Forex: CBN Pumps $195m into Interbank Segment
The Central Bank of Nigeria (CBN) has intervened in inter-bank Foreign Exchange Market with the supply of $195 million as an effort to stabilise...
Refineries Now Meet 60% Kerosene Demand – NNPC
The Nigerian National Petroleum Corporation has said that its refineries in Port Harcourt, Warri and Kaduna were now supplying 60 per cent of the...
CBN to Issue N205bn T-Bill July 19
The Central Bank of Nigeria (CBN) would issue N204.95bn in treasury bills at an auction on July 19, aiming to raise N36.78bn in three-month...
Nigeria’s Debt Strategy: We Will Borrow But- Adeosun
Following recent reports on comments by the Minister of Finance about Nigeria’s debt strategy and ability to borrow, the Federal Government has said that...
NSE Capitalisation Rises By N53bn
The Nigerian Stock Exchange market capitalisation rose by N53bn at the close of trading on Wednesday as 29 stocks gained.
A total of 270.855 million...
Uncertainties in Oil Market Threaten 2017 Budget
Implementation of 2017 Budget is under threat by uncertainties in the global oil market, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu,...
FG to Insure Assets Adequately- Adeosun
The Minister of Finance, Mrs Kemi Adeosun has said that the Federal Government will consolidate on the progress it has made in the insurance...
CBN Boosts Forex With Additional $142m
The Central Bank of Nigeria (CBN) has injected $142.5 million into the inter-bank foreign exchange, days after intervening in the retail segment of the...
Nigeria Strategises to Beat Inflation By 2020
Nigeria has resolved to bring down the inflation rate to a single digit by 2020 and rates dip consecutively in four months.
The National Bureau...
Ogun Customs Generates N1.1b in 2 Months
The Ogun State Area Command of Nigeria Customs Service (NSC) has generated the sum of N1.1b in the last two months, with assurance to...
Nigeria’s gas export increases to 388,000 metric tons
The export of Liquefied Natural Gas (LNG) from Nigeria to China, Turkey, India and other countries has risen over the last six months.
Also, the...
FOREX: CBN Boosts Retail Segment with $254.3m
Players in the retail segment of the Nigerian inter-bank foreign exchange market received a $254.3m boost from the Central Bank of Nigeria (CBN) following...
EU Earmarks €15m for Fish Farming in West African Sub-region
The European Union has said it will provide up to €15million facility to countries in the West African sub-region, as part of effort to...
FG to Sell N135bn Bonds on July 12
The Debt Management Office (DMO) has announced the Federal Government's plans to sell N135 billion worth of bonds in its July 12 auction.
The offer...
FOREX: CBN announces bids for retail auction
The Central Bank of Nigeria (CBN) has announced bids for retail auction by authorized dealers in the inter-bank foreign exchange market, following its intervention...
5 Companies Express Interest For 65% Shares in Etisalat Nigeria
According to Brandish, “no fewer than five” companies have expressed interest to buy Etisalat Nigeria, with Orange and Vodafone Group shown “concrete interest” for...
CBN injects $195m into interbank market
The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange (forex) market, has injected...
FG Eyes $1b from New Tax Reform- Adeosun
Finance Minister Mrs Kemi Adeosun has said the Federal Government planned to raise over $1billion from the executive order signed by Acting President Yemi...
Technology Will Enhance Tax Compliance- Adeosun
The Federal Government will deploy and heavily rely on technology to increase tax compliance under the recently launched Voluntary Asset and Income Declaration Scheme...
CBN Issues N32bn T-Bill to Tighten Liquidity
CBN,The Central Bank of Nigeria sold N31.94bn ($104.76m) in Treasury bills in a bid to tighten liquidity in the money market while overnight lending...
