Sunday, August 9, 2026
CBN increases charges on cash deposits, withdrawals
From Wednesday, September 18, 2019 charges collected by banks from individuals who deposit cash above N500,000 will increase to 2...
Read moreDetailsCowry Asset analyst says planned VAT hike might hurt economy more
Kenneth Afor An investment analyst has told business a.m. that moves by the Federal Government to raise Value Added Tax...
Read moreDetailsCBN September 2019 MPC meeting to hold earlier than scheduled
The Central Bank of Nigeria (CBN) has rescheduled its September 2019 Monetary Policy Committee (MPC) by one week. The meeting...
Read moreDetailsOil drops sharply as Saudi output seen returning soon after attacks
Oil prices dropped sharply on Tuesday after a top Saudi Arabian source told Reuters that production could be fully back...
Read moreDetailsFG inaugurates panel to recover N5trn AMCON debts
An inter-agency committee to recover the N5trn debts owed the Asset Management Corporation of Nigeria has been inaugurated by the...
Read moreDetailsNigeria’s headline inflation declines to 11.02 percent in August
Omobayo Azeez The consumer price index, (CPI) which measures inflation decreased by 0.06 percent in August from 11.08 in July,...
Read moreDetailsBudget benchmark stays despite increasing oil prices
The federal government on Monday said it was not in a hurry to adjust its benchmark oil price for the...
Read moreDetailsDirect remittances to Nigeria rise 136% to $11.6bn
The Central Bank of Nigeria has disclosed that total direct remittances to Nigeria in the first seven months of the...
Read moreDetailsNigeria’s domestic revenue among world’s lowest —Bill Gates
American billionaire and philanthropist, Bill Gates, has said that Nigeria has one of the lowest domestic revenues at just six...
Read moreDetailsN100bn loss dislodges equity investors’ rising confidence
The domestic equities market resumed the week on a negative note as the All Share Index declined by 0.74 percent...
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