Business

EUROPEAN UNION TO LAUNCH THIRTY MILLION EURO ENERGY INVESTMENT FUND IN NIGERIA

The European Union says it will launch a 30 million Euro sustainable energy investment fund in Nigeria.

Also posted in Economy, National News, News

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CENTRAL BANK BOOSTS FOREIGN EXCHANGE MARKET WITH 210 MILLION DOLLARS

The Central Bank of Nigeria has injected 210 million naira into the inter-bank Foreign Exchange Market.

Also posted in Economy, National News, News

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NIGERIAN AVIATION AUTHORITY TO SANCTION TELECOMS OPERATORS OVER DEBT

The Nigerian Civil Aviation Authority has said the agency will sanction telecoms operators who failed to pay their debt to it.

Also posted in National News, News

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FEDERAL GOVERNMENT TO CONSIDER REDUCTION IN CRUDE OIL OUTPUT

President Muhammadu Buhari has said that Nigeria could consider a reduction in crude oil production in support of efforts to shore up the price of the commodity.

Also posted in Economy, National News, News

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UNITED STATES FILES CHARGES AGAINST CHINESE SMARTPHONE MAKER HUAWEI

The United States Justice Department has filed a host of criminal charges against Chinese telecoms giant Huawei and its chief financial officer, Meng Wanzhou.

Also posted in Foreign News, Telecommunications, World News

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CENTRAL BANK TO FINE DEPOSIT MONEY BANKS FOR PAYING COUNTERFEIT BANKNOTES

The Central Bank of Nigeria has imposed a penal fee of 1 million naira on each branch of Deposit Money Banks for non-compliance with its ‘Banknote fitness guidelines and clean note policy documents for the industry.’

Also posted in Economy, National News, News

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FEDERAL GOVERNMENT TO REDUCE ISSUANCE OF SHORT- TERM DOMESTIC DEBT INSTRUMENTS

The Federal Government plans to rebalance the domestic component of its public debt portfolio in 2019 in order to achieve longer maturity for at least 75 percent of its domestic debt portfolio.

Also posted in National News, News

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FEDERAL GOVERNMENT DECRIES 984 MILLION DOLLARS SPENT ON FISH IMPORTATION

The Federal Government has decried a whopping 984 million dollars spent on importation of fish annually.

Also posted in Economy, National News, News

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LAWMAKERS APPROVE PRESIDENT’S LOAN REQUEST TO REFINANCE EUROBOND

The Central Bank of Nigeria has increased the capital requirements for microfinance banks in the country in a bid to tackle the challenge of the inadequate capital base in the sub- sector. The apex bank announced the upward review of the minimum capital requirement in a circular dated October 22, 2018, to all microfinance banks […]


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EXPERTS LAMENT DETERIORATION IN NIGERIA’S DEBT SUSTAINABILITY MEASURES

Nigeria’s huge debt profile at 22.3 trillion naira is now assuming more disproportionate weight against the country’s growth and development, a situation that will likely dispose of the nation to perpetual borrowing. Financial experts, however, have said the only solution that is practical, with improved governance, is the urgent implementation of policies that will grow […]

Also posted in National News, News

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