President Tinubu The Federal Government has enlisted the expertise of leading global investment banks, including Citibank NA, JPMorgan Chase & Co, and Goldman Sachs Group Inc., to guide its forthcoming Eurobond issuance. It also appointed Standard Chartered Bank and the …
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The Senate President, Godswill Akpabio, has charged the panel members investigating the N30tn “Ways and Means” loans secured from the Godwin Emefiele-led Central Bank of Nigeria by the Federal Government not to leave any stone unturned, saying the panel must …
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DG, PENCOM, Aisha Umar The Director General of the National Pension Commission, Aisha Dahir-Umar, has denied allegations that the commission loaned N10tn to the Federal Government. The House of Representatives in October adopted a motion mandating its Committee on Pensions …
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The Nigeria Governors Forum has said governors are implementing diverse strategies and measures aimed at resolving the ongoing economic challenges and food crises in their respective domains. The NGF also said the devaluation of the naira was fuelling food export …
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The three cement manufacturing companies listed on the Nigerian Exchange Limited improved their incomes by 30.65 per cent to N3.07tn in 2023. The financial statements of Dangote Cement, BUA Cement and Lafarge Africa for 2023 showed a revenue of N2.35tn …
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The Economic and Financial Crimes Commission, on Monday, indicted banks as being linked to about 70 per cent of the financial crimes in Nigeria. EFCC’s Chairman, Ola Olukayode, disclosed this while speaking in Abuja at the 2023 Annual Retreat and …
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The Senate has said it will quiz some officials of the Central Bank of Nigeria on how the N30tn Ways and Means loan was obtained and spent by the Federal Government during the Muhammadu Buhari-led administration. The Chairman of the …
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The Nigeria Insurance Corporation has said that it has reimbursed depositors of 179 rested microfinance and four mortgage banks across the country. The Managing Director of the NDIC, Dr Bello Hassan, stated this at the NDIC Special Day during the …
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CBN’ Governor, Dr Olayemi Cardoso The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that foreign exchange backlogs have been cleared in all the banks except for five of them. Cardoso said this on Thursday during an …
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The Central Bank of Nigeria has over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilise the naira-dollar exchange rate. The Association of Corporate Treasurers of Nigeria made the disclosure in an advisory memo …
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No less than 59.1 per cent of capital importation into the country in 2023, amounting to $2.31bn, was foreign loans, according to the latest capital importation report released by the National Bureau of Statistics. According to the report, foreign capital …
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The Federal Government has assured the Federal Mortgage Bank of Nigeria (FMBN) of legislative amendments of relevant housing industry laws that will pave the way for its recapitalisation to N500 billion to enable the bank carry out its cardinal objectives. …
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Joe Ajaero, NLC President The organised private sector, Ekiti, Sokoto, and other states have faulted the demand by the Nigeria Labour Congress for N1m minimum wage, stating that it is not realistic. The NLC President, Joe Ajaero, in an interview …
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The International Monetary Fund has said stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria. The report came amid rising inflation, exchange crisis, weak economic growth and business shutdowns. The global lender said …
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25 companies affected 5.5m direct, indirect jobs at risk The Manufacturers Association of Nigeria (MAN) said the ban imposed on the production and sales of alcoholic drinks in sachets and PET bottles threatens investments worth over N800 billion. This was …
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The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that the apex bank was making efforts to tackle the volatility of the currency. The local currency appreciated by 1.09 per …
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The Federal Inland Revenue Service (FIRS) has concluded plans to enforce tax payment for social media content creators and influencers, alleging that social media content creators and influencers constituted a major block of tax evaders. “They are not paying,” Dare …
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Offsets ‘verified’ aviation FX backlog, pays $64.4mAmid sustained slide of naira, which currently trades around N1,500 in exchange to a dollar, the Central Bank of Nigeria (CBN) has warned authorised dealers to ensure that transactions are conducted transparently. The apex …
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At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the headquarters. A source at the apex bank told our correspondent exclusively that the plan, though …
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Trading Floor of NSE The market capitalisation of the Nigerian Exchange gained about N1.24tn at the end of Monday’s trading to close at N57.28tn, bringing it closer to the historic N60tn mark. That was as the market value of Dangote …
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