President Muhammadu Buhari on Thursday, ordered the Central Bank of Nigeria ”not to issue a kobo” of the country’s reserves for the importation of food items and fertilizer. This is as the […]
COVID-19: President Buhari issues new order to CBN
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AfDB: Details of President Buhari’s meeting with Akinwumi Adesina emerge
President Muhammadu Buhari on Thursday received in audience at the State House, Abuja, the newly re-elected President of African Development Bank (AfDB), Dr Akinwumi Adesina. The President congratulated the AFDB boss on […]
FG, States Received N3.88tn From FAAC In Six Months
Advertisements Register Your Business or Company Name With CAC The Federation Accounts Allocation Committee (FAAC) on Tuesday said it shared N3.879 trillion to the Federal Government, States, local government areas, […]
Justify The Necessity For Electricity Tariff Increase, Organised Private Sector Tells FG
File photo of electricity power lines and equipment Advertisements The Organised Private Sector of Nigeria (OPSN) has asked the Federal Government to justify the recent increase in electricity tariff which took […]
French Economy To Bounce Back As Lockdown Lifted
French President Emmanuel Macron speaks during a Defense Council video-conference on Niger at the Fort de Bregancon, southern France on August 11, 2020. Daniel Cole / POOL / AFP Advertisements France’s economy, […]
Five Million Households To Get Solar Home Systems In One Year – FG
A photo of assembled solar panels. Advertisements The Federal Government has concluded plans to provide solar home systems to no fewer than five million households in the next one year. President […]
Petrol Price Increase: Why Nigeria Cannot Afford Fuel Subsidy – Buhari
A file photo of President Muhammadu Buhari. Advertisements President Muhammadu Buhari has reacted to the increase in the price of Premium Motor Spirit (PMS), also known as petrol, by oil marketers […]
COVID-19: WTO key in vaccine accessibility, global recovery – Okonjo-Iweala
Former Minister of Finance, Ngozi Okonjo-Iweala, says the World Trade Organisation (WTO) can play a vital role in accessibility coronavirus vaccine. The former World Bank Managing Director spoke at a reception held […]
Angry reactions trail new fuel price, electricity tariff in Nigeria
By Nwafor Sunday Nigerians can no longer hold their emotions, as President Muhammadu Buhari increased the fuel price and electricity tariff to N151 and N66 respectively. Advertisements Yesterday, a subsidiary of the […]
CBN To Resume FOREX Sales To BDC’s On Monday
Advertisements The Central Bank of Nigeria has said that it will resume sales of foreign exchange to operators of Bureau de Change (BDCs) from Monday, September 7, 2020. Register Your Business […]
China Is Nigeria’s Highest Import Partner, Total Trade At N6.2bn In Q2 – NBS
Advertisements The demand for goods and services from China is still on the high as the Asian country tops the list of import trading partners by 31.41% in the second quarter […]
Kano Multi-Billion Naira Economic City Is Near Completion, Says Ganduje
Kano State Governor, Abdullahi Ganduje, briefs State House correspondents in Abuja on Wednesday, September 2, 2020. Advertisements Kano State Governor, Abdullahi Ganduje, has said that the multi-billion naira economic city under […]
Nigeria To Become Major Exporter Of Petroleum Products In Two Years, Says DPR
Advertisements The Department of Petroleum Resources (DPR), has said that with the five refinery plants under construction across the country and seven others, Nigeria will be a net exporter of petroleum […]
Kebbi Flood: Buhari Laments Loss Of Lives, Over N1bn By Rice Farmers
A file photo of President Muhammadu Buhari. Advertisements President Muhammadu Buhari is concerned over the flood that claimed a number of lives in Kebbi State, north-west Nigeria. The President’s Senior Special […]
AfDB will focus on institutions, people, delivery, sustainability – Adesina
Akinwunmi Adesina, President of the African Development Bank (AfDB) says he is grateful for the opportunity to serve the continent. Adesina spoke on Tuesday in an address during his second term inauguration. […]
Youth Entrepreneurship Investment Banks Will Unleash Africa’s Potentials – Adesina
Advertisements The African Development Bank (AfDB) has said that the establishment of Youth Entrepreneurship Investment Banks will help to fully unleash youth potentials through technology and entrepreneurship. Register Your Business or […]
CBN Cuts Interest Rate On Savings Deposits To 1.25%
