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Editors Pick

CBN Conducts Special Examination on Banks

...Eyes on NBS as Kale’s tenure ends today In order to ascertain the actual well-being of banks owing to the nation’s macroeconomic challenges and rising non-performing loans (NPLs), the Central Bank of Nigeria (CBN) is currently carrying out examination on banks. At the end of the...

NITDA, Galaxy Backbone Confirm Participation at Digital Confab

The National Information Technology Development Agency, Galaxy Backbone and the Federal Institute of Industrial Research have confirmed their participation in this year’s Digital Innovation Conference, which will hold in Kano State. Some other collaborating agencies and institutions include the Nigeria Postal Service, the Nigerian Communications...

Nigerian Exporters not Benefiting from AGOA –NEPC

  The Nigerian Export Promotion Council has said that Nigerian exporters are losing out on a lot of funds by not exporting under the African Growth and Opportunity Act The Southwest Coordinator, NEPC, Mr. Babatunde Faleke, made this assertion while speaking at a workshop on AGOA...

Apapa, Tincan Customs Generate N158.1bn

The Apapa and Tincan commands of the Nigeria Customs Service have generated a total of N130.7bn in the last seven months. While the Apapa Command generated N27.4bn in June, its highest revenue since the start of the year, the Tincan Command generated N130.7bn in the...

CBN Grants Forbearance to Banks to Write-off 2016 NPLs

...Limits access to discount window, pegs dollar sales to BDCs at $30,000 weekly ...Extends deadline for BVN registration for diaspora customers In view of the current macro-economic challenges in the country, the Central Bank of Nigeria (CBN) has granted a one-off forbearance to banks this year...

NNPC GMD: No Plan to Increase Fuel Price

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said there is no plan to increase the price of petrol. Baru, who reluctantly answered only one question from the State House correspondents after he met with President Muhammadu Buhari...