Economy

House of Reps Concurs With Senate, Amend CBN Act To Allow FG Borrow More Through Ways And Means

CBN Headquarters In Abuja The House of Representatives has amended the section of the Central Bank of Nigeria Act that…

3 years ago

VFD Group’s shareholders endorse N32.5bn capital raising, dividend

Shareholders of VFD Group Plc have endorsed the Board of Directors’ proposed capital raising that would enable the company restructure its…

3 years ago

Immediate subsidy removal portends danger to economy, stakeholders warn

Stakeholders in the nation’s oil and gas sector have warned that immediate removal of fuel subsidy would bring untold hardship…

3 years ago

CBN revokes 132 microfinance banks’ licences (Full List)

  CBN Governor Godwin Emefiele The Central Bank of Nigeria (CBN) has withdrawn the operational licences of 132 microfinance banks,…

3 years ago

CBN raises interest rate to 18.5%, states reasons

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has unanimously decided to raise the interest rate on…

3 years ago

World Bank considers extension of FG’s access to $750m loan

The Federal Government, on behalf of the 36 state governments and the Federal Capital Territory, is about to receive a…

3 years ago

El-Rufai slams Kaduna ex-govs over alleged misappropriation of public funds

Nasir El-rufai, the outgoing governor of Kaduna State, specifically instructed the state’s previous governors to swear invoking the Holy Qur’an…

3 years ago

Ecobank’s debt recovery suit against Otudeko adjourned

  Ecobank The Federal High Court sitting in Lagos Thursday adjourned till June 6, to decide on how to proceed…

3 years ago

Ports congestion looms over suspension of banks’ import duty collection

Freight forwarders threaten to shutdown port There are indications that stakeholders in the customs duty and cargo clearance industry are…

3 years ago

FG ratifies aircraft leasing, airport facilities agreements

The Federal Executive Council approved the procurement of taxi lighting systems for airports in Port Harcourt, Lagos, and Abuja at…

3 years ago

This website uses cookies.