MAN, LCCI fault CBN’s raising of interest rate to 13%
The Manufacturers Association of Nigeria (MAN), the Lagos Chamber of Commerce and Industry (LCCI), and the Nigerian-American Chamber of Commerce,…
CBN raises interest rate to 13%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to raise the Monetary Policy…
FG appoints Nwabuoku as acting Accountant General
The Federal Government has appointed Mr Anamekwe Nwabuoku as the acting Accountant General of the Federation. Nwabuoku’s appointment was conveyed…
Bank size won’t matter in new centralised finance, says Sarah Alade
The size of banks may not be a competitive advantage in the new phase of centralised finance, Special Adviser to…
Finance Minister ranks insurance contribution to GDP low
The Minister of Finance, Budget and Planning, Zainab Ahmed, has urged insurance operators to address the low contribution of the…
No plan to phase out Naira circulation, says CBN
The Central Bank of Nigeria (CBN) has debunked reports that it planned to phase out the circulation of the conventional…
Stock market records further losses, down 0.35%
Trading on the Nigerian Exchange Ltd. (NGX) on Tuesday, again closed on a negative note with a loss of 0.35…
Afreximbank, African oil producers seal deal to float energy bank
Africa’s multilateral trade finance institution, the African Export-Import Bank (Afreximbank), has signed a deal with the African Petroleum Producers Organisation…
FG extends money laundering law to casinos, others, bans shell accounts
The Federal Government has introduced stricter regulations in the operation of casinos in Nigeria, as part of its fresh move…
SON partners NCDMB on quality, scope of local content in oil, gas industry
The Standards Organisation of Nigeria (SON) and the Nigerian Content Development and Monitoring Board (NCDMB) have committed to a marked…