Economic Confidential

Stop Retrenchment, Bankers’ Committee Orders Banks

Stop Retrenchment, Bankers’ Committee Orders Banks The bankers committee led by the Central Bank of Nigeria(CBN) has stopped further retrenchment of staff by various commercial banks in the country. The development is sequel to a special meeting of the Bankers’ Committee...

Lockdown: Joint Border drill Seizes 674 bags of Rice in Kwara

Lockdown: Joint Border drill Seizes 674 bags of Rice in Kwara The Nigeria Customs Service(NCS) Joint Border Operations Drill(JBOD) sector 3 has seized 674 baga of foreign rice within the lockdown order amidst COVID-19 pandemic. Sector 3 of the Task Force...

SEC Urges Nigerian Workers to Invest in Capital Market

SEC Urges Nigerian Workers to Invest in Capital Market Nigerian workers have been urged to invest in the Nigerian capital market in a bid to create wealth and save towards their retirement. The advice was given by the Acting Director General...

New NNPC Graduate Trainees Assume Duty Monday

New NNPC Graduate Trainees Assume Duty Monday More than 1,000 graduate trainees recently recruited by the Nigerian National Petroleum Corporation (NNPC) are to assume duty Monday 4 May, 2020, a release by the corporation’s Group General Manager, Group Public Affairs...

FG Disburses N43.41bn World Bank Assisted Grants to 24 States

FG Disburses N43.41bn World Bank Assisted Grants to 24 States The Federal Government of Nigeria has disbursed the sum of N43,416,000,000.00 (USD120.6 million) as performance-based grants to 24 eligible States on the basis of the results achieved in 2018 under...

DMO says April Bond Auction Oversubscribed by 459%

DMO says April Bond Auction Oversubscribed by 459% The Debt Management Office (DMO) has said that the FGN Bond Auction conducted for April 2020, was oversubscribed by 459 percent. In a statement in Abuja, the DMO offered N60.00 billion Bonds across...
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