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IMF: Nigeria’s economic recovery still challenging

The International Monetary Fund (IMF) says Nigeria’s economic outlook for 2018 remains challenging as private sector lending remains low and foreign exchange inflows are mostly short-term.
Mr. Okwu Joseph Nnanna (Deputy Governor, Central Bank of Nigeria), Mauritius, March 2, 2015.

Central bank deputy chief calls for speedy passage of factoring bill

The Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Dr. Joseph Okwu Nnanna, has called on the National Assembly to expedite action on the passage of the Factoring Bill currently before the parliament.
L-R: Senator Samuel Nnaemeka Anyanwu, Vice Chairman, Senate Committee on Banking, Insurance and other Financial Institutions; Chairman of the Senate Committee, Senator Rafiu Adebayo Ibrahim and Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru discussing during the Senate Committee retreat on the Amendment of the AMCON Act at the Intercontinental Hotel, Lagos on….Thursday

Senator: National Assembly must empower AMCON to recover N4.8 trillion debts

The National Assembly has been enjoined to as a matter of urgency empower the Asset Management Corporation of Nigeria to go after recalcitrant obligors.
1 The Independent National Electoral Commission (INEC) on Thursday distributed sensitive materials to all 16 local government areas in Ekiti state ahead of the governorship election.

INEC begins distribution of election materials in Ekiti

Ahead of tomorrow’s election in Ekiti State, the Independent National Electoral Commission (INEC), Thursday, commenced distribution of sensitive election materials in all the 16 local government areas of the state.
8 The Independent National Electoral Commission (INEC) on Thursday distributed sensitive materials to all 16 local government areas in Ekiti state ahead of the governorship election.

In Pictures: INEC moves election materials from CBN to Ekiti local councils

The Independent National Electoral Commission (INEC) on Thursday distributed sensitive materials to all 16 local government areas in Ekiti state ahead of the governorship election.

EFCC urges Nigerians to take ownership of anti-corruption war

The Economic and Financial Crimes Commission (EFCC) has challenged Nigerians to take ownership of the fight against corruption for a better society.

Naira sells at N358.5 to dollar at parallel market

The Naira on Wednesday appreciated marginally against the dollar at the parallel market in Lagos, exchanging at N358.50 to the dollar.

President Buhari signs NFIU Bill

President Muhmammadu Buhari on Wednesday signed the Nigeria Financial Intelligence Unit Act into law, the president’s Senior Special Assistant on National Assembly (Senate), Ita Enang, told journalists at State House, Abuja.

Naira stays firm at parallel market

Data on the official website of the CBN showed that the value of the naira dropped by five kobo to trade at N305.75 from N305.7 which it has traded at since last week.

Central bank injects $210 million into foreign exchange market

The Central Bank of Nigeria (CBN), on Tuesday injected 210 million dollars into the inter-bank Foreign Exchange market to meet customers’ requests in various segments of the market.
Central Bank of Nigeria - CBN

CBN: Nigerians are not opposed to higher interest rates

The Inflation Attitude Report released by the Central Bank of Nigeria on Monday says Nigerians prefer higher interest rates to higher inflation.

Kingsley Moghalu: Anti-Buhari coalition ‘allegiance of same old career politicians’

Kingsley Moghalu, a presidential aspirant of the Young Progressives Party (YPP), says what Nigerians need is a generational shift in governance and not allegiance to “same old career politicians”.

Central bank urges financial operators to diversify products

The Central Bank of Nigeria (CBN), has urged insurance operators in the country to ensure diverse insurance products to enable more citizens to key into insurance.

Banks review ATM cash withdrawal overseas

Guaranty Trust Bank (GTBank) and First City Monument Bank (FCMB), it said, at the weekend raised their monthly card spending limit on overseas PoS and online transactions from $1,000 to $3,000 and around $2,000 to $5,000.

Oyo government imposes security levy on residents, targets N20bn annually

The Executive Secretary, the Oyo State Security Trust Fund, OYSSTF, Mr. Femi Oyedipe, during the weekend hinted the newsmen that the state government had commenced the collection of security levy from business premises, churches, mosques and corporate organisations in the state, with an estimated income of about N2b annually.

PDP to immortalise Adamu Ciroma, Alex Ekwueme, Solomon Lar, others

The Peoples Democratic Party (PDP) has said it was going to immortalise late Adamu Ciroma, Alex Ekwueme, Solomon Lar and other deceased founding fathers of the party.

Naira gains against dollar at parallel market

The Naira on Friday firmed up against the dollar at the parallel market, gaining 20 kobo to exchange at N359 to the dollar, the News Agency of Nigeria reports.

Governor Ambode urges federal government to sign AfCFTA to boost export

Governor Akinwunmi Ambode of Lagos State on Thursday declared support for the African Continental Free Trade Agreement and urged Nigeria to sign the agreement.

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