New CBN credit policy will stimulate economic growth – Expert
An economist, Mr Titus Okuroumu, on Friday expressed optimism that the new Central Bank of Nigeria (CBN) credit policy would consolidate the gains already made in the economy and stimulate…
Banks’ lending to private sector drops by N600.6bn in 6 quarters, manufacturers lament
The total loans granted by Nigerian banks to the private sector declined by N600.60bn, from N16 trillion in the first quarter of 2017 to N15.34 trillion, in the second quarter…
Investors on Nigerian bourse lose N2.49 trillion in 7 months
Investors on the Nigerian Stock Exchange (NSE) lost N2.49 trillion or 15.64 per cent between January and July, a development experts attribute to the political uncertainty in the country. The…
Sallah: Bank customers decry no salary, tight economy
Bank customers in the Federal Capital Territory (FCT), on Tuesday attributed non-payment of salaries by the Federal Government as reason for low queues at various bank Automated Teller Machines (ATMs)….
Nigeria’s capital importation in Q2 stands at $5.513billion — NBS
The National Bureau of Statistics (NBS), says the total value of capital importation into Nigeria stands at $5.5 billion in the second quarter, with flighty portfolio investors accounting for…
Nigeria Stock Exchange market capitalization inches N 236 billion
The Nigerian Stock Exchange (NSE) recorded the first gain for the week with the market capitalisation increasing by N236 billion on Friday. The News Agency of Nigeria (NAN) reports that…
Foreign exchange inflow hits $91b in 2017 – CBN annual report
The Central Bank of Nigeria (CBN), says the aggregate foreign exchange inflow into the country stood at $91 billion in 2017. The bank disclosed in its 2017 annual report released…
VAT remittances jump but states still owe FIRS N41bn – NEC
The National Economic Council (NEC) says states are owing the Federal Inland Revenue Service (FIRS) N41 billion in Value Added Tax (VAT) just as it was revealed that VAT remittances…
Go public or no licence renewal, Uganda tells MTN
Uganda has asked the local unit of South African telecoms giant MTN Group (MTNJ.J) to list some of its shares on the local stock exchange as a condition for renewing…
FG to include ICT, telecom on forex priority list
The Minister of Communications, Mr Adebayo Shittu, says the ministry is collaborating with the Central Bank of Nigeria (CBN) to include the ICT and Telecom industry on Forex priority list. Shittu,…