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Thursday, September 19, 2019

Finance Ministry Denies Allegation of $2m PR Consultancy

The Federal Ministry of Finance has described as inaccurate, a report credited to Simon Ateba of an online publication, the Simon Ateba News, to...
Godwin Emefiele CBN Governor

CBN Gov, Auditor General Clash Over Audited Report

THE Central Bank of Nigeria, CBN, and the Auditor-General of Federation, AuGF,  sharply disagreed on the audited reports of Ministries, Departments and Agencies, MDAs,...

14 Banks Incur N368.3bn Bad Loans In 9 Months

14 Banks Incur N368.3bn Bad Loans In 9 months Stakeholders in divergent views over implications By Peter Egwuatu THE trending economic recovery news in the...
cbn

Nigeria’s Foreign Reserves Hit $46.2bn

Nigeria’s Foreign Reserves Hit $46.2bn   Nigeria’s foreign exchange reserves gained 8.8 per cent as of March 28, to $46.2 billion compared to same period in...

BVN Reduces Fraud, Transactions Hit N49 trillion

There were indications that despite the challenging economic situation and high-level sophistication of fraudsters, huge increase in the volume and value of transactions across...

Nigeria Loses $12bn Annually To Oil Theft, Stakeholders Seek FG Action

Nigeria Loses $12bn Annually To Oil Theft, Stakeholders Seek FG Action Nigeria loses between $7 billion and $12 billion to crude oil theft annually, a...

Budget 2017: FG Brainstorms on Modalities for Funding

Five days after the National Assembly passed the 2017 budget, the Economic Management Team (EMT) chaired by acting President Yemi Osinbajo met in the...

Shareholders Advise Banks to Takeover Etisalat

Some shareholder groups in the nation’s capital market on Tuesday urged Etisalat Nigeria to settle the N1.2 billion debt it owed 13 commercial banks...

Presidency Hawks Want Bonga Seized Over Judgment Debt

Presidency Hawks Want Bonga Seized Over Judgment Debt   As the $9.6 billion arbitration award and United Kingdom Court enforcement judgment against Nigeria in favour of...
IMF

World Bank Backs Nigeria’s ERGP, Kaduna State With $961m

The World Bank has approved two Program-for-Results operations totaling $961 million to support the Nigerian federal and state authorities in their effort to foster...

NASS Passes CBN’s Asset Management Bill

The on-going banking reforms have received a significant boost with two key developments in the National Assembly. The House of Representatives has passed the...

Nigeria’s Sovereign Wealth Fund yields N26.3bn income in 2015

The Nigeria Sovereign Investment Authority (NSIA), managers of Nigeria’s Sovereign Wealth Funds, SWF, has said it generated N26.3 billion income in 2015, a 67...

Focus On N435.7bn Under-Recovery, Discos Tell NERC

Focus On N435.7bn Under-Recovery, Discos Tell NERC The Association of Nigerian Electricity Distributors has asked the Nigerian Electricity Regulatory Commission to focus on the N435.7bn...

Africa Inching Towards Debt Crisis – AfDB President

For African countries to continue to remain resilient, they must not get into a debt crisis, the President of the African Development Bank, (AfDB),...

MPC May Review Exchange Rate Policy

The Central Bank of Nigeria’s Monetary Policy Committee will likely review the naira exchange rate regime by adopting a more flexible and market-determined rate...

Nigeria: Going Beyond N9trn Asset With Pencom’s Micro-Pension Plan

Nigeria: Going Beyond N9trn Asset With Pencom's Micro-Pension Plan   A significant growth in the pension industry's asset size beyond the current value of N9.03 trillion...
Nigeria Customs Service

Tincan Port: Customs Service Generates N162bn

Tincan Port: Customs Service Generates N162bn   The Nigeria Customs Service (NCS), Tincan Island Command, has generated a total N162.7billion in the first half (H1) of...
Dogara

Dogara Recommends Stiffer Sanctions against Errant Capital Market Operators

The Speaker, House of Representatives, Yakubu Dogara has said that appropriate sanctions against operators who commit infractions would go a long way in restoring...
cbn

CBN Reiterates Conditions for ‘Blacklisting’ Erring Bank Worker

The Central Bank of Nigeria (CBN) has reiterated that employee(s) in any financial institutions under its regulation that was terminated, dismissed or convicted on...

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...