The Central Bank of Nigeria (CBN) has signaled readiness to battle uncertainties in 2019, following reversals in global growth projections for 2018 and 2019 to 3.7 per cent from the 3.9 per cent earlier projected. In emerging market, where Nigeria plays alongside the big factors like Argentina, Brazil, Iran, Turkey, and South Africa, among others,…

Unlike some months and even years ago, insurgents in the northeast appear to be shifting their attacks from soft targets- civilians, Internally Displaced Persons (IDPs) camp and hapless communities- to hard targets, including military bases and formations across the region. In the last few weeks, different groups of insurgents have attacked military bases in Borno…

Determined to strengthen Nigeria’s economic diversity, Jaiz Bank Plc, is partnering with the Central bank of Nigeria (CBN), to promote financial inclusion especially in the rural communities. The Managing Director of the bank, Hassan Usman, revealed the strategic plan will include extending micro banking instrument to the rural communities that are not captured in the…

Absence of Justice Chukwujekwu Aneke on Monday stalled hearing of a suit by MTN Nigeria against the Attorney-General of the Federation (AGF) challenging the legality of N242 billion and 1.3 billion dollars import duties and withholding tax assessment. Hearing of pending applications in the suit could not hold on Monday before a Federal High Court…

It is not going to be easy for banks, companies and individuals behind activities aimed at undermining the extant policy on the 41 items banned from accessing foreign exchange at the official window of the Central Bank of Nigeria (CBN), as it is now declared economic sabotage. For the apex bank, beside the immediate prosecution,…

Purchasers' Manager Index (PMI), which records activities in the manufacturing and non-manufacturing sectors of the economy, including employment, continue...

The quest for the amendment of the Nigeria Deposit Insurance Corporation (NDIC) Act 2006, to enable it eliminate assessed gaps hindering the full implementation of the Deposit Insurance System (DIS) in Nigeria, would be given accelerated attention, The Guardian has learnt.   The Senate Committee on Banking, Insurance and Other Financial Institutions expressed has expressed a strong commitment of the lawmakers to the…

The Central Bank of Nigeria (CBN) has retained its more than two-year Monetary Policy Rate (MPR) to close the 2018 fiscal calendar...

Osun State government has disbursed over N4 billion to Micro, Small and Medium Enterprises (MSMEs) in the state. The Commissioner for Commerce, Industries, Cooperatives and Empowerment, Mr. Ismaila Jayeoba-Alagbada, stated this at a press conference in Osogbo yesterday. “Through effective and efficient credit administration and management, the initial fund released to the agency by the…

Owing to discrepancies in official figures, the Central Bank of Nigeria (CBN) and the African Institute for Remittances (AIR) have kicked off a training leading to a household survey for ascertainment of remittances from Nigerians abroad. The study holds in the first quarter of next year. Sponsored by the World Bank and the African Union…

From the the nation’s money changers came a positive claims of Naira stability and increase in job creation in thousands, made possible by the sustained foreign exchange interventions by the Central Bank of Nigeria (CBN).   Under the aegis of the Association of Bureaux De Change Operators of Nigeria (ABCON), they affirmed that the 163…

As the Federal Government steps up plans to offer more of its assets for sale under the ongoing privatisation programme, stakeholders in Nigeria’s capital have renewed the call to ensure that the exercise is done through the capital market.