Fear that more than 50 manufacturing firms are on the verge of shutting their factories in Nigeria before the end of first quarter of 2017 has...
By Atedo Peterside As part of their 14th Daily Trust Dialogue, the management of Daily Trust requested a presentation from me on “BEYOND RECESSION: TOWARDS A...
No fewer than 315 Federal agencies including the Nigerian Ports Authority (NPA), Nigeria Deposit Insurance Corporation (NDIC) have failed to submit audited accounts to the Office...
Worried by persistent fall in value of the Nigerian currency, the naira, which lost more than 90 per cent value in 2016, the Presidency has given...
Nigeria’s foreign exchange (forex) reserves have increased to $27.223 billion as at January 16, 2017, according to latest figures on the Central Bank of Nigeria’s (CBN)...
Operators in the sector are questioning why the authorities have licenced two Islamic insurance companies to operate in the country. This at a time the Nigerian...
The Federal Government’s hope of getting the country out of recession in 2017 may hit a brick wall if operators in the real sector carry out...
The management of Bank of Industry (BoI) has become ruffled as the Federal Government has concluded plans to appoint a board and management for Development Bank...
More facts have emerged on why the Central Bank of Nigeria (CBN) has stopped its subsidiary, the Nigeria Security Printing and Minting (NSPM), from printing lower...
With virtually all its policies aimed at strengthening the naira not yielding positive results, the Central Bank of Nigeria (CBN) has perfected plans to seek help...
The 2017 financial year may begin on a shaky note for the ministry of finance and some government agencies and parastatals. Informed sources have revealed that...
In an attempt to avoid the situation that hampered execution of Nigeria’s 2016 budget, the Federal Government has concluded plans to borrow about N450 billion, internally,...
There are indications that the forex market liquidity change is far from being resolved as the Naira suffered a major blow Thursday with a bad outing...
The accretion of Nigeria’s foreign exchange (forex) reserves, which started about two months ago, continued in the new year, when figures released yesterday by the Central...
In its bid to ensure that dollar currency is made available to vital sectors of the economy, the Central Bank of Nigeria (CBN) has concluded plans...
More tales of woes visited the Nigerian aviation sector in the month of December 2016 as fuel scarcity and turbulent harmatan haze led to disruption of...
Thousands of Nigerian pensioners were denied their payments during the Yuletide period due to CBN’s misunderstanding with commercial banks over non acceptance of biometric exercise carried...
By Reuben Abati… “How was your Christmas Day?” “Comme ci, comme ca” “What’s that?” “I am speaking French. You mean you don’t even understand elementary French?” “No, I...
Contrary to the CBN expectation that anticipated influx of dollar from Nigerians in Diaspora would sustain the exchange rate of the naira, the local currency on...
The long queues that have returned to most banking halls and at ATM pots, across Nigeria, has been blamed on the CBN’s failure to meet cash...
Five government departments and agencies, which failed to comply with the directive to remit all Federal government funds in their kitty have been given up to...
The fear of many on the credibility of Mavrodi Mondial Money box (MMM) may have become true as more than $700 million belonging to Nigerians, who...
The federal government on Saturday lined out a 10-point fiscal plan in its efforts to get Nigeria out of the recession it has landed itself. The...
The Presidency on Saturday told the Emir of Kano and former Central Bank Governor, Sanusi Lamido Sanusi, that he failed to get his facts right on...
What began on Friday as an innocuous lecture in Abuja has turned into a full blown battle between Godwin Emefiele, current Central Bank of Nigeria (CBN)...
Sanusi Lamido Sanusi, former Central Bank of Nigeria (CBN) governor, has described President Buhari’s plan to inject $30 billion into the nation’s economy by way of...
Even as many Nigerian homes can no longer afford rice due to its high price, the Central Bank of Nigeria (CBN) is confident Nigeria will begin...
A new controversy may be brewing within the financial circle as the Central Bank of Nigeria (CBN) has concluded plans to reverse the policy on funding...
Barely 48 hours after the Central Bank of Nigeria (CBN) announced it is retaining a high interest rate regime for the country, the Finance Ministry said...
The House of Representatives on Wednesday asked the Federal Government to stay action on the proposed concession of airports. The decision of the House was sequel...
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, at the MPC confirmed that there will be no downward review of the high...
After running an all-week negative trading sessions last week, the Nigerian equities market reopened on Monday with a bit of exhaustion as investors await the decision...
The Senate has expressed surprise at a recommendation by the Nigerian Law Reform Commission for a review of the Nigerian Foreign Exchange Act in order to...
The Nigerian National Petroleum Corporation (NNPC) may undertake a downward review of the pump price of petrol in its retail outlets across the country, THISDAY has...
Godwin Emeifele, Governor of the Central Bank of Nigeria, CBN, has charged the federal government to begin taxing callers who spend above three minutes as part...
Despite assurances from the Central Bank of Nigeria (CBN) on the financial stability Heritage Bank, members of the public, and its customers in particular, have remained...
Jolted by the imminent collapse of the manufacturing industry over scarcity of dollar in Nigeria, the Central Bank of Nigeria (CBN) has agreed to provide foreign...
For allegedly running fowl of the Central Bank of Nigeria’s (CBN) rules, one of the three banks said to be under its scrutiny, the Standard Chartered...
The Minister of Finance, Mrs Kemi Adeosun and the Governor of Central Bank of Nigeria, Godwin Emefiele, have incurred the wrath of members of the House...
The Federal Government has begun the process of wooing foreign airlines back to the country with the imminent release of $300 million out of the $600...
The monthly Manufacturing Purchasing Managers’ Index (PMI), of the real sector suffered a 14.5 per cent decline in the month of October 2016, according to the...
The blame game on why Nigeria’s local currency, the naira, has defied all measures aimed at shoring up its value against major currencies continues. The Central...
The Central Bank of Nigeria, on Monday, again warned Nigerians against patronising what it described as wonder banks. The CBN said they are fraudulent because their...
What looks like s fresh faceoff has resurfaced among top government functionaries on the best approach to an earlier end to Nigeria’s recession and the role...
Contrary to belief that it is only the oil and gas sector that has been putting the banking sector at high risk with non performing loans, it has now been...
Nigeria may just be on the verge of overcoming its economic recession, which has been occasioned by a scarcity of dollars, due to dwindling oil revenues...
In desperation to fight scarcity of dollars, Nigerian banks have placed indefinite suspension on depositors’ use of automated teller machine (ATM) card and online services in...
It seems that all attempts by the Central Bank of Nigeria (CBN) to shore up the country’s external reserves have failed as the reserves hit an all time low of $24.21bn in October from $25.8bn in September 2016, according to...
Airline operators in Nigeria can now heave a sigh of relief, especially, if the current move by the Minister of State (Aviation), Hadi Sirika in convincing...
The Central Bank of Nigeria (CBN) has thrown more light on why it suspended 19 banks from selling dollar realised from international money transfer services to Bureau De Change in Nigeria. Proceeds from cash transfer through licensed international agencies, like Western Union, Money Gram,...
