Anxiety Over Fate Of Tomato Paste Industry
A tomato processing plant in Nigeria With the Central Bank of Nigeria (CBN's) reluctance to amend its foreign exchange restriction for the importation of certai
Debt Burden, Infrastructure Gap And PPP
Naira As stated by the Debt Management Office, (DMO), Nigeria's public debt manager, the debt portfolio has grown in leaps and bounds from N7.744 trillion in 20
CBN, Heritage Bank Offer N2b Lifeline To Triton Aqua
Heritage Bank Limited The Central Bank of Nigeria (CBN) in partnership with Heritage Bank Limited has provided a N2 billion long-term facility, under the Commer
Economy In 2016: Same Tricks, Motion Without Movement
Minister for Finance, Kemi Adeosun PHOTO: SUNDAY AGHAEZE/STATE HOUSE Optimism has never ceased to be part of Nigerian system. But in unfailing manner, it has ne
Naira Falls Again At Parallel Market
The Naira on Wednesday fell further to N492 to a dollar at the parallel market, from N490 it closed on Tuesday, the NAN reports. The Pound Sterling and the Euro
CBN Denies Reports Of Allocation Of Dollars
The Central Bank of Nigeria (CBN) has denied reports from some quarters that it allocates dollars unilaterally. A statement by Mr Isaac Okoroafor, Acting Direct
NPF Microfinance Bank Declares N688m Profit
""Assets base stands at N13.6billion "" The Nigerian Police Force (NPF) Microfice Bank Plc has posted a profit before tax of N688 million in the current financi
Naira On Recovery Path As Banks Begins Dollar Sale To BDC Operators
Mr Harisson Owoh, an accountant, on Monday stated that the Naira was on the path to recovery as banks were set to sell Forex to Bureau De Change Operators (BDCs
Manufacturers Express Concerns Over New Forex Policy
Forex Manufacturers have expressed concerns that the new forex policy announced last week by the Central Bank of Nigeria (CBN) might worsen the spiraling inflat
Regional Maritime Bank: Scramble For Headquarters As Nigeria Dithers
NIGERIAN MARITIME • Stakeholders Say It's Not Priority Countries in Central Africa, particularly the French speaking, are believed to have joined in the race
Naira Depreciates Slightly Against Dollar
The naira, on Friday, depreciated slightly against the dollar at the close of trading at the parallel market. The News Agency of Nigeria , reports that the nati
Suffering Amid Plenty
The office of the Accountant General of the Federation (OAGF) has revealed that, as at the end March, not less than N3trn Federal Government funds hitherto hel
Ex-MINT Boss, Okoyomon Battling EFCC Over Extradition As UK Court Convicts Accomplice
A former manager of a polymer banknote manufacturer, Securency International Pty Ltd of Australia, Peter Chapman, who allegedly bribed Emmanuel Ehidiamhem Okoyo
CBN Cautions Bank Customers Against Fraudulent SMS On Debit Cards
The Central Bank of Nigeria (CBN) has cautioned bank customers against disclosing their Debit (ATM) Card details to fraudsters who send out fake SMS messages. T
Women Body Seeks Economic Stability, End To Fiscal Leakages
Babatunde Fowler FIRS, CBN, CAC officials list measures for improved economy The Society of Women in Taxation (SWIT) hasdescribed the current period in the nati
CBN Donates 400 Bags Of Rice To Borno IDPs
The Central Bank of Nigeria (CBN) on Thursday donated 400 bags of rice to Internally Displaced Persons (IDPs) in Borno. The CBN Governor, Mr Godwin Emefiele, wh
EFCC Detains Fani-Kayode, Asks Him To Refund N840m
The Economic and Financial Crimes Commission, EFCC, Monday, detained a former Minister of Aviation, Chief Femi Fani-Kayode, for allegedly receiving N840m from t
N20bn Bailout: Wada Faults Bello
Kogi State Governor, Yahaya Bello PDP, group accuse government of insincerity. Immediate past governor of Kogi State, Captain Idris Wada has faulted reports cre
Fuel Scarcity Triggers Price Disparity Across Major Cities
Filling station There were indications during the week at across that some major fuel marketers may have struck deals with foreign partners to bring in fuel int
Naira Remains At N321 To Dollar At Parallel Market
The Naira on Friday traded at N321 to the dollar at the parallel market. The NAN reports that the Naira remained stable at N321 for almost a week. However, the