The Nigeria Deposit Insurance Corporation (NDIC) has postponed the workshop on differential premium assessment system (DPAS) earlier organised for operators of primary mortgage banks (PMBs) from Wednesday, 23rd to Friday, 26th November, 2016. A release signed by Assistant Director, Communication...

As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepare to commence its last meeting for 2016 tomorrow, the CBN Governor, Mr. Godwin Emefiele, has signalled the likelihood of the retention of the monetary policy rate (MPR), the...

Nigeria is saving about $2bn annually as a result of the local production of cement by different manufacturers, the Dangote Group has stated. It also stated that the upsurge in cement production had helped increase the manufacturing sector’s contribution to...

The Federal Government made more than N1bn in the first 10 months of this year from mining leases, renewal and licences. The Minister of State for Mines and Steel Development, Mr. Abubakar Bwari, disclosed this at a press conference in...

The Central Bank of Nigeria is to provide about N750bn for the recapitalisation of the Bank of Agriculture before the end of next year, the Federal Government has said. According to the government, the restructuring and recapitalisation of the BoA...

The Federal Government has proposed an amendment to the Foreign-Exchange Act to enable the imprisonment of anyone who holds foreign currencies, especially the dollar, for more than 30 days. This is the latest measure the government and the Central Bank...