Saturday, May 9, 2026
In bad shape, Nigeria’s 2020 budget deficit could hit N4trn
By Moses Obajemu As oil prices plunge Apprehension over FG’s borrowings ‘Worse-than-ever’ recession on the horizon As oil prices tumble in...
Read moreDetailsOPEC oil cuts deal in trouble as Russia resists
OPEC’s plans for deep and prolonged oil cuts were derailed on Friday as non-OPEC Russia refused to support the move...
Read moreDetailsNAHCO, SAHCO fight over Ethiopian Airline contract as exports soar at Lagos airport
By Samson Echenim Nigeria's two biggest cargo handling companies, NAHCO and SAHCO are currently at each other's neck over Ethiopian...
Read moreDetailsElectronic payments hit N10.89tn in January
Nigerian banks facilitated electronic payments valued at N10.89tn in January, a 29 per cent increase in transactions as against N8.41tn...
Read moreDetailsCBN mandates banks to charge for cash deposit
The Central Bank of Nigeria (CBN) has said bank customers who make cash deposit of N500,000 and above will start...
Read moreDetails$30bn leakages: Reps probe CBN, FIRS, banks, others over forex racketeering
The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue Service over...
Read moreDetailsChina approves arthritis drug for coronavirus treatment
An anti-inflammation drug, Actemra (tocilizumab), manufactured by the Swiss pharmaceutical company, Roche, has been approved by the Chinese government for...
Read moreDetailsSenate okays Buhari’s $22.7bn loan request
The Senate, on Thursday, approved the $22.7bn loan request of President Muhammadu Buhari, after a heated debate that ended up in...
Read moreDetailsCBN unveils draft guidelines for MFBs
The Central Bank of Nigeria has released an exposure draft guideline for the regulation and supervision of the microfinance banks...
Read moreDetailsCoronavirus: FG to review budget as oil price plunges
The federal government has announced plans to review the 2020 budget as crude oil revenue comes under pressure from the...
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