NBA 2017 Annual General Conference begins Friday
A statement by the NBA-AGC Media and Communications unit said participants would be drawn from government, business, professional service providers and the academia from across the world.
CBN and the penalties of forex revenue
Notwithstanding the unlimited “time allowed for past policies (of the CBN’s Monetary Policy Committee) to work through the economy” and despite the demand (borne out of unbroken disappointment)...
CBN rates’ hold decision: One year in perspective
In the last one year, the Central Bank of Nigeria (CBN) has sustained its rates’ hold, but at the same time offered government’s securities to investors at rates above the benchmark interest rate at 14 per cent and the soaring inflation, now tamed at 16.1 per cent. The development might look surprising and contradictory,…
Banks-owned property up for grabs
The last is yet to be heard of the impact of recession in the country as financial institutions, especially commercial banks have begun to sell their idle landed property in major urban centres to cushion the liquidity shortage in the sector.
9mobile remains strong, CBN says
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN) says that 9mobile, one of the four biggest telecommunication companies in Nigeria remains strong with a solid revenue base.
CBN to resuscitate moribund industries in Kano State
Pursuant to Federal Government’s economic diversification policy, the Central Bank of Nigeria (CBN) has hinted of plans to investment over ₦382billion to resuscitate moribund industries in Kano.
Nigeria will be out of recession before year end, says CBN
The Central Bank of Nigeria (CBN) has assured Nigerians that the current recession they are facing would end before the end of the year, even as it blamed overdependence on importation for the problem.
CBN attributes economic crises to external factors
The Central Bank of Nigeria (CBN) has again attributed current economic crises to a mix of external factors like slide in crude oil prices, and internal factors such as under-investment in domestic productive sector.