CBN Reaffirms Stability, Safety Of Nigerian Banking Sector
The Central Bank of Nigeria (CBN) has reassured Nigerians that the country’s banking sector remains stable, resilient, and secure, despite recent reports raising concerns...
World Bank blacklists CCECC, five other Chinese firms operating in Nigeria
The World Bank has blacklisted six Chinese companies currently operating in Nigeria over alleged fraud and corruption. The companies, according to an announcement published on...
Finance Minister Caution Against Subsidy Return, Seeks Cheaper Financing
Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun has warned against a return to subsidy regimes despite mounting global shocks,...
CBN Says It’s Been Begging Banks To Pick New Naira Notes, Vows To Go Tough
The Central Bank of Nigeria (CBN) says it has been begging commercial banks to pick up the new Naira notes. The apex bank had redesigned...
Governors Are Devastated By New Naira Policy Because They Can’t Buy Votes Again — Sanusi
A former governor of the Central Bank of Nigeria, Lamido Sanusi, claims governors are angry with the new naira policy because they will not...
FG Appoints Managers To Lead $10bn Global Investment Fund
Twenty-three fund managers have been appointed by the Federal Government of Nigeria to lead the $10 billion Nigeria Global Investment Fund. A transformative initiative aimed...
Otti Orders Withdrawal Tax Suit Against MOUAU
The Abia State government has promised to withdraw the suit it instituted against the Michael Okpara University of Agriculture, Umudike, MOUAU, over alleged non-remittance...
Economic Summit: Shettima, Okonjo-Iweala, Elumelu, Others Seek Investments For Delta
ASABA—Vice President Kashim Shettima, yesterday, urged local and foreign investors to take advantage of Delta State’s enormous economic potential, declaring that healthy competition among...
ONNE FREE ZONE REMAINS TOAST OF INVESTORS — OGFZA
RIVERS - The Oil and Gas Free Zones Authority (OGFZA) has described its flagship Free Zone in Onne, Rivers State, as the toast of...
Naira Appreciates To N1,396/$ In Parallel Market
THE Naira yesterday appreciated to N1,396 per dollar in the parallel market from N1,400 per dollar last Thursday. However, the naira depreciated to N1,389 per...
