Eliminate multiple exchange rates, Soludo tells Central Bank of Nigeria
“I think some steps are beginning to be taken, but it is still quite a long way to go.”
Diamond Bank’s profit after tax drops to N3.49 billion
The bank’s gross earnings also dropped to N212.41 billion from the N217.09 billion.
Employee sues Access Bank over alleged unlawful suspension
The banker is asking the court to order the bank to reinstate him without further delay.
Nigeria needs aggressive tax revenue generation to drive growth, says Adeosun
“Revenue mobilisation is critical to the success of Nigeria’ s economic reform agenda,” the minister said.
CBN to sanction banks hindering SMEs’ access to forex
The apex bank spokesperson urges Nigerians frustrated by banks to call and lay complaints.
CBN rejects IMF’s call on Nigeria to float local currency
The bank says there is no country that floats its currency by just leaving it to the dictates of the market.
Forex: CBN creates special window for investors, exporters
“Supply of foreign currency to the new window shall be through portfolio investors.”
Cashless Policy: CBN suspends charges on large withdrawals
The Central Bank also ordered commercial banks to make refunds to customers already affected.
Diaspora remittances to Nigeria, other developing countries decline in 2 years – World Bank
Remittance to Nigeria, according to the report, went down by 10 per cent in 2016.
INTERVIEW: Why local content in Nigeria’s oil, gas industry is low – Executive Secretary, NCDMB
The official also spoke on the challenges of accessing the Nigerian Content Development Fund.
Correct policies, not OPEC deal will take Nigeria out of recession – Adeosun
The minister noted that Nigeria must focus on implementing the right type of economic policies.
Nigeria needs reform to avoid future forex crisis, says World Bank
The World Bank official noted that continued monetary policy tightening would address the pressures on the Naira.
Ecobank declares 2016 results, posts N52 billion post-t
Loss before tax amounted to N33.7 billion.
Central Bank disburses $280 million to SMEs, BDCs, others
Under the new arrangement, SMEs are allowed to purchase $20,000 per quarter.
Naira strengthens against dollar at parallel market
The naira appreciated from the N410 it posted at the segment on Friday.
Nigeria’s economy to rise 0.8 per cent in 2017 – IMF
The IMF said continued growth in agriculture and big government spending will drive the nation’s growth.
Unremitted oil revenue: NEITI wants Nigerian govt to revisit transfer of oil asset to NPDC
“In total, the non-payment for the 12 oil blocks by NPDC sums up to $3.925billion,” NEITI said.
Facebook shareholders demand report on fake news threat
The board of directors of the company recommend a vote against the proposal.
‘Missing’ Petrol Scandal: NNPC confirms Premium Times report of retirement of top officials
The NNPC announced the immediate retirement of three of the officials, and redeployment of four others.
Nigeria’s inflation declines by 0.52 per cent in March – Statistics Bureau
On a year-on-year basis, the sector recorded a reduction from 18.53 per cent in the previous months to 18.44 per cent.