24.1 C
Abuja
Thursday, July 18, 2019

Probing Of NNPC Over $1bn ‘Diverted’ NLNG Dividend Begins

Probing Of NNPC Over $1bn 'Diverted' NLNG Dividend Begins   The Senate has begun an investigation of the diversion of $1.05bn from the Nigerian Liquefied Natural...

DisCos Record N36bn Monthly Collection, 65% Efficiency Level

DisCos Record N36bn Monthly Collection, 65% Efficiency Level Electricity Distribution Companies (DisCos) said they have improved their electricity supply revenue collection to N36 billion level...

AMCON Releases List Of N906bn Bad Debtors

AMCON Releases List Of N906bn Bad Debtors   The Asset Management Corporation of Nigeria has released the list of what it calls delinquent debtor firms who...
Godwin Emefiele CBN Governor

CBN Injected $39bn To Stabilise Naira Last Year

CBN Injected $39bn To Stabilise Naira Last Year   Between January and December last year, the Central Bank of Nigeria injected about $39.9bn to defend the...
customs

Customs Seizes N414.7m Worth Contraband Goods

Customs Seizes N414.7m Worth Contraband Goods The Nigeria Customs Service (NCS) has announced its seizure of contraband goods worth NN414.71 million smuggled into Nigeria through...
Naira Dollar

Forex Market Trades $327m, Foreign Investors Buy Bonds

The nation’s foreign exchange market recorded $327m worth of transactions on Monday, about six times more than its usual volume, the FMDQ OTC Securities...
cbn

CBN Warns Banks Against Illegal Money Transfer

The Central Bank of Nigeria has directed the Deposit Money Banks to conduct Know Your Customers’ Business to ensure customers do not make illicit...

CBN Consents Heritage, Enterprise Banks Merger

Bank of Nigeria (CBN) has consented to the merger between Heritage and Enterprise banks following the approval of the merger by the Federal...
NBS National Bureau of Statistics

Trade deficit: More job loss likely in banks

Twenty Deposit Money Banks (DMBs) are expected to fire at least 10,000 out of their estimated 110,000 workers before the year-ends, The Nation has...
Godwin Emefiele CBN Governor

Emefiele: With Inflation at 18.3%, It’s Not Rational to Cut Interest Rate

As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepare to commence its last meeting for 2016 tomorrow, the CBN Governor, Mr. Godwin...

Perspectives on Reforms: Cases for and Against

Tne major hindrance to good policies or reforms in Nigeria is selfish interest. No matter how good the policies of government are, corruption and...

External Reserves Drops By $669m In July ― CBN

External Reserves Drops By $669m In July ― CBN   The nation’s external reserves fell by $669m last month, data from the Central Bank of Nigeria...
NDIC

N949bn Bank’s Deposits Intact, NDIC Assures Customers

N949bn Bank's Deposits Intact, NDIC Assures Customers Nigeria Deposit Insurance Corporation (NDIC), has assured customers of the defunct Sky Bank Plc, of maximum guarantee and...

CBN Predicts Stability In FX As External Reserves Hit $43bn

CBN Predicts Stability In FX As External Reserves Hit $43bn The Central Bank of Nigeria (CBN) Thursday said it expected further stability in the foreign...

CBN Increases MFBs’ Capital Base To N5bn

CBN Increases MFBs’ Capital Base To N5bn   The Central Bank of Nigeria (CBN) has raised the minimum capital base of microfinance banks (MFBs) in the...
cbn

CBN to Release Flexible Exchange Rate Policy Today

…shifts capital adequacy compliance date for banks The new flexible exchange rate policy will be released today, the Acting Director, Corporate Communications of the Central...

Naira Falls Further to 414/Dollar

The naira fell to a new low of 414 against the United States dollar on Sunday amid the continued scarcity of foreign exchange in...

PenCom Invests N8.744trn Pension Assets in 24 Asset Classes

PenCom Invests N8.744trn Pension Assets in 24 Asset Classes The National Pension Commission (PenCom), said it invested the accumulated N8.744 trillion pension assets in 24...

Insurance Sector’s Premium Rises To N400bn

Insurance Sector's Premium Rises To N400bn The Nigerian insurance sector’s premium rose by 10 per cent to N400bn in the 2018 financial period, according to...

Equities Gain Over N2.2trn in First Half

Equities’ investors at the stock market are smiling to the bank as they netted more than N2.2 trillion gains in the first half of...