Panel kicks as finance minister, others shun budget performance sitting
The Minister of Finance, Zainab Ahmed, the Director General of Budget Office, Ben Akabueze and the Accountant General of Federation…
Bureau de Change operators seek approval for electronic FX trading
The Association of Bureaux De Change Operators of Nigeria (ABCON) has appealed to the Central Bank of Nigeria (CBN) to…
FG bonds oversubscribed by 215bn
The Federal Government’s bonds for the month of September worth N145bn which were auctioned on Wednesday, were oversubscribed by N215.22bn,…
CBN reduces benchmark lending rate to 11.5%
The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate by 100 basis points from 12.5 per cent…
CBN decries speculation as naira plunges, exchanges for 465/$
Naira continued its freefall exchanging for N465 to a dollar as declining export receipts from oil and speculative activities of…
Life annuity funds rise to N463.1bn, says NAICOM
Life annuity funds managed by life insurance companies rose to N463.1bn as of the end of the second quarter of…
Foreign reserves rise to $35.81bn
The country’s foreign reserves rose by $140.9m from $35.67bn as of September 1 to $35.81bn as of September 17, the…
FG apologises, withdraws re-registration order
The Federal Government has apologised to all account holders in financial institutions for asking them to register their details again,…
Statutory revenue sheds N11.96bn as FAAC shares N682.1bn
The Federation Accounts Allocation Committee has shared a total of N682.06bn August 2020 federation account revenue to the federal, states…
Greenwich Merchant Bank gets licence to operate
Greenwich Trust Limited has been granted a licence to operate as a merchant bank in the country by the Central…