against the United States dollar on the parallel market on Tuesday, a day...
Viable Tax System Vital to Revenue Drive –CITN The Chartered Institute of Taxation of Nigeria and the Lagos State Internal Revenue Service have emphasised the importance...
CBN Directs Banks to Pay Cash to Forex Users The Central Bank of Nigeria on Monday directed all banks to pay cash over-the-counter to desiring foreign...