Advertisements The Central Bank of Nigeria (CBN) has directed deposit money banks in Nigeria not to pay less than 1.25% in interest on savings deposit accounts. Register Your Business or Company […]
AfDB Will Support Africa With Quality Infrastructure In Healthcare, Manufacturing – Adesina
Advertisements President-elect of the African Development Bank Group (AfDB), Akinwumi Adesina has promised to give more support to ensure that the continent’s infrastructure gap is reduced by providing quality growth. Register […]
Asian Markets Mostly Up As Focus Turns To US Jobs Data
A woman walks past a screen showing information and the index of the Taipei Stock Exchange on July 24, 2020. Sam Yeh / AFP Advertisements Asian markets mostly rose Tuesday following […]
German Unemployment Stabilises In August
A picture taken on March 19, 2020 shows a view of closed restaurants, bars and locations for adult entertainment on the “Grosse Freiheit” street in the red light district of the northern […]
Italy Plunges Into Recession As COVID-19 Bites
People shop at the outdoor market and walk about in central Rome on May 9, 2020, during the country’s partial lockdown aimed at curbing the spread of the COVID-19 infection, caused by […]
54 million Nigerians poor, unemployed – BudgIT
BudgIT, on Monday, released its report on Nigeria’s economic challenges titled ‘Investing in People’. It recommended 6 broad goals with 18 priority actions that would effectively end poverty, improve health, advance education, […]
AfDB Re-election: Adesina To Be Sworn-In On Tuesday
Nigeria’s Akinwumi Adesina has been re-elected as the President of the African Development Bank (AfDB). Advertisements Re-elected President of the African Development Bank, Dr Akinwumi Adesina, will be sworn-in on Tuesday, […]
Chile Unemployment Rises By 5.6%, Hits New Record Of 13%
Truck drivers protest by cutting off highway 5 in Pillanlelbun, Temuco, Chile on August 27, 2020. MARIO QUILODRAN / AFP Advertisements Unemployment in Chile has reached a new record high of 13.1 […]
Financial Inclusion: CBN Directs Licence Payment Service Banks To Reach Unbanked Persons
A photo showing the CBN headquarters in Abuja. Photo: Channels TV/ Sodiq Adelakun. Advertisements The Central Bank of Nigeria (CBN) has issued guidelines for licensing and regulation of Payment Service Banks […]
Nigeria’s Capital Investment Inflows Drop To $1.29bn In Q2 2020
Advertisements The total value of capital importation into Nigeria dropped to $1.29 billion in the second quarter of 2020 from the $5.854 billion reported in the first quarter of 2020, latest […]
Softcom Hosts Webinar on Leveraging Technology To Unlock Consumer Insight For Business Growth
Advertisements Softcom, an innovative technology company is set to host a webinar to discuss how businesses can leverage technology to drive consumer loyalty and advocacy towards achieving business growth. Register Your […]
CBN orders BDC operators to sell dollar at N386
The Central Bank of Nigeria (CBN) has resumed sales of foreign exchange to Bureau De Change (BDC) operators. The apex bank pegged sale to Nigerians at N386. Ozoemena Nnaji, Director Trade and […]
AfDB: How Buhari reacted to reelection of Akinwunmi Adesina
President Muhammadu Buhari has felicitated Akinwunmi Adesina over his re-election as the President of the African Development Bank (AfDB). Adesina was re-elected as President of AfDB for a second tenure on Thursday […]
Okonjo-Iweala reacts to Adesina’s re-election as AfDB President
Former Minister of Finance, Dr. Ngozi Okonjo-Iweala, has congratulated Dr. Akinwumi Adesina on his re-election as the President of the African Development Bank (AfDB). Okonjo-Iweala, who is also seeking appointment as the […]
Akinwunmi Adesina reacts to re-election as AFDB president
Dr. Akinwumi Adesina, the President of African Development Bank (AfDB) has reacted to his re-election for a second term. Adesina was re-elected to serve for another 5 years after the election on […]
Mobile network operators recorded 9,077 cases of service outages in second quarter of 2020 – NCC
The Executive Commissioner, Stakeholder Management (ECSM), Nigerian Communications Commission, NCC, Adeleke Adewolu, has revealed major mobile network operators (MNOs) in the country recorded 9,077 cases of service outages on their networks in […]
COVID-19: Presidency reacts to NBS latest report on Nigeria’s economy
The Presidency on Wednesday reacted to the latest economic growth figures released by the National Bureau of Statistics, NBS. NBS, in its latest report, said Nigeria’s Gross Domestic Product, GDP, suffered a […]
