NIRSAL Micro Finance Bank has debunked the claims that it shut out about 100,000 loan applications in Anambra state. The Micro Finance Bank made this known in a statement made available to journalists in Abuja on Sunday. The statement reads,…
By Olaleye Aanuoluwapo, Abuja Weeks the Central Bank of Nigeria (CBN) suspended Foreign Exchange (FX) sales to Bureau De Change (BDC) operators for allegedly facilitating money laundering and other infractions, the Naira has depreciated significantly against the Dollar at the…
By Matthew Denis, Abuja The President of National Association of Microfinance Banks (NAMB), Alhaji Yusuf Ahmed Gyallesu has debunked the allegations that some of their members are engaging in the foreign exchange (FX) operations for clients. Nigerian NewsDirect gathered from a…
The Federation Accounts Allocation Committee (FAAC) has shared N760.717 billion as federation allocation for the month of July. This is contained in a statement by, The Deputy Director (Information), Ministry of Finance, Budget and National Planning, Mr Oshundun Olajide in…
The Federal Ministry of Communications and Digital Economy said its has generated N1,054trillion naira revenue and executed 1,667 Information and Communications Technology(ICT) projects across Nigeria in the last two years. Minister of Communications and Digital Economy, Dr Isa Pantami, disclosed…
By Moses Adeniyi The Lagos State Government (LASG) has reiterated its resolve to attract the attention of Youth engagement in Agriculture, as it calls on investors to turn to taking full advantage of measures by the Government to improve rice…
National Assembly has said that there was a hole in Federal finances as unsubstantiated balances amounting to N4.97trillion was observed by the Office of the Auditor-General for the Federation in the audit carried out on the consolidated financial statement of…
Bakers in Lagos State have again called on the Federal Government to intervene on what they describe as “unnecessary and unjustifiable” increase in the price of inputs for baking. Following a stakeholders meeting held in Lagos, the stakeholders under the…
The Consumer Price Index which measures inflation increased by 17.38% (year-on-year) in July 2021. This is 0.37% lower than the rate recorded in June 2021 (17.75%). The National Bureau of Statistics disclosed this in its Consumer Price Index report for…
A group of analysts at EFG Hermes have expressed that the country’s foreign reserve has been projected to surpass the $40 billion threshold by September 2021, following the $3.35 billion direct allocations approved by the International Monetary Fund (IMF). Nigeria…
