CBN’s new flexible forex policy
The Central Bank of Nigeria reintroduces the Flexible Exchange Rate Inter-bank Market as part of measures to make the foreign…
Dangote and the wrangling for dollars
In the midst of Nigeria’s foreign currency squeeze, one person stands out in the scramble to obtain hard currency —…
BoI records N44.7 billion profit-after-tax
The Bank of Industry (BoI) disbursed a total of N83.5 billion to 776 enterprises in 2015. These interventions also helped…
NDIC’s push for the return of Nigeria Savings Bank
The Nigeria Deposit Insurance Corporation (NDIC) is clamouring for the re-establishment of the Nigeria Savings Bank. Managing Director/Chief Executive of…
The thrust of Nigeria’s new debt Management strategy
Dr Abraham Nwankwo, Director General of the Debt Management Office (DMO), unveils the new three-year debt management strategy approved by…
Eurobond to the rescue
The Federal Government will be heading to the international capital market to issue $1 billion Eurobond in the third quarter…
New wave of job losses in the banking sector
Despite the Federal Government’s effort to halt the ongoing job losses in the banking sector, there are indications that the…
Recession at the door
Experts caution that the Nigerian economy may be heading to recession, but Mrs Kemi Adeosun, Minister of Finance is optimistic…
Implications of non-payment of workers’ salaries
Wilson Onomolease, head, Nigeria Labour Congress (NLC) sub-secretariat, Lagos has an interesting take on the effect of unpaid workers’ wages…
Unpaid Salaries: States with clean bill of health
That Lagos and Rivers states do not owe salaries is not surprising to many given their buoyant economies, whose outputs…