Probe reveals N30b oil revenue ‘hidden’ by NNPC
Full disclosure in the administration of crude sales remains an issue at the Nigerian National Petroleum Corporation (NNPC) despite current efforts...
Forex market gets $514m boost ahead of Yuletide
The Central Bank of Nigeria (CBN) ended foreign exchange (forex) market transactions for the week with $303.9 million, as it earlier in the week, sold $210 million to sustain liquidity.
‘Our roles in exchange rate stability is no more in doubt’
Aminu Gwadabe is the President of Association of Bureau De Change Operators of Nigeria. He has remained outspoken and passionate about the role of his members in bringing exchange rate to convergence.
CBN revives N550b non-oil export facility
The Central Bank of Nigeria (CBN) stepped up its development intervention in the economy as it disclosed yesterday that N500 billion Export Stimulation...
Caution optimism and Nigeria’s economy
The Central Bank of Nigeria (CBN), at its last Monetary Policy Committee meeting, retained all rates for a period of 16 months, since July 2016 when it adjusted it upwards from 13 per cent to 14 per cent. The move was more of a “single dose” approach to multiple challenges facing an economy soon to…
Economy: Mailafia advocates rigorous policy implementation
Dr Obadiah Mailafia, former Central Bank of Nigeria(CBN) Deputy Governor has expressed optimism that rigorous implementation of various economic policies in the country would help to grow the economy. Mailafia said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. He said that Nigeria had many good economic policies…
IFIS secures CBN’s approval, crosses 10,000 agents’ mark
A commercial Super-Agent licence has been granted to Interswitch Financial Inclusion Services (IFIS), a subsidiary of Interswitch Group, by the Central Bank of Nigeria (CBN).
National Assembly aides protest salary delay, indict paying bank
Legislative aides at the National Assembly yesterday protested the delay in the payment of their November salary through SunTrust Bank Plc.