News
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No Respite for Inflation as Floods Limit Food Supply
The recent heaving flooding across most parts of Nigeria remains a critical factor that will drive food inflation numbers for…
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Zainab Ahmed: Falling oil revenue, petrol subsidy affecting full implementation of 2022 budget
Zainab Ahmed, minister of finance, budget and national planning, says oil revenue shortfall and petrol subsidy deductions are challenging the…
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Moody’s Downgrades the Long-term Ratings of Nine Nigerian Banks to B3 from B2, Places Ratings on Review for Further Downgrade
Rating action follows the downgrade of the sovereign rating to B3 from B2, and the placement of the government rating…
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Oil steadies amid fears over Chinese demand, record U.S. exports
Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. REUTERS/Benoit Tessier Summary Dollar…
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Cooking gas price increases by 61%
· The price of 12.5kg of cooking gas rose by 61 per cent to N9,906 in September 2022 from…
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CBN Issues Exposure Draft of the Guidelines for Contactless Payments in Nigeria
The Central Bank of Nigeria, in furtherance of its efforts to standardise operations in the payments system, while encouraging the…
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Nigeria’s Dangote Refinery Will Transform our Downstream Sector, Says Ghana Petroleum Authority
Chief Executive Officer, of the National Petroleum Authority (NPA) of Ghana, Mustapha Abdul-Hamid, said the coming onstream of 650,000 barrels-per-day…
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CBN okays dollar sales by Payment Service Banks
The Central of Nigeria (CBN) has released supervisory framework for Payment Service Banks. The framework among other things empowered the…
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Questionable Sale of Polaris Bank
The order- of -magnitude apportioned by Maya Angelou ,a poet and activist , to courage as a virtue is legendary…
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CBN Announces Completion of Sales of Shares in Polaris Bank to Strategic Capital Investment Ltd as New Core Investor
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) are pleased to announce the completion…
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