NIPC moves to improve FDIs, reduce Nigeria’s appetite for loans
As Nigeria’s debt profile continues to rise, the Nigerian Investment Promotion Council (NIPC) has initiated steps to curtail future borrowings…
NECA predicts business shutdown over naira crisis
Nigeria Employers’ Consultative Association has predicted shutdown of small businesses if the lingering naira crisis persists. The Director-General, NECA, Mr…
Mineral titles fall 37% as insecurity threatens sector
The total number of mineral titles issued to mining companies has dropped by 36.63 per cent within a period of…
OPS clamours measures to tackle scarcity of redesigned Naira notes
Some segments of the organised private sector (OPS) and stakeholders in the commercial space have called for urgent measures to…
CBN intercepts N6m new notes hoarded in Ekiti bank
The Central Bank of Nigeria (CBN), on Sunday found N6 million new notes hoarded by a branch of a new…
IG orders arrest, prosecution of naira notes racketeers
The Inspector-General of Police, Usman Baba, has ordered the arrest and subsequent prosecution of all individuals engaged in the sale…
Scarcity of redesigned naira notes: Some banks inefficient, greedy —Buhari
President Muhammadu Buhari on Friday, in Abuja, expressed doubts about the commitment of banks, in particular, to the success of…
Finance Minister faults Moody’s downgrade of Nigeria’s credit rating
Nigeria’s Minister of Finance Budget and National Planning Zainab Ahmed said yesterday she disagreed with what she called a “surprise”…
Nigeria, Egypt sign MoU to promote trade
The Federal Competition and Consumer Protection Commission and the Egyptian Competition Authority on Thursday signed a Memorandum of Understanding to…
Nigeria’s External reserves fell by $64m in January
External reserves fell by $63.62m in January, figures obtained from the Central Bank of Nigeria (CBN) have revealed. The CBN…