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Wednesday, September 20, 2017

Wage Increase Panacea To Recovery- Aremu

The General Secretary of National Union of Textile, Garment and Tailoring Workers (NUTGTW), Comrade Issa Aremu, said there can be no meaningful economic recovery...

TSA: FG lost N70bn to failed banks

The Federal Government has lost over N70 billion to failed banks in the country, the Accountant-General of the Federation, Alhaji Ahmed Idris, has said. He...
President Muhammadu Buhari

Buhari not happy with governors over Paris Club refund

President Muhammadu Buhari has met with members of the National Council of traditional rulers and decried the way the Paris Club Refund was spent...

Governments Need N700bn Monthly to Pay Salaries, Say Osinbajo

The three tiers of government need about N700billion monthly to meet up with obligations of salaries payment, statutory transfers and debt servicing, Vice-President Yemi...

FG Saves N55bn From Local Fertiliser Production

The production of locally-blended fertiliser has this year saved the Federal Government about $150 million (equivalent of N52 billion) hitherto spent on foreign exchange...
CBN Governor

CBN Begins Enforcement of eCCI Automation

The Central Bank of Nigeria (CBN) has directed banks and other authorised dealers to immediately commence the issuance of electronic Certificates of Capital Importation...
dollars

CBN Assures of Liquidity in Forex Supply

CBN Assures of Liquidity in Forex Supply The Central Bank of Nigeria (CBN) has assured of its continued intervention in the inter-bank Foreign Exchange market...
CBN Governor

CBN Moves To Boost Confidence in USSD Transactions

The Central Bank of Nigeria (CBN) has unveiled new regulatory framework on Unstructured Supplementary Service Data (USSD), a banking platform, as part of efforts...

FG Targets N100bn From Sukuk To Finance 2017 Budget

The Federal Government has commenced a national roadshow in preparatory to the issuance of N100billion non-interest bearing Islamic bond, better known as Sukuk. A statement...

Bankers’ Institute Decries High Interest Rate

The Chartered Institute of Bankers of Nigeria (CIBN) has decried the current high interest rate charged by commercial banks, saying it is stifling the...
cbn

CBN Uplifts Forex Market With $250m 

The Central Bank of Nigeria (CBN) has injected $250million into the various segments of the inter-bank foreign exchange market. Figures obtained from the CBN indicated...

Nigeria Has $22bn Borrowing Limit- DMO

The Debt Management Office said Federal Government can borrow up to but not more than $22billion in the 2017 fiscal year. The DMO, in its...
CBN Governor

CBN Injects $250m into Forex Market

The Central Bank of Nigeria (CBN) has continued its intervention in the interbank foreign exchange market to the tune of $250million in three segments...
Dr Yemi Kale NBS Statistician General

Inflation Drops To 16.05 Percent in July

The inflation report for July 2017 made available from the National Bureau of Statistics(NBS) reveals that headline inflation has again reduced to 16.05 percent...

Nigeria Squandered $201bn Oil Proceeds- NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that Nigeria accumulated a total of $201.2bn in Excess Crude Account and squandered within 10...

Nigeria Spends N6bn on Feeding Pupils

The Presidency said it paid N6.2 billion 14 states during the school year ending this month for the feeding of 2,827,691 students out of...

Takaful Insurance: Underwriting with Solidarity- By Yusuf An-Nuphawi

According to the continental insurance survey by the Africa Insurance Barometer, 2017 edition, a publication of the African Insurance Organisation (AIO), Africa’s insurance penetration...

FG Offers Savings Bond at 13.54%

The Federal Government has said it will today (Monday) offer for subscription two-year and three-year Savings Bonds to investors at 13.54 per cent and...

UN allocates $10.5m for poverty alleviation in northeast

The UN has allocated over $10.5 million to help thousands of vulnerable in need of life-saving humanitarian assistance in the devastated Nigeria’s northeast. The UN...
President Muhammadu Buhari

FG to Adopt ICT For 2018 Budget Preparation

The Federal Government has said it will be using the Government Integrated Financial Management Information System (GIFMIS) for the preparation of the 2018 budget. The...

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