CBN increases forex allocations to banks, to ensure liquidity for invisibles
The Central Bank of Nigeria (CBN) has announced an increase in the amount of foreign exchange allocated to banks to meet the requests of customers. […]
Finance
On Buhari’s calls for debt cancellation for Africa
For the developed and developing nations, borrowing in the world is not just a pastime but a necessary evil to address scorching and depressing financial […]
Naira crashes to N495/$1 at black market as external reserve loses about $1 billion in 6 weeks
Thursday, 27th May 2021: The exchange rate between the naira and the US dollar closed at N411/$1 at the Importers and Exporters window, where forex is […]
NNPC, Shell, Others Seal Deal to Unlock $10bn Investments
The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners yesterday executed joint agreements to renew Oil Mining Lease (OML) 118 for […]
Africa needs fiscal stimulus, revive service sector to capitalise on economic growth – Okonjo-Iweala
Dr. Ngozi Okonjo-Iweala has stated that for Africa to have a post-pandemic economic recovery, it needs to focus on fiscal stimulus and policies geared towards […]
BREAKING: FG has returned recovered £4.2m Ibori loot to Delta – Accountant General
The £4.2m looted by former Governor James Ibori recently repatriated by the Federal Government from the United Kingdom has been returned to Delta, Accountant General […]
BRISK CAPITAL MD OFFERING 60% RETURN ON INVESTMENT ARRESTED OVER ALLEGED N2 BILLION FRAUD
The Police special fraud unit (PSFU) has arrested the Managing Director of Brisk Capital Limited, Dominic Ngene Joshua, for allegedly diverting investors’ funds worth over […]
World Bank rejects debt cancellation for Africa
The World Bank Group yesterday rejected request by African heads of state for cancellation of their countries’ debts, saying the world has moved past that […]
Governors, CBN differ on bailout repayment
Governors and the Central Bank of Nigeria (CBN) were not on the same page yesterday over the repayment plan for bailout loans. The governors, under […]
NIGERIA’S INFLATION REDUCES BY 0.05%, FOOD INDEX RISES BY 22.72%
The National Bureau of Statistics (NBS) has announced that Nigeria’s inflation rate decreased by 0.05% in April 2021, the first time in 21 months, while […]