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Economy
1085 posts
CBN discontinues price verification system
By Stanley Onyeka, Lagos The Central Bank of Nigeria (CBN) yesterday, said it plans to discontinue the foreign…
Nigeria needs N348trn to bridge infrastructure gap: ICRC DG
Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Michael Ohiani, says Nigeria needs N348 trillion to address its…
Recapitalisation’ll create stronger, more resilient banks, support economic growth, says Cardoso
By Tochukwu Bliss, Abuja The Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the Bank will…
Explainer: What are the Fed’s bank ‘stress tests’ and what’s new this year?
The U.S. Federal Reserve is due to release the results of its annual bank health checks on Wednesday…
U.S. govt. awards $26.6m grants to 33 Nigerian companies
The United States Agency for International Development (USAID), says it has awarded $26.6 million in co-investment grants to…
AfDB, InfraCredit sign $15m agreement to enhance infrastructure financing
The African Development Bank (AFDB), and Infrastructure Credit Guarantee Company Limited (InfraCredit), have signed an agreement for a…
Nigeria boosts foreign reserves with $5m from first gold sales
Nigeria has strengthened its foreign reserves with $5 million from the first commercial transaction under the National Gold…
Monthly inflation slows amid CBN policy tightening
The Central Bank of Nigeria’s (CBN), has said its monetary policy tightening measures enacted this year are having…
FG to sanction civil servants who relocated abroad and continue receiving salaries
President Bola Tinubu has directed that all civil servants drawing salaries from the government after relocating abroad should…
CBN, NESG, OPS dialogue on boosting economy
The Central Bank of Nigeria (CBN) has hosted a dialogue between the Organised Private Sector (OPS) and the…