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Wednesday, July 26, 2017

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...
Kemi Adeosun

Nollywood: FG Disburses N420.2m Innovative Distribution Fund to Beneficiaries

The Federal Government has made good its promise of rejuvenating the Nollywood Industry by injecting and distributing the 2nd and last tranche of N420.2million...

FG Extends Duration of Financial Support to States

The National Executive Council (NEC) Thursday extended the lifespan of the federal government’s financial support to various states of the federation, to cushion the...
Naira Dollar

Naira rebounds, exchanges for N366 to a dollar

The Naira has appreciated against the dollar at the parallel market barely 24 hours after the Central Bank of Nigeria (CBN) injected 195 million...
Yemi Osinbajo

Osinbajo Issues 9 months grace period to tax evaders

Acting President, Yemi Osinbajo has issued nine months grace period to tax payers to regularise their tax status or face criminal prosecution for tax...
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...

FEC Approves N2.4bn for NAHCON Plaza

The Federal Executive Council has approved N2.4 billion for the purchase of Abuja Metro Plaza to serve as the Corporate Headquarters of the National...
Dr Yemi Kale NBS Statistician General

Nigeria earns N48trn from exports to Europe, Asia- NBS

Nigeria exported goods worth N48.70 trillion to Europe, Asia, America, Africa and Oceania in the last four years. Analysis of the data sourced from the...

Shareholders Advise Banks to Takeover Etisalat

Some shareholder groups in the nation’s capital market on Tuesday urged Etisalat Nigeria to settle the N1.2 billion debt it owed 13 commercial banks...

NNPC Pays N450bn Federation Account Debt

The Nigerian National Petroleum Corporation (NNPC) has finally offset its indebtedness of N450bn to the Federation Account. The Permanent Secretary, Federal Ministry of Finance, Mahmoud...
Ahmed Idris AGF

FAAC Shares N462bn for May 2017

The Federation Account Allocation Committee has shared a sum of N462.359 billion to the Federal Government, State Governments and Local Government Councils. The statutory allocation...

FG: YouWiN! Connect Series 1 to mobilise N2.5Billion under co-investment model for SMEs

The YouWiN! Connect Series 1, plans to mobilise up to N2.5bn annually as equity investment in start-ups and early stage SMEs through qualified fund...
IMF

World Bank Backs Nigeria’s ERGP, Kaduna State With $961m

The World Bank has approved two Program-for-Results operations totaling $961 million to support the Nigerian federal and state authorities in their effort to foster...

World Bank Backs Nigeria’s ERGP, Kaduna State With $961m

The World Bank has approved two Program-for-Results operations totaling $961 million to support the Nigerian federal and state authorities in their effort to foster...

FG to Fund 11% 2017 Budget with Recovered Loot, Promises N350bn for Capital Projects

The Federal Government is to fund 11 per cent of the 2017 Budget with money recovered from the treasury looters as it promised to...
CBN Governor

CBN Injects $195m into FOREX Market

…announces retail option Following its intervention in the inter-bank Foreign Exchange Market, last week, to the tune of over $800 million, the Central Bank of...
CBN Governor

CBN to Partner Microfinance Banks on Housing Deficit

Worried by the housing deficit facing the nation, the Central Bank of Nigeria (CBN) is planning to strengthen financial capacity of some microfinance banks...

Nigeria hires foreign investigators to trace illicit funds

The Federal Government has hired a leading global investigation agency to trace destinations of illicit funds emanating from Nigeria. The Minister of Finance, Mrs. Kemi...
NBS National Bureau of Statistics

Inflation Dips to 16.25% – NBS

The Consumer Price Index which measures inflation has dropped from 17.24 per cent in April to 16.25 per cent year-on-year, The National Bureau of...
CBN Governor

Investor, Exporter Forex Window Hits $2.2b

The Central Bank of Nigeria has said that dollar inflows into the economy through the newly introduced Investor and Exporter (I&E) Forex Window have...

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