The Federal Government is currently in talks with the World Bank for a fresh $2.5bn loan.…
Business & Economy
CBN restricts forex for importation of cassava products
The Central Bank of Nigeria has said it will no longer provide foreign exchange for…
Nigeria Approves Three New ‘Payment Service Banks’
The Central Bank of Nigeria on Wednesday granted approvals-in-principle (AIP) to three new Payment Service Banks…
World Bank in Talks with Nigeria for Fresh $2.5 Billion Loan
The World Bank and Nigeria are in talks for as much as $2.5 billion in a…
CBN’s new cashless policy: Group seeks more time before implementation
The Lagos Chamber of Commerce and Industry (LCCI) has reacted to the Central Bank of Nigeria’s plan…
NSE lifts trading suspension on R.T Briscoe shares
The Nigerian Stock Exchange on Wednesday lifted the suspension it placed on trading in the shares…
Inflation dropped to 11.02% in August- NBS
The National Bureau of Statistics on Tuesday said the Consumer Price Index, which measures inflation, dropped…
CBN commences charges on deposits and withdrawals above N500,000
The Central Bank of Nigeria on Tuesday said that the nationwide implementation of the cashless policy…
Stanbic IBTC proposes Scrip Dividend to Shareholders
Stanbic IBTC Holdings PLC in a notice to the Nigerian Stock Exchange announced to shareholders that…
Nigeria’s inflation dips to lowest level in almost four years
Annual inflation in Nigeria stood at 11.02% in August, its lowest in almost four years, down…
Minimum Wage Adjustment Talks End in Deadlock
The meeting between the Federal Government’s negotiating team and representatives of the Joint Public Service Unions…
Banks Step up Effort to Meet 60% Loan-to-Deposit Target
With two weeks to the September 30 deadline given by the Central Bank of Nigeria (CBN)…
CBN’s Centres Of Excellence To Aide Varsities Global Competitiveness
Central Bank of Nigeria (CBN) has embarked on a centre of excellence project meant to shore…
External reserves drop to $42.84bn, the lowest in six months
The nation’s foreign exchange reserves have dropped further, falling to the lowest level since March this…
World Bank sets aside $350m for water supply, sanitation in Nigeria
The World Bank has said it earmarked $350 million to increase access to water, sanitation and…
Experts frown at new VAT rate of 7.2%
Experts and groups such as the Nigeria Employers’ Consultative Association have said the recent increase in…
NAICOM urges Insurance operators on timely completion of recapitalization
The National Insurance Commission (NAICOM), has urged insurance operators to work towards timely completion of their…
Stakeholders advocate need focused products in pension, insurance sectors
Stakeholders in the insurance and pension sectors have appealed to operators in the two sectors to…