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Nigeria’s Economy Grows By 2.27% In 2019 – NBS

Nigeria’s Economy Grows By 2.27% In 2019 – NBS

The National Bureau of Statistics on Monday released the Gross Domestic Product report for the 2019 fiscal year with the economy growing by 2.27 percent in 2019.

CBN Speaks On Acceptance Of Foreign Currency Cash Deposits By DMBs

CBN Speaks On Acceptance Of Foreign Currency Cash Deposits By DMBs

The Central Bank of Nigeria has described as false the report that it has prohibited the acceptance of foreign currency cash deposits by DMBs. The apex bank via a statement issued on Twitter pointed out that “only transfers into domiciliary accounts can be transferred from such accounts while cash deposits into such accounts can only […]

FG Announces Drop In Excess Crude Account Balance In One Month

FG Announces Drop In Excess Crude Account Balance In One Month

The Federal Government has said that the balance of the Excess Crude Account (ECA) dropped by $253 million between January and February.

CBN Restricts FOREX For Diary Products , Exempts Six Firms From Ban

CBN Restricts FOREX For Diary Products , Exempts Six Firms From Ban

The Central Bank of Nigeria (CBN) has announced that milk and other dairy products are part of the list of items not eligible for foreign exchange (FOREX).

Pollution: CBN To Recycle Tonnes Of Bad Naira Notes

Pollution: CBN To Recycle Tonnes Of Bad Naira Notes

The Central Bank of Nigeria (CBN) says it plans to recycle about 100 tons of naira banknote wastes generated weekly across the country.

Fuel Stations Protest NUPENG’s Suspension Of Petrol Distribution To Badagry

Fuel Stations Protest NUPENG’s Suspension Of Petrol Distribution To Badagry

Some fuel stations in Badagry have been shut after NUPENG suspended petrol distribution to the area, Concise News reports.

Dangote Tomato Company Begins Production In Kano

Dangote Tomato Company Begins Production In Kano

The Dangote Tomato Processing Company, Kadawa, has confirmed the recruitment of no fewer than 100 skilled and casual workers ahead of its production resumption.

Failed Banks: NDIC To Begin Paying Affected Depositors Soon

Failed Banks: NDIC To Begin Paying Affected Depositors Soon

NDIC has said that it will commence claims verification for depositors of the three Micro Finance Banks (MFBs) and Primary Mortgage Banks (PMBs) recently closed by the CBN starting from Monday Feb. 3.

We Are Not Borrowing N2 Trillion Pension Funds- FG

We Are Not Borrowing N2 Trillion Pension Funds- FG

The Federal Government has on Friday, January 31, denied plans to borrow N2 trillion pension funds for development of  infrastructure.

Africa’s Debts Stand At $500bn – AfDB

Africa’s Debts Stand At $500bn – AfDB

The African Development Bank (AfDB) says the total debt stock of Africa, both external and domestic currently stands at 500 billion dollars.

Lecturer Faults Buhari’s Nomination Of Obiorah As CBN Deputy Governor

Lecturer Faults Buhari’s Nomination Of Obiorah As CBN Deputy Governor

President Muhammadu Buhari should not have nominated Kingsley Obiora as the Deputy Governor of the Central Bank of Nigeria (CBN), according to a lecturer Bongo Adi.

Nigerian Ports Most Expensive In West Africa, FG Admits

Nigerian Ports Most Expensive In West Africa, FG Admits

The Federal Government has revealed that Nigerian ports are the most expensive in the West African sub-region, Concise News reports. 

Buhari’s Promise To MTN Group Revealed

Buhari’s Promise To MTN Group Revealed

The President Muhammadu Buhari administration has assured MTN Group of Nigeria's willingness to providing an enabling environment for businesses to succeed.

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