Economic Confidential

First Bank Partners NBCC to Drive MSME Growth

First Bank of Nigeria Limited has partnered the Nigerian-British Chamber of Commerce to jointly host a Micro, Small and Medium Enterprises workshop to focus on the fundamentals of building a sustainable business. According to a statement by the lender, the...

CBN Warns Banks Against Illegal Money Transfer

The Central Bank of Nigeria has directed the Deposit Money Banks to conduct Know Your Customers’ Business to ensure customers do not make illicit remittances through the banking industry. The CBN gave the directive to banks and other authorised dealers...

FG: N1.4tr Saved from Subsidy Payments

Vice President; Professor Yemi Osinbajo in Kano has said federal government has so far saved N1.4trillion from subsidy payments, saying the savings is greatly easing pressure on the nation’s internal reserves. Speaking at the 15th National Council Meeting held in Kano,...

Soludo Attacks Buhari’s Economic Policies and the Blame-game

The former Governor of Central Bank of Nigeria (CBN), Professor Charles Soludo has attacked President Muhammadu Buhari's economic policies, saying the administration is yet to come to terms with the economic realities of the day, as the government has failed...

Foreign Banks Threaten to Put 8 Lenders on Watch List

...MDs to partner CBN to resolve FX issue ...Wigwe heads bank CEOs’ body ...Naira plummets to N410/$ If the Central Bank of Nigeria (CBN) does not rescind its decision on the eight lenders it barred from foreign exchange transactions, their correspondent banks...

MAN Seeks Subsidised Interest Rate for Real Sector

The Manufacturers’ Association of Nigeria has urged the Federal Government to subsidise interest rate for the real sector. The President, MAN, Dr. Frank Jacobs, made this appeal at a recent media briefing held at the MAN headquarters in Lagos. Jacobs, who...
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