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Barely a week to the lengthy Christmas vacation, Nigeria’s inflation has increased by 11.85 percent in November 2019, gaining 0.24 percent points higher than the rate recorded in October 2019 (11.61) percent. According to the National Bureau of Statistics (NBS) CPI for the month of November, increases were recorded in all subsets of the consumer…
December 17, 2019
The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year. Dr Hassan Mahmoud, the Deputy Director, Financial Policy and Regulation Department in CBN, said this in Yola at the 2019 workshop for financial journalists sponsored by the Nigeria Deposit Insurance…
December 10, 2019
The National Pension Commission (PenCom) on Thursday disclosed that the number of registered contributors under the Contributory Pension Scheme (CPS) stood at 8.85 million while Pension Fund Assets (PFAs) was N9.58 trillion as at September 2019. Director-General of PenCom, Aisha Dahir-Umar made the disclosure at the 2019 Journalists Workshop, with the theme, ‘Expanding Coverage of…
November 29, 2019
President Muhammadu Buhari has appointed Sarah Alade as Special Adviser to the President on Finance and the Economy. The office is domiciled in the Ministry of Finance, Budget and National Planning, a statement by presidential spokesperson, Garba Shehu, said on Tuesday. Mrs Alade, who holds BSc (Economics) and PhD in Management Science (Operations Research), retired…
November 5, 2019
... Jim Ovia Loses About $64m Global and domestic concerns are mounting following reports that Nigerian businessman, Mr Jim Ovia has lost about to $64 million in paper net worth over the last 6 months as the stock price of Zenith Bank, the tier-one Nigerian commercial bank where he is the largest shareholder, shed 33% in value…
September 28, 2019
The Central Bank of Nigeria and Financial Reporting Council of Nigeria sanctioned four commercial banks between January and June for various infractions, our correspondