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Tuesday, July 23, 2019

CBN Unveils Guidelines for Non-interest MFBs

The Central Bank of Nigeria (CBN) has  released a draft guidelines on the regulation and supervision of non-interest (Islamic) micro finance banks (MFBs) in...

Japan seeks pact with Nigeria on infrastructure investments

To deepen financial intermediation and technology supply for infrastructural development in the country, the Japanese government has expressed interest in partnering with the Federal...

FG to inject N350b quarterly into economy

Finance Minister Mrs. Kemi Adeosun has unveiled the Federal Government’s plans to inject N350 billion into the economy quarterly to stimulate growth. Speaking on Sunrise,...
Godwin Emefiele CBN Governor

CBN: anti-inflation policy sucks N663bn from banks

With the reversal of its monetary policy easing previous month Central Bank of Nigeria, CBN, has deployed monetary instruments freezing about N663 billion in...

CBN Records N123bn Operating Surplus

The Central Bank of Nigeria’s (CBN) Consolidated and Separate Financial Statements for the year ended 2015 released on Wednesday showed that its net income...

FG eyes 87% rise in non-oil income

The Federal Government expects its non-oil revenues to double this year as it seeks to offset a slump in oil revenues, according Reuters report. Funding...
cbn

Can Nigerian Banks Save the Real Sector?

There is no gain saying the fact that banking sector is the nerve centre of any economic that aspires to stand tall among its...
Naira Dollar

Yuan Deal Forces Dollar To Retreat – Gwadabe

The federal government’s plan to increase the availability of renminbi (Yuan) was already favouring the Naira against the dollar, the President, Association of Bureau...
IMF

Nigeria seeks $2.5bn loan from World Bank, others

The Federal Government, on Sunday, said it was in discussion with the World Bank and the Islamic Development Bank, IDB, for a $2.5 billion...
Godwin Emefiele CBN Governor

Monetary measures will yield results soon —Emefiele

The Central Bank of Nigeria will not be discouraged by the many attacks on some of its tightened monetary policy moves aimed at addressing...
Godwin Emefiele CBN Governor

High lending rates threatens agriculture-Emefiele

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele said that the agricultural sector would not survive on high commercial interest rates...

subsidy: FG to pay oil marketers N163m daily

There are strong indications that the Federal Government would start paying N163m daily as fuel subsidy to oil marketers because of the slight increase...
Godwin Emefiele CBN Governor

Nigeria’s sugar import to reduce by N35bn in 2018

The Central Bank Governor, Mr. Godwin Emefiele, has said the future of Nigeria is bright with the outcome of the investment funding the apex...

Nigeria to sign loan deal with China

President Muhammadu Buhari will sign a loan deal with China during a visit next week as the Federal Government seeks funds to finance 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...

World Bank earmarks $800m for Rebuilding N’East

The World Bank is setting aside $800 million in support of the rebuilding of infrastructure devastated by years of Boko Haram insurgency in the...

MPC: N744bn pulls out from circulation

Due to its new monetary policy drive the Central Bank of Nigeria, , may be pulling out up to N1.0 trillion from circulation in...

U.S to counsel Nigeria on foreign exchange flexibility

The United States (U.S) has said it would this week, engage the Federal Government in talks to adopt a more flexible foreign exchange (forex)...

Unilever declares N59.2 billion turnover

Unilever Nigeria Plc has posted a turnover and profit after tax (PAT) of N59.2 billion and N1.19 billion respectively for the year ended December...

CBN withdraws N400bn CRR as interbank rates balloons

Following an increase in Cash Reserve Requirement by the Monetary Policy Committee at its last meeting on Tuesday overnight interbank lending rates rose to...