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30 Sep, 2015

As the nation awaits President Muhammadu Buhari’s ministerial list, the President on Tuesday said he would head the Ministry of Petroleum Resources.

Buhari dropped the hint...

29 Sep, 2015

The Nigerian Insurance industry recorded a year on year growth of over 18%, and a figure of 17% compounded average growth (CAGR) between 2007 and 2013. In...

29 Sep, 2015

Energy-exporting countries, including Nigeria, could see about 2.25 per cent loss in economic growth annually from 2015 to 2017, compared to 2012 to 2014, due to...

29 Sep, 2015

The Federal Government, in a bid to attain robust external reserves, is planning to increase the amount in the Excess Crude Account from the current balance of...

23 Sep, 2015

Nigeria's distributable revenues to the three tiers of government fell in August to 442.606 billion naira, down 69.193 billion naira from July, the finance ministry said on Tuesday.

23 Sep, 2015

Concerned by the seeming shortage of cash in the banking system as well as the fragile macroeconomic environment, the Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) on...

23 Sep, 2015

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that the country’s economy could slip into recession by next year if...

22 Sep, 2015

The Director-General, Debt Management Office, Dr. Abraham Nwankwo, on Monday said the decline in the prices of crude oil was a permanent phenomenon.

Nwankwo said this in a paper...

22 Sep, 2015

The Nigerian Interbank Offer Rate hit 15 per cent on Monday as banks continue to record liquidity on the back of the recent commencement of the Treasury Single...

21 Sep, 2015

The Nigeria Sovereign Investment Authority has said all funds and assets managed by it are intact and fully accounted for as detailed in its audited financial statement for the year ended...

21 Sep, 2015

Standard and Poor’s Ratings Services  affirmation of Nigeria’s long- and short-term foreign and local currency sovereign credit ratings at ‘B+’, on Friday is a...

21 Sep, 2015

The implementation of the Treasury Single Account for ministries, departments and agencies has commenced and the guidelines to further strengthen the process are currently being reviewed, the...

17 Sep, 2015

President Muhammadu Buhari has said he is opposed to a weakening of the naira and endorsed the Central Bank of Nigeria’s (CBN) policy of restricting foreign exchange trading.

17 Sep, 2015

Oil edged further above $46 a barrel earlier in the week, supported by the prospect of lower U.S. inventories and production although concern about weaker Asian...

09 Sep, 2015

JPMorgan Chase & Co. has excluded Nigeria from its local-currency emerging-market bond indexes tracked by more than $200 billion of funds, after restrictions...

09 Sep, 2015

In a rare joint reaction to the decision by US investment bank, JP Morgan to phase out Federal Government of Nigeria (FGN) Bonds from its Government Bond Index for Emerging Markets (GBI-EM)...

08 Sep, 2015

President Muhammadu Buhari has given September 15 as the deadline for all federal ministries and agencies to comply with the Treasury Single Account (TSA)...

04 Sep, 2015

Nigeria and India volume of trade has risen to N70 billion, with renewed interest in agriculture, Small Medium Enterprises, SMEs development and medicine.
...

03 Sep, 2015

Vice President Yemi Osinbajo declared yesterday that the new economic blueprint of Muhammadu Buhari led administration would create over one million new jobs for...

26 Aug, 2015

Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, Mr. Elias Bam, disclosed yesterday that the Commission had started the process of trimming down the pay packages...