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Saturday, January 25, 2020

Fed Govt Generates N4.25trn, Stops 2019 Capital Budget Releases

Fed Govt Generates N4.25trn, Stops 2019 Capital Budget Releases   The Federal Government has ruled out any possibility of releasing additional funds to finance the capital...

Expert Advocates $10bn Capital Base For BOA

Expert Advocates $10bn Capital Base For BOA   The founder of the Port Harcourt Premier Business School, Dr. Silva Opuola-Charles, has said Nigeria will need to...

Forex Shortage: Naira Hits All-time Low of 409/Dollar

The naira hit an all-time low of 409 against the dollar at the parallel market on Thursday, two days after the Central Bank of...

As they Hail the Monetary Reforms

The Governor of Central Bank of Africa's most populous nation, Mallam Sanusi Lamido Sanusi could be likened to a bus driver, a no nonsense...

Power Sector Losses N487bn Revenue In 11months

Power Sector Losses N487bn Revenue In 11months Data from the Office of Vice President, Prof. Yemi Osinabajo, indicated that between January 1 and November 30,...

NNPC, DPR, FIRS Illegally Deducted N1.5trn From Generated Revenue, Says Auditor-General

NNPC, DPR, FIRS Illegally Deducted N1.5trn From Generated Revenue, Says Auditor-General   Out of the N6.4tn generated by revenue collection agencies in 2017, about N1.5tn was...
Naira Dollar

Naira Firms on Black Market After Central Bank Action – BDC Traders

Nigeria's Naira firmed 1.1 percent to 510 on the black market, bureau de change (BDC) traders said, after the Central Bank of Nigeria (CBN)...

In 10 Years, FG Makes N1.27tn From Operating Surpluses

In 10 Years, FG Makes N1.27tn From Operating Surpluses     The Federal Government has made a total of N1.27tn from the payment of operating surpluses by...
Godwin Emefiele CBN Governor

Buhari Directs CBN to release N500b Paris Club cash

President Muhammadu Buhari directed Minister of Finance Mrs. Kemi Adeosun and Central Bank of Nigeria (CBN) Governor Godwin Emefiele to quickly facilitate the payment...
No Banking Day

Mixed reactions trail reintroduction of charges on cash deposits, withdrawals

Mixed reactions have continued to trail the reintroduction of bank charges by the Central Bank of Nigeria (CBN) on cash deposits and withdrawals. Some bank...

SON To Destroy N38m Worth Of Substandard Roofing Sheets

SON To Destroy N38m Worth Of Substandard Roofing Sheets The Standards Organisation of Nigeria is set to destroy N38m worth of substandard roofing sheets found...

World Bank to support Nigerian mining sector with $150m

The World Bank has approved 150 million dollars credit to help increase the mining sector’s contribution to the Nigerian economy. The Senior Communication Officer of the...

FG Records N2.3trn Deficit From Revenue-earning Agencies

FG Records N2.3trn Deficit From Revenue-earning Agencies Between January 2015 and August 2018, the Federal Government recorded a total shortfall of N2.38tn in independent revenue...

Re: CBN on Banks’ Executive Remuneration and Rating Agencies

The CBN has noted two stories, first in The Punch alleging that the CBN may reduce bank executives’ remuneration and the second in The...

FG to sell N5,000 savings bond

The Federal Government has concluded arrangements to launch its first-ever savings bonds into the domestic bond market next month, providing the retail investing public...
cbn

CBN Recovers N60bn Illegal Charges From Commercial banks

CBN Recovers N60bn Illegal Charges From Commercial banks The Central Bank of Nigeria has facilitated the refunds of a total of N60 billion by commercial...

CBN Warns Against Patronage of ‘Wonder Banks’

The Central Bank of Nigeria has warned Nigerians against patronising what it called ‘wonder banks’, stating that their activities were not regulated by it. The...

In Nine Months, Banks Generate N675.9bn Non-interest Income

In Nine Months, Banks Generate N675.9bn Non-interest Income   A total of six banks generated N675.9bn from non-interest income in the first nine months of the...

Afreximbank Targets $40bn Deals

Afreximbank Targets $40bn Deals The organisers of the Second Intra-African Trade Fair (IATF2020) expect it to surpass the achievements of the inaugural trade fair held...
Naira Dollar

Naira Exchanges N495 to the US Dollar at Black Market

The Naira has appreciated at the parallel market in spite of the rise in the nation’s foreign reserves. The Nigerian currency gained 15 points...