Friday, March 13, 2026
CRR increment to 27.5% balances the odds to rising inflation, says experts
…as MPC urges FG to fix ‘structural impediments’ to growth Adesola Afolabi The decision taken by members of the...
Read moreDetailsCBN increases banks’ Cash Reserves Ratio to 27.5%
The Monetary Policy Committee of the Central Bank of Nigeria on Friday altered the Cash Reserves Ratio from 22.5 per...
Read moreDetailsFG suspends salaries of tertiary institutions’ workers not on IPPIS
The federal government has suspended the release of the funds for the payment of salaries of workers of tertiary institutions...
Read moreDetailsFG to borrow N2tn from N10tn pension fund
The National Economic Council (NEC) Thursday in Abuja announced the resolve of the federal government to borrow N2 trillion from...
Read moreDetailsCabotage fund hits N72.4bn as FG sets up disbursement c’ttee
By Samson Echenim Nigeria's Cabotage Vessels Financing Fund (CVFF) has reached $200 million (about N72.4 billion), Rotimi Amaechi, minister of...
Read moreDetailsLagos, Rivers, A’Ibom, Delta, C’River top states’ indebtedness list
Lagos, Rivers, Akwa Ibom, Delta and Cross River States are the leading debtor-states in the country, according to the latest...
Read moreDetailsPFAs invest N7.40tn in FG securities, infrastructure
About N7tn of the N9.99tn pension fund assets has been invested in the federal government securities by pension fund administrators....
Read moreDetailsFG excludes food items, others from VAT
The new Finance Act 2019 set to take effect from February excludes basic food items, sanitary towels, pads, and tuition...
Read moreDetailsCBN’s N225.45 billion treasury bills auction records oversubscription
The Central Bank of Nigeria’s (CBN) Treasury Bills Auction that held last Wednesday was oversubscribed in spite of the low rates. The...
Read moreDetailsBREAKING: Inflation rate jumps to 11.98% as border closure continues
Nigeria’s inflation rate rose year on year from 11.44% as at the end of 2018 to 11.98% by December 2019. This...
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