The Central Bank of Nigeria, CBN, has said there is no cause for alarm over the drop in the nation’s external reserves which has been on a downward trend lately.
The director, Corporate Communications of the CBN, Mr Isaac Okorafor, assured that at the current level of $44billion, the exte [...]
A total of N12.66billion tax revenue has been generated from billionaires who have not been paying commensurate taxes into government coffers.
The Executive Chairman of the Federal Inland Revenue Service, FIRS, Tunde Fowler stated this when he received Minister of finance, Hajia Zainab Ahmed, w [...]
Data from the National Bureau of Statistics, NBS, have shown that foodstuff prices have been on a steady decline, despite the rise in inflation rate being witnessed in Nigeria in the last few months.
The Monetary Policy Committee of the Central Bank of Nigeria had recently warned that the count [...]
Not less than 19 firms have indicated interest to acquire majority stakes in Afam Power Company and Yola Distribution Company, the Bureau of Public Enterprises, BPE, has disclosed.
According to the bureau, the submission of bids for the Expression of Interest for the two power companies which e [...]
All the 36 states of the federation have entered an agreement with the Infrastructure Concession Regulatory Commission, ICRC, to develop Public-Private Partnership projects across the country.
The pact signed by the Nigeria Governors’ Forum on behalf of the state governments, will allow t [...]
Economic activities in the nation’s capital were almost grounded over the weekend, following the indefinite strike action embarked upon by members of the Nigeria Labour Congress, NLC .
Though skeletal services are offered by banks and other service providers, our correspondent observe tha [...]
The Chartered Institute of Bankers of Nigeria, CIBN, will soon commence a certification programme on Micro Small and Medium Enterprises financing in starting from 2019, to address some of the factors militating against their contribution to the economy.
President of CIBN, Dr Uche Olowu, who dis [...]
Nigeria’s foreign debt profile has risen by 17percent at the end of the second quarter of this year to hit $22.08billion, as against the $18.9billion recorded at the end of 2017.
Figures from the National Bureau of Statistics, NBS, reveals that foreign borrowings amounting to $10.88billio [...]
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