Nigeria’s external reserves loses $313m as oil price fluctuates
Nigeria’s external reserves fell by $313m in March, according to figures obtained from the Central Bank of Nigeria on Thursday.…
UN warns of global food crisis as wheat prices skyrocket in Nigeria
The United Nations food chief has warned that the war in Ukraine has created “a catastrophe on top of a…
Senate demands downward pay-TV tariff review, orders hike probe
The President of the Senate, Ahmad Lawan, on Wednesday, constituted a seven-man ad hoc committee to investigate the hike in…
AMCON recovers N1tr from debtors
The Asset Management Corporation of Nigeria (AMCON) has recovered over N1 trillion from debtors. The Managing Director of AMCON, Ahmed…
CBN sets N10bn minimum requirement for credit guarantee companies
The Central Bank of Nigeria (CBN) has announced a minimum share capital of N10 billion, a non-refundable application fee of…
Nigeria’s infrastructure funding deficit to hit $100b
Nigeria’s infrastructure funding deficit will grow to $100 billion in the next five years, the Infrastructure Concession Regulatory Commission (ICRC),…
NAICOM sustains drive to meet growth target as insurers grow assets by N1.17tn
The National Insurance Commission (NAICOM) is relentless in its efforts to achieve its target for insurance operators in the country…
SEC laments high number of unclaimed dividends
The Securities and Exchange Commission (SEC) has lamented the high number of unclaimed dividends in the capital market. A statement…
BDCs seek return to mainstream FX business as naira nears N600/$
Eight months after the Central Bank of Nigeria (CBN) stopped funding Bureaux de Change (BDCs) operations, the Association of Bureaux…
FG’s borrowing from CBN rises by 96.54%, hits N18.16tn
The Federal Government’s total borrowing from the Central Bank of Nigeria (CBN) through Ways and Means Advances has risen by…