26 C
Abuja
Wednesday, July 15, 2020

The 224 Bad Micro Finance Banks in Nigeria

The Economic confidential produces below the text of the Press Conference by Deputy Governor of Cental Bank of Nigeria (CBN), Financial System Stability (FSS),...
Naira Dollar

Naira Falls to 440 as Dollar Inflow Drops

The naira was sold at the parallel market for 440 per dollar on Sunday, as the lingering foreign exchange scarcity increased to a new...

Report: Maritime Sector Operates Inefficiently, Despite N299.6bn Revenue

Report: Maritime Sector Operates Inefficiently, Despite N299.6bn Revenue Experts at Afrinvest Research Limited have called on the federal government to maximise the huge economic potential...

FG to borrow $5.5bn via Eurobonds

The Federal Government said it would sell as much as $5.5bn of Eurobonds in the next three months to fund capital projects and replace...
Godwin Emefiele CBN Governor

CBN Clears the Air on Forex Sale

The attention of the Central Bank of Nigeria (CBN) has been drawn to a media report suggesting that the Office of the Attorney General...

UNIDO To Invest $60m In Agric, Others

UNIDO To Invest $60m In Agric, Others   The United Nations Industrial Development Organisation is to invest $60m in about nine sectors in Nigeria. A statement issued...
Godwin Emefiele CBN Governor

CBN: Banks Lose N12.06bn To Fraud In 6months

CBN: Banks Lose N12.06bn To Fraud In 6months The Central Bank of Nigeria (CBN) has revealed that commercial banks in the country lost a total of...

Eleven Banks Paid N8bn IT Levy In 2019

Eleven Banks Paid N8bn IT Levy In 2019     Eleven Nigerian banks paid about N8.08bn Information Technology-related levies to the government in 2019, the audited financial...

Stock Market Rose To A Nine-year High As Capitalisation Hits N15.3tn

Stock Market Rose To A Nine-year High As Capitalisation Hits N15.3tn The Nigerian Stock Exchange market capitalisation hit a record high of N15.317tn from the...
cbn

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...

With More Transparency, Nigeria Recovers $3bn from Oil Sector – W/Bank

With More Transparency, Nigeria Recovers $3bn from Oil Sector - W/Bank     The World Bank and the Extractive Industries Transparency Initiative (EITI), the global standard for...
Godwin Emefiele CBN Governor

Emefiele To Meet Banks, MTN Over $8.1bn Repatriated Funds Dispute

Emefiele To Meet Banks, MTN Over $8.1bn Repatriated Funds Dispute   The Governor of the Central Bank of Nigeria, Godwin Emefiele, will meet with the representatives...

States Recieved N1.19tr From Federal Government

States Recieved N1.19tr From Federal Government   Between 2015 and September 2017, states got N1.19 trillion support from the Federal Government, Vice President Yemi Osinbajo said...
IMF

World Bank Earmarks $215m for community projects in Nigeria

The World Bank has committed a total of $215m to the execution of rural community development projects across the country under its Community and...

CBN Approves Revised Banking Model

As part of the blue-print for reforming the Nigerian financial system which includes the enhancement of the quality of banks, financial system stability and...

E-payment Transactions Drop To N19.33trn In Q3, 2017

E-payment Transactions Drop To N19.33trn In Q3, 2017 The National Bureau of Statistics, NBS, has said that the value of e-payment transactions recorded by banks...

Insecurity Threatens $14bn Maritime Sector Earnings – FG

Insecurity Threatens $14bn Maritime Sector Earnings – FG The Federal Government has declared that the annual earnings of $6bn in freight cost and $8bn in...

Reps Investigate $1bn Spent On Tucano Jets, Others

Reps Investigate $1bn Spent On Tucano Jets, Others   The House of Representatives has begun investigation into how the Federal Government spent the $1bn special security...

NASS Makes History, Passes N10.59trn Budget For 2020

NASS Makes History, Passes N10.59trn Budget For 2020   The Senate has made history with the passage of N10.59 trillion budget for the year 2020 in...

AFC Issues US$150mn Maiden Islamic Bonds

Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has issued its maiden Sukuk, the highest-rated ever Sukuk issuance...
Live Covid-19
United States 3,547,413
Cases: 3,547,413
Deaths: 139,174
Recovered: 1,600,910
Active: 1,807,329
Brazil 1,933,655
Cases: 1,933,655
Deaths: 74,336
Recovered: 1,213,512
Active: 645,807
India 941,630
Cases: 941,630
Deaths: 24,371
Recovered: 594,111
Active: 323,148
Russia 746,369
Cases: 746,369
Deaths: 11,770
Recovered: 523,249
Active: 211,350
Peru 333,867
Cases: 333,867
Deaths: 12,229
Recovered: 223,261
Active: 98,377
Chile 319,493
Cases: 319,493
Deaths: 7,069
Recovered: 289,220
Active: 23,204
Mexico 311,486
Cases: 311,486
Deaths: 36,327
Recovered: 193,976
Active: 81,183
Spain 303,699
Cases: 303,699
Deaths: 28,409
Recovered:
Active: 275,290
South Africa 298,292
Cases: 298,292
Deaths: 4,346
Recovered: 146,279
Active: 147,667
United Kingdom 291,373
Cases: 291,373
Deaths: 44,968
Recovered:
Active: 246,405
Iran 264,561
Cases: 264,561
Deaths: 13,410
Recovered: 227,561
Active: 23,590
Pakistan 255,769
Cases: 255,769
Deaths: 5,386
Recovered: 172,810
Active: 77,573
Italy 243,344
Cases: 243,344
Deaths: 34,984
Recovered: 195,441
Active: 12,919
Saudi Arabia 237,803
Cases: 237,803
Deaths: 2,283
Recovered: 177,560
Active: 57,960
Turkey 214,993
Cases: 214,993
Deaths: 5,402
Recovered: 196,720
Active: 12,871
Germany 200,766
Cases: 200,766
Deaths: 9,144
Recovered: 186,000
Active: 5,622
Bangladesh 193,590
Cases: 193,590
Deaths: 2,457
Recovered: 105,523
Active: 85,610
France 172,377
Cases: 172,377
Deaths: 30,029
Recovered: 78,597
Active: 63,751
Colombia 159,898
Cases: 159,898
Deaths: 5,625
Recovered: 68,806
Active: 85,467
Canada 108,486
Cases: 108,486
Deaths: 8,798
Recovered: 72,170
Active: 27,518
Argentina 106,910
Cases: 106,910
Deaths: 1,968
Recovered: 45,467
Active: 59,475
Qatar 104,983
Cases: 104,983
Deaths: 151
Recovered: 101,637
Active: 3,195
Egypt 83,930
Cases: 83,930
Deaths: 4,008
Recovered: 25,544
Active: 54,378
China 83,611
Cases: 83,611
Deaths: 4,634
Recovered: 78,693
Active: 284
Iraq 81,757
Cases: 81,757
Deaths: 3,345
Recovered: 50,782
Active: 27,630
Indonesia 80,094
Cases: 80,094
Deaths: 3,797
Recovered: 39,050
Active: 37,247
Sweden 76,001
Cases: 76,001
Deaths: 5,545
Recovered:
Active: 70,456
Ecuador 69,570
Cases: 69,570
Deaths: 5,130
Recovered: 30,484
Active: 33,956
Belarus 65,443
Cases: 65,443
Deaths: 480
Recovered: 56,379
Active: 8,584
Kazakhstan 63,514
Cases: 63,514
Deaths: 375
Recovered: 38,008
Active: 25,131