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Friday, December 13, 2019
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...

CBN To Punish Banks Over Forex Infractions

Central Bank of Nigeria (CBN) Director, Banking Supervision, Ahmad Abdullahi, has threatened to sanction any Deposit Money Bank (DMB) in breach of its directive...

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...

NSE: Indices Soar By N370 Billion

NSE: Indices Soar By N370 Billion Ahead of the full year result of listed companies, investors increasing demand for fundamentally sound dividend paying stocks, coupled...
FG

2018 Budget Deficit Hits N1.950 trn

2018 Budget Deficit Hits N1.950 trn   The federal Government budget for 2018 just assented to by President Muhammadu Buhari has an overall budget deficit of...

FG to Raise Additional N43b Debt from Treasury Bills

The Federal Government’s debt strategy is now in full swing, as additional debt of N43.2 billion would be raised through the Treasury Bills (T-Bills)...

Naira to Weaken Further on Dollar Shortage

The naira is expected to continue to weaken this week on limited dollar supply as foreign portfolio investors stay on the sidelines until the...

2016 Capital Budget Implementation Expires May 5

The Federal Government has extended the implementation of the capital component of the 2016 budget from March 31 to May 5, or till the...

Life Annuity Fund Hits N323bn – NAICOM

Life Annuity Fund Hits N323bn - NAICOM     The insurance industry life annuity fund portfolio has grown to N322.9bn as at the end of the second...

2017 Budget: N1.2tn Released For Capital Projects, Says DMO

2017 Budget: N1.2tn Released For Capital Projects, Says DMO A total of N1.2tn was released between July and December 2017 to fund capital projects in...

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...

Imo, Five Other States To Benefit From USAID N60m Water Project

Imo, Five Other States To Benefit From USAID N60m Water Project   Imo and five other states are to benefit from the N60.4 million United States...

Gas Producers Lament Power Firms’ N1.3trn Debt

Gas Producers Lament Power Firms' N1.3trn Debt   Gas producers in the country have said power generation companies owe them a total of N1.3tn for the...
Godwin Emefiele 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...

Naira Gains 0.8% on CBN Dollar Sale

The naira closed firmer on the interbank market on Monday after the Central Bank of Nigeria sold dollars to some commercial banks towards the...

FG Borrows N183bn Via Short-dated TBs

The Federal Government borrowed N183.24bn via Treasury bills at an auction, with mixed yields on all the tenors, data from Debt Management Office showed. The...

CBN Extends Terminal Date for Circulation of Paper Notes

CENTRAL BANK OF NIGERIA      PRESS RELEASE EXTENSION OF THE TERMINAL DATE FOR THE CIRCULATION...

Insurance Sector Records N235bn Premium In Nine Months

Insurance Sector Records N235bn Premium In Nine Months The Nigerian Insurance sector recorded N235bn gross written premium from January to September of the 2017 financial...
cbn

CBN sustains forex supply

As more customers of banks and other business people overcome the earlier difficulties in obtaining forex for their transactions, and in a bid to...

In Nine Months, Power Sector Loses N472bn

In Nine Months, Power Sector Loses N472bn   The Nigerian electricity supply industry lost a sum of N472.23bn between January and September this year, according to...