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economy
Capital flight drives stock investors to reform
The effects of fiscal and monetary policies on the Nigerian equity market have raised concerns among stakeholders, despite the fact that it has ended the last three years on a positive note. OLUWAKEMI ABIMBOLA writes about the need for…
Subsidy: FG owes NNPCL N2.8trillion – Kyari
Mele Kyari, the Chief Executive of the Nigerian National Petroleum Company Limited (NNPCL), claimed on Tuesday that the federal government owes the company N2.8 trillion for fuel subsidy payments.
After his meeting with President Bola…
Banks supporting unlicensed foreign companies will face CBN sanctions
By facilitating the flow of capital to a variety of investment opportunities, it may also encourage increased levels of direct foreign investment into the host nation.
It was stated that "in view of these, the Central Bank of Nigeria…
Emefiele Support Groups Plan Violent Protests In Abuja And Other Cities
Plans by Support Groups sympathetic to the CBN Governor, Godwin Emefiele, to stage massive protests which may turn out to be violent have been uncovered.
Dependable sources privy to the meeting organised by the duo of Toochukwu…
SAN Bags Msc From Oxford University, Says Taxation Now Major Source Of Revenue Around The World
A prominent lawyer and leading Senior Advocate of Nigeria, Mr Ahmed Raji, has said taxation is now a major source of income for all countries of the world.
According to him, most countries of the are now focussing on taxation in the face…
Read The Press Remarks On Issuance Of New Naira Banknotes By Mr Godwin Emefiele, Governor, Central…
Good afternoon Ladies and Gentlemen, and welcome to this special press briefing at the Central Bank of Nigeria. We have called this gathering to inform all our stakeholders and the general public of persisting concerns we currently face…
Bank stops dollar transactions using naira debit cards
As a result of the increasing scarcity of foreign exchange in Nigeria, First Bank of Nigeria has suspended the usage of the Naira Mastercard, Naira Credit Card, our Virtual card, and Visa Prepaid Naira card for international transactions.…
Lawmakers Lament as Nigeria’s Debt Reaches an All-time High of N42.84trn
At the resumption of plenary yesterday, the House of Representatives joined the growing number of Nigerians who have expressed concern that the country may be approaching a debt trap, as the Debt Management Office (DMO) revealed that…
Federal Govt’s Policy Inconsistencies, Forex Remain Strong Business Constraints’
CWG Plc has stated that the federal government’s policy inconsistencies and the unavailability of foreign exchange are hindering the Nigerian business community, noting that, the precarious situation has made many business concerns to cease…
Nigeria releases $250m as first tranche to Indian firm for Ajaokuta steel settlement
Nigeria has released $250m to Global Steel Holding Limited as the first tranche of the $496m agreed by both parties over the dispute arising from the Ajaokuta steel complex.
A Spokesman for Nigeria’s Attorney-General, Dr.…