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Thursday, January 23, 2020
Buhari to address economic hardship

Buhari Wants Islamic Bank Funds to Rebuild North-East

The Federal Government has called on the Islamic Development Bank to assist in implementing some of its intervention programmes in the North-East that had...

Development Partners, Private Sector Commit $1.7bn for Food Security

The private sector and development partners have so far committed $1.7billion for the development of agriculture in the country under the New Alliance and...

NAICOM Suspends Bancassurance Partnerships in Nigeria

The National Insurance Commission (NAICOM) has suspended bancassurance partnership deals between insurance companies and banks indefinitely, following a dispute with the Central Bank of...

AMCON: Aero Crisis Worsens, May Sack Workers

Aero Contractors, one of Nigeria’s largest domestic airlines, is set to lay off some of its workers as its financial crisis becomes worsened. Already, the...
Godwin Emefiele CBN Governor

Banks Paid N33.8tn in Seven Months – NBS

A total of 463.1 million financial transactions worth N33.87trn were settled by the banking sector between January and July this year, figures released by...

NEXIM Bank and Iniatives in the Non-Oil Sector

By Bashir Wali, NEXIM ag MD “The funds are expected to attract and incentivize new and additional investments to the non-oil export sector and enhance...

US Urges Nigeria to Use Tax Policy to Promote FDIs

Nigeria has been urged to deploy its tax policy being implemented on various sectors of the economy as an incentive to boost foreign direct...
FG

‘Nigeria’ll Bounce Back as Africa’s Largest Economy’

The Federal Government has said that the emergence of South Africa as the largest economy in Africa, a position that Nigeria held up until last...

We’ll Spend N505.6bn on 116 Water Projects — FG

The Federal Government say it will spend a total of N505.6bn on 116 ongoing water projects across the country. It also stated its total outstanding...

Oil Price Hits $50, Highest in Eight Weeks

Global oil benchmark, Brent crude, hit an eight-week high yesterday as the world’s biggest producers prepared to discuss a possible freeze in production levels. Brent,...
Buhari to address economic hardship

Buhari Seeks End to Illicit Flow of Funds

President Muhammadu Buhari has called on all governors of central banks in Africa to bring to an end all forms of illicit flow of...

FG Spent $10bn on Ajaokuta Steel Company – Minister

The Minister of State for Solid Minerals Development, Mr. Abubakar Bawa-Bwari, said  that the Federal Government had spent over $10bn on the Ajaokuta Steel...

Fashola Tasks Investors On Due Process

The minister, Power, Works and Housing, Babatunde Raji Fashola, has advised prospective investors in the ministry to always ensure that they followed due process...
NEXIM MD Bashir Wali

NEXIM, AFREXIM Bank to Revamp Nigeria’s Cocoa Sector

In the bid to revive the ailing cocoa Industry in the country, the Afreximbank and the International Cocoa Organization (ICCO) met with the Bank...

FG Orders Massive Importation of Kerosene- Marketers

In a bid to check the arbitrary increase in the pump price of kerosene, the Federal Government has placed an order for massive importation...

Power: Price of Gas Rises by 60%

Following the free fall of the naira against the United States dollar, the cost being incurred for the purchase of gas for power generation...

United States Oil Import from Nigeria Drops to 4.7 mb

African nation’s total petroleum sales decline to 59.3mb in May The United States (U.S.) crude oil import from Nigeria has declined from the 10.125 million...

Fixed income, Currency Transactions Hit N12.7 trillion as Confidence Trickles in

Forex market records $9.46 billion Despite the challenging posture of the nation’s financial market, its fixed income and currency segment recorded a turnover of N12.74...

FG Borrows N110bn Through Bonds

The Federal Government on Wednesday at an auction raised N110bn worth of bonds maturing in 2021, 2026 and 2036, the Debt Management Office said According...

FG Needs $7bn to Kick-start Mines, Steel Industry

The Federal Government is seeking investments worth $7bn in mining and steel over the next decade as it targets the development of gold and...