Yellen backs US nominee for World Bank top job
U.S. Treasury Secretary, Janet Yellen, has said that she believes the strong qualifications of the U.S. nominee to lead the…
Only 24% of CBN Anchor Borrowers’ loans repaid – IMF
The International Monetary Fund (IMF) has disclosed that only 24 per cent of loans disbursed under the Anchor Borrowers’ Programme…
Forex inflows into Nigeria’s economy drop by 40% to $26bn
Foreign exchange in flows into Nigeria’s economy fell year-on-year (YoY) by 40 percent to $26.32 billion in the first 11…
CBN appoints Abdulmumin as new spokesman
The Central Bank of Nigeria (CBN) has appointed Isa Abdulmumin as the Acting Director of Corporate Communications Department of the…
MAN frets over excessive taxation in manufacturing sector
The Manufacturers Association of Nigeria (MAN) has once again bemoaned the excessive taxation on businesses in the country, saying it…
FAAC allocation drops by N240bn to N750bn for January
The Federation Account Allocation Committee (FAAC) has shared the of sum of N750.174 billion to the three tiers of government,…
IMF questions Nigeria’s high tax expenditure, VAT collection efficiency
The International Monetary Fund (IMF) has raised concerns about Nigeria’s huge tax expenditure, estimated at four per cent of the…
CBN leaves portal open as Nigerians continue depositing old notes in banks
Nigerians in possession of the old N500 and N1,000 notes trooped out to their banks on Monday to deposit the…
Nigeria’s currency redesign is a bad case study –PwC
The current trend of economic hardship occasioned by the scarcity of the redesigned naira notes could further worsen as hopes…
Nigeria’s external reserves fall by $427m in one month – CBN
The country’s external reserves fell by $427.14m in one month, figures obtained from the Central Bank of Nigeria (CBN) revealed…