Buhari writes Senate, seeks confirmation of Obiora as CBN Deputy Gov, Akande as NCC Chairman
Businessam StaffJanuary 28, 2020
…seeks Nuhu’s confirmation as NCAA Director-General The Senate has received a request from President Muhammadu Buhari for the
CBN pumps $9.98bn into forex market in Q4
Businessam StaffJanuary 28, 2020
The Central Bank of Nigeria (CBN) sold a total of $9.98 billion to authorised foreign exchange dealers in the fourth quarter of 2019.
Again, Emefiele forecloses possibility of currency devaluation
Businessam StaffJanuary 27, 2020
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), has again ruled out the possibility of a naira devaluation, amidst
CRR increment to 27.5% balances the odds to rising inflation, says experts
Adesola AfolabiJanuary 24, 2020
…as MPC urges FG to fix ‘structural impediments’ to growth Adesola Afolabi The decision taken by members of the Central Bank of
CBN increases banks’ Cash Reserves Ratio to 27.5%
Businessam StaffJanuary 24, 2020
The Monetary Policy Committee of the Central Bank of Nigeria on Friday altered the Cash Reserves Ratio from 22.5 per cent to 27.5 per
FG suspends salaries of tertiary institutions’ workers not on IPPIS
Businessam StaffJanuary 24, 2020
The federal government has suspended the release of the funds for the payment of salaries of workers of tertiary institutions who have
FG to borrow N2tn from N10tn pension fund
Businessam StaffJanuary 24, 2020
The National Economic Council (NEC) Thursday in Abuja announced the resolve of the federal government to borrow N2 trillion from the
Cabotage fund hits N72.4bn as FG sets up disbursement c’ttee
Samson EchenimJanuary 23, 2020
By Samson Echenim Nigeria’s Cabotage Vessels Financing Fund (CVFF) has reached $200 million (about N72.4 billion), Rotimi
Lagos, Rivers, A’Ibom, Delta, C’River top states’ indebtedness list
Businessam StaffJanuary 23, 2020
Lagos, Rivers, Akwa Ibom, Delta and Cross River States are the leading debtor-states in the country, according to the latest
PFAs invest N7.40tn in FG securities, infrastructure
Businessam StaffJanuary 22, 2020
About N7tn of the N9.99tn pension fund assets has been invested in the federal government securities by pension fund administrators.