CBN releases another $210m to boost foreign exchange market
The Central Bank of Nigeria (CBN) on Tuesday said $210 million had been freshly injected to boost the Nigerian foreign exchange market...Read More
Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
4,160 investors in Ponzi Scheme to receive refund of their money
There is respite coming the way of investors in Dantata Success and Profitable Company as the Securities and Exchange Commission (SEC)...Read More
Nigeria’s 2018 budget deficit hits N3.4trn in 2018
New figures released by the Central Bank of Nigeria (CBN) has shown that the Federal Government recorded a deficit of N3.4 trillion in ...Read More
Capital market strengthens positive run as investors gain N77.5bn
The Nigerian capital market continued its positive run on Wednesday after Tuesday rebounding, as investors gained N77.5 billion at the ...Read More
Nigeria to consider cut in crude oil output
President Muhammadu Buhari has said Nigeria may consider cutting her crude oil output as a way of helping to shore up prices of the com...Read More
Power sector losses N69.1bn in seven weeks
The Advisory Power Team (APT) at the office of the Vice President has said the nation’s power sector lost N69.1bn between January 1 and...Read More
Only 12% of Nigeria’s 70m workers are on contributory pension scheme —PenCom
The National Pension Commission (PenCom), has said that out of the over 70 million people that represent the working population in Nig...Read More
Stock market reacts to poll postponement, sheds N196bn
The nation’s capital market expectedly reacted negatively to the postponement of the 2019 general elections, as investors lost N196 bi...Read More
Currency in circulation hits N2.32trn, CBN report says
The fourth quarter 2018 report just released by the Central Bank of Nigeria, CBN, has shown that currency in circulation as at the end ...Read More
Bureau De Change operators want to be exempted from VAT, CoT
The Association of Bureaux De Change Operators of Nigeria, ABCON, has advocated for an exemption from the payment of Value Added Tax, V...Read More
Nigeria’s foreign reserve plunges to $42.8bn
Nigeria’s foreign reserve has declined to $42.86 billion, the lowest in two months, data obtained from the Central Bank of Nigeria, CBN...Read More
MTN subscribers increase to 225.4m amidst sanctions
MTN Nigeria, a telecommunication company in Nigeria, said its number of subscribers increased by 1.1 percent in the third quarter of 20...Read More
Sale of assets to fund 2018 budget inevitable – Ministers
Owing to dwindling revenue of Nigeria and rising cost of servicing new loans, the federal government has stressed the need to part fina...Read More
FAAC disburses N689.71bn to FG, States and LGs as September revenue
The Federal Account Allocation Committee (FAAC) has disbursed a total of N689.71 billion to the federal, state and local governments as...Read More
Nigeria doesn’t have a debt problem, but a serious revenue problem
The Director of Budget in the Ministry of Budget and National Planning, Ben Akabueze, has said that the country does not have a debt pr...Read More
Don’t Hoard Petrol, We Have Plenty In Stock – NNPC
The Nigerian National Petroleum Corporation (NNPC), has warned petroleum products consumers across the country against mishandling of p...Read More
Ubah, Ibrahim, Babalakin, Dariye top AMCON’s list of 105 debtors (See full list)
The Asset Management Corporation of Nigeria (AMCON), in its recently released list of debtors, has indicted some business men, former a...Read More
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