Nigeria’s banking industry could face significant liquidity pressures if the Central Bank of Nigeria (CBN) enforces its directive that eight banks should refund the Nigerian National Petroleum Corporation (NNPC) funds into the Treasury Single Account (TSA), analysts at Exotix...

A Take On Recent Economic Policies The Federal Government will save N48.4 billion through the implementation of electronic procurement (e-procurement) system, the acting Director-General, Bureau of Public Procurement (BPP), Ahmed Abdu, has said. He said this in Abuja at the opening...

The Federal Government’s recent admission that Africa’s largest economy (going by the 2014 rebasing) is now in recession has turned out to be one rude shock many are finding difficult to accept. Only two years ago, Nigeria with a Gross...

Nine of Nigeria’s money deposit banks were directed, last week, to immediately remit about $ 2.12bn Nigerian National Petroleum Corporation funds currently domiciled with them into the oil corporation’s Treasury Single Account with the Central Bank of Nigeria. The latest...

Figure almost 100 per cent above budgetary estimates An estimated deficit of N1,090.96 billion was recorded in the fiscal operations of the Federal Government at the end of the second quarter of this year. According to the Central Bank of Nigeria...

The Nigerian equities market has recorded negative performance two months after the implementation of a flexible foreign exchange (FX) policy by the Central Bank of Nigeria (CBN). This is contrary to expectations that the policy will spur inflow of...