The Central Bank of Nigeria (CBN) on Thursday declared that the financial and manufacturing sectors caused the jump in Nigeria capital outflow. This was disclosed by the Apex bank in its recently released monthly economic report for October 2021. The…
Nigerian stocks hit a 13-year high on Thursday after stocks expe-rienced 3 straight days of solid gains rallying the All-Share Index past 45,000 points for the first time since 2008. At the time of closing on Thursday, the All-Share Index…
Federal Government of Nigeria on Thursday reported bond issuance for the month of January 2021, by the Debt Management Office (DMO) recorded an oversubscription of N139 billion to stand at N214.1 billion despite only seeking to raise N75 billion its…
Naira has fallen to a record low at the peer-to-peer (P2P) parallel market to trade for as high as N581.1 to a dollar. This is according to observations by analysts on P2P exchange applications. At N581.4/$1 it represents a 0.8%…
Getting rewarded for spending money is a dream that is probably going to remain exciting for many people, but not for the Firstmonie Wallet users. In a two-month Transact and Win campaign that started on November 22, 2021, First Bank…
Ms Funmi Folorunsho, African Continental Free Trade Agreement (AfCFTA) Co-champion on Transportation, says trade negotiation is ongoing between Nigeria and other African countries on trade opportunities in the transportation sector. Folorunsho made this known in an interview on Tuesday in…
Stakeholders in business on Tuesday urged the Federal Government to fix infrastructure to enable Small and Medium Enterprises (SMEs) thrive and grow the economy faster. They gave the advice at the 8th National Economic Outlook on the Implications for Businesses…
Mr Arlat Dashe, Chairman of Plateau State Internal Revenue Service, has called on Ministries, Departments and Agencies (MDAs) to assist in reconciling tax remittances. Dashe made this call on Tuesday in Jos during the stakeholder engagement meeting with the Management…
The Central Bank of Nigeria (CBN) has stated that the attractiveness of securities in the international financial market, particularly in the United States, has harmed foreign capital inflow to the Nigerian economy. This was disclosed by the apex bank in…
The Federal Government has cautioned Nigerians to beware of the activities of fraudsters claiming to be disbursing Micro, Small and Medium Enterprises (MSME) Survival Fund of 80, 000 naira. A statement issued on Monday by Mr Tola Johnson, Coordinator, Project…
