News
-
CBN is still short of the amount needed to clear forex backlog – Fitch Ratings
Credit ratings agency Fitch stated on Thursday that the CBN continues to face a shortage of foreign exchange to clear the…
Read More » -
MTN Nigeria’s ballooning debt is disturbing
MTN Nigeria Communications Plc, a prominent player in the nation’s telecommunications sector, has etched its mark since its establishment in…
Read More » -
2024 Economic Outlook: Bismark Rewane Harps on Sequential Policy Reforms for Nigeria’s Economic Stability
Nigeria’s fiscal and monetary policy reforms must be sequenced to achieve economic stability in 2024 and beyond. This will require…
Read More » -
With Naira Sinking, Nigeria in Talks for Up to $1.5 Billion of Aid
Nigeria may also issue eurobond in late 2024: finance minister Country’s economic reforms deserve support, Wale Edun says Nigeria is…
Read More » -
N’Assembly raises works ministry budget to over N1tn
The National Assembly has raised budgetary allocation to the Ministry of Works from N657.3bn in the proposed budget to N1.03tn.…
Read More » -
Access Holdings Plc Obtains CBN’s Approval-in-Principle to Establish a Consumer Lending Subsidiary
Access Holdings Plc is pleased to inform that it has obtained the Central Bank of Nigeria’s approval-in-principle to establish a…
Read More » -
CBN Tackles FX Transactions Abuses in Clearing Liabilities Backlog
to continue settlement of verified FX backlog The Central Bank of Nigeria (CBN), in its bid to clear the backlog…
Read More » -
GCR Places Union Bank of Nigeria Plc on Ratings Watch Negative
Rating action GCR Ratings (GCR) has placed Union Bank of Nigeria Plc on Rating Watch Negative following the dissolution of…
Read More » -
Nigeria’s 2023 Inflation Hits 28.92%N
By global standards, Nigeria’s inflation rate is an economic wrecking ball. While Europe and the United States of America (USA)…
Read More » -
US to return $8.9m looted under Jonathan to Nigeria16th January 2024
A Royal Court in Jersey, United States, has reportedly ruled that stolen assets worth £6.9m ($8.9m) be repatriated to Nigeria.…
Read More »