Presidency Reacts To –6.10% GDP Decline, Says Nigeria Not Doing Bad
File photo of the NBS. Advertisements The Presidency has hailed the second quarter (Q2) Gross Domestic Product (GDP) estimates by the National Bureau of Statistics (NBS). Register Your Business or Company […]
South Africa’s Annual Inflation Climbs To 3.2%
A queue of cars are seen at the Maseru Bridge border post between Lesotho and South Africa on March 24, 2020. Molise Molise / AFP. Advertisements South Africa’s annual consumer inflation […]
Emefiele To Host CEOs Of Multinational Companies Over Export Market
Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, speaks to the press about the Monetary Policy Committee meeting of June 20, 2020 Advertisements Governor of the Central Bank of […]
European Stock Markets Surge On Vaccine Hopes
Advertisements European stock markets surged Monday on hopes of a coronavirus vaccine, while the dollar waned on continued deadlock over a new US stimulus deal, dealers said. Register Your Business or […]
GDP Decline: Time To Start Doing Some Things Differently, Says Rewane
A file photo of Bismarck Rewane, the CEO of Financial Derivatives Company and a member of the Economic Advisory Council (ECA). Advertisements Notable economist and adviser to the Federal Government, Bismarck […]
AfDB: Nigeria increases its shares ahead of Adesina’s re-election
As the re-election of the President of African Development Bank (AfDB), Akinwumi Adesina draws closer, Nigeria has increased its shares in ownership of the Bank. Nigeria, according to a report by Bloomberg […]
Lagos Empowers Innovators and Tech Start-ups with N100m Innovation Grant
Lagos Empowers Innovators and Tech Start-ups with N100m Innovation Grant The Lagos State Government has awarded grants to start-ups and science research initiatives from various universities within the state. The total grant […]
CAMA: You must submit details of your finances, no going back – Nigerian govt declares
The Corporate Affairs Commission (CAC) has said that those wailing over the new Company and Allied Matters Act (CAMA) should better stop because there is no going back. CAC said the new […]
Lagos Govt Targets December To Deliver Iconic Office Projects
Lagos State Governor, Babajide Sanwo-Olu, with others while inspecting an ongoing office project in the state. Advertisements Amid the economic recession and dwindling financial resources occasioned by the COVID-19 pandemic, the […]
UK Government Debt Surpass £2 Trillion For First Time
A handout photograph released by the UK Parliament shows Britain’s Prime Minister Boris Johnson during Prime Minister’s Questions (PMQs) in the House of Commons in London on July 15, 2020. JESSICA TAYLOR […]
WTO, AfCTA Will Affect Nigeria’s Revenues – Customs CG
A file photo of Customs Comptroller General, Hameed Ali. Advertisements Comptroller General of the Nigeria Customs Service, Hameed Ali, on Thursday, said the World Trade Organisation (WTO) treaty and the African […]
Stocks Slide As US Jobless Data Fuel Economy Concerns
Traders work on the floor of the New York Stock Exchange (NYSE). Spencer Platt/Getty Images/AFP. Advertisements Stock markets slid Thursday as worse-than-expected US jobless data stoked concern about the outlook for […]
Nigerian Govt Projects N12.658trn Budget For 2021
A file photograph of the Minister of Finance, Budget, and National Planning, Zainab Ahmed. Advertisements The Federal Government hopes to have a budget expenditure framework projected at N12.658 trillion for the […]
European Stocks Extend Gains, Dollar Weakens
Advertisements European stock markets rose Tuesday, extending the previous session’s gains after a record-lead from Wall Street tech stocks but confidence was kept in check by ongoing China-US tensions and lack […]
Nigerian traders must pay $1m – Ghana insists
The Ghanaian authorities have said Nigerian shop owners in the country must pay taxes and other fees imposed on them. The country’s Ministry of Trades, while insisting on the payment, said that […]
Lagos Govt Extends Operation Hours Of Markets
A file photo showing traders at a food market. Advertisements The Lagos State government has extended the hours of operations of both food markets and non-food markets across the state. In […]
Popular bank exposed for not paying GDR dividend over dollar shortages
Popular bank exposed for not paying GDR dividend over dollar shortages Advertisements A popular Nigerian Bank whose name was withheld has been exposed for not being able to pay dividends to its […]