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The Central Bank of Nigeria said that the active participation of FMDQ OTC Securities Exchange in Naira-settled over-the-counter foreign exchange futures helped in stemming naira devaluation.
Huge cost of servicing new loans amid poor revenue informed the Federal Government’s decision to dispose of 10 state-owned assets to select investors and the public between now and year end, in order to fund the 2018 fiscal plan.
President Muhammadu Buhari has finally resisted pressure from cash strapped state governors, who have been agitating for the release of balance of Paris Club refund, and insisted that the payment would only be made to states that are not owing workers salaries.
The Central Bank of Nigeria (CBN) has asked a Lagos High Court to dismiss a suit brought before it by MTN Nigeria, seeking to stop the bank’s directive to it (MTN) to return to the coffers of the apex bank, $8.1billion alleged to have been improperly repatriated by the telecom firm and unpaid taxes of $2.0 billion levied against it.
Key foreign investors, who met at various meetings with the Nigerian government delegation to the United Nation’s General Assembly in New York during the week, have expressed interest in scaling up investment in Nigeria.
The Central Bank of Nigeria (CBN) yesterday revoked the operating licence of Skye Bank Plc exactly 27 months after its intervened in the ailing bank.
The Central Bank of Nigeria (CBN) and the Bureau of Public Enterprises(BPE) have signed an agreement for the sale of the Federal Government’s 12.4 billion shares in Nigerian Security Printing and Minting company (NSPM) to CBN.
About 400, 000 farmers have so far been supported financially and technically to grow 12 crops under the Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria (CBN).
Four hundred thousand farmers have so far been supported financially and technically to grow 12 crops under the Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria (CBN).
The Nigerian Export-Import Bank (NEXIM) has approved the disbursement of loans totaling about N25billion in support of various projects in the non-oil export sector.
Imo State Governor Rochas Okorocha has said that the “Igbo love President Buhari. What he is doing in Igboland has touched the Igbos. Let him know we love him and that in 2015, Igbo people played bad Politics, because the Igbos never believed in Buhari but in 2019 Igbo will vote massively for Mr. President.
Minister of Finance, Kemi Adeosun, has explained that if the issues that led to the Federation Accounts and Allocation Committee (FAAC) meeting with governors that ended in a deadlocked is not resolved, salaries might be affected in the states.
The House of Representatives ad hoc committee investigating the excessive electricity billings on Wednesday blasted the electricity Distribution Companies, DisCos, and the Nigerian Electricity Regulatory Commission, NERC, over their unlawful practices in billing customers excessively even without power supply, dismissing them as failures and fraudsters.
The Federal High Court in Abuja ruled on Tuesday that information about the amount of taxpayer fund suspected to have been expended on President Muhammadu Buhari’s treatment in London last year, could not be released under the Freedom of Information Act without the President’s consent.
The Central Bank of Nigeria (CBN) on Thursday told federal lawmakers in the House of Representatives that its 2016 food grain mop up scheme was initiated by the Federal Government to save the country from a looming danger arising from threats posed by export of the nation’s food grains by foreign companies.
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent.
A 21-year-old female student of one of the tertiary institutions in Enugu State has allegedly strangled her baby, shortly after delivery.
Four staff members of Independent National Electoral Commission (INEC), an NYSC member and a three-year-old girl died in an accident on Ajaokuta–Lokoja Road on Saturday, an official has confirmed.
Hajiya Amina Titi Abubakar, wife of the Peoples Democratic Party (PDP) Presidential Aspirant, Atiku Abubakar, said she married her husband because of his honesty, sincerity and integrity.
Rotary Club International has donated a solar powered Borehole to a community, Manna Baba in Sokoto south Local Government area of the state.
Adams Oshiomhole, national chairman of the All Progressives Congress (APC) and over 10 governors of the ruling party are currently at the presidential villa in Abuja where President Muhammadu Buhari is expected to showcase his achievements and unveil his plans if reelected.
Seyi Shay says American rappers, Meek Mill and Ludacris, were “blown away” when they listened to her new album project in Atlanta, US.
Senator Kabiru Marafa, Senate Committee Chairman on Petroleum (Downstream), has revealed how Abdulaziz Yari, Zamfara State governor, allegedly plotted to use 8,500 armed youths under the guise of civilian Joint Task Force (JTF) to destabilise the 2019 elections in Zamfara State.
The Chief of Army Staff (COAS) of Nigerian Army (NA), Lieutenant General Tukur Y. Buratai has assured residents and visitors to any part of the South-Eastern Nigeria of their safety.
Jose Mourinho has behaved “like a big baby” and Manchester United will only improve under a different manager, says Premier League winner Chris Sutton.
South Korea has sent 200 tonnes of tangerines to the North in return for mushrooms Pyongyang gave earlier, Seoul said on Monday, in the latest reconciliatory gesture between the neighbours.