News Reports
Polaris bank sale to begin after election – AMCON
“We would advertise for expressions of interest from investors after elections and commence the sale process.”
FG to auction N150bn bonds on January 30
The five-year re-opening bonds which would mature in April 2023 would be offered at 12.75 per cent.
![Finance minister, Zainab Ahmed. [PHOTO CREDIT: Daily Trust]](https://i1.wp.com/media.premiumtimesng.com/wp-content/files/2018/10/Zainab-Ahmed.jpg?fit=300%2C176&ssl=1)
Why Nigeria’s unable to assert self as Africa’s largest economy – Finance Minister
The minister says a unit will be deployed to monitor progress in revenue generation.
Illegal Detention: Court awards N5 million against First Bank
An official says the bank is unaware of the judgment.
Illegal $8.12bn profit repatriation from Nigeria: Questions, as Emefiele announces how CBN, MTN settled
The apex bank’s action has left many questions unanswered.
Why Nigeria needs a huge tobacco tax hike to curb smoking
Smoking is a major public health threat.
NPA MD pledges enabling environment for maritime businesses
Efforts are on-going to increase the depth of the draught of Onne port to 11 meters as a way of encouraging bigger vessels,
2019: Don’t drag Nigeria back to SAP era, CBN governor tells Atiku
The CBN official picks holes in Mr Abubakar’s proposed economic thrust.
CBN retains interest rate at 14%
The MPR, the rate the CBN lends to commercial banks, has remained unchanged at 14 per cent for 30 consecutive months.
$9bn Dangote Refinery: CBN reiterates funding support to indigenous companies
The refinery when it starts full operation would be refining 650,000 barrels of crude oil per day.
2019 Budget: How Nigeria will realise 2.3 million daily oil target — Officials
Two ministers express optimism that the target will be met.
Nigeria to establish national micro-finance bank
“The bank will serve as an efficient channel for the disbursement and monitoring of key intervention funds by the CBN.”
Oil prices slip as U.S. crude output nears 12 million bpd
International Brent crude oil futures LCOc1 were down 37 cents, or 0.6 per cent, at $60.95 per barrel.
Sub-Saharan Africa’s growth to accelerate despite tighter global conditions – Poll
The poll suggests Nigeria will grow 2.5 per cent this year.
Nigeria earns $640.35 million from Crude export – NNPC
The figure is higher than the $527.70 million logged in September 2018.
Price of cooking gas decreased in December 2018 — NBS
The price of diesel, however, increased to N221.56 in December 2018 from to N219.54 recorded in November 2018.
Nigeria inflation rises to 11.44%
The increase is 0.16 percent points higher than the rate recorded in November 2018.
Nigerian govt to track petrol consumption
The project will address the diversion of petroleum products and provide fuel consumption data.
Pipeline vandalism up by 42.9% in October — NNPC
NNPC says it realised about $640.35million from the export of crude oil and gas for October, 2018.
Flood: CBN approves ‘compensation’ for 550,000 rice farmers
Only selected farmers would benefit from the ‘compensation’.
Merger: CBN, SEC grant approval ‘in principle’ to Access, Diamond Banks
Bank officials speak on the merger plans.
11 companies indicate interest to run Ajaokuta steel
The federal government says it is not prepared to hand over the company now.
Nigeria targets 80% adult financial inclusion by 2020
About 36.6 million Nigerian adults do not have access to formal financial services.
Nigeria warns airlines against unauthorised charter operations
The license of culpable operators could be seized.
Naira reverses loss, sells at N360.5 to dollar
The naira gained 50 kobo at the parallel market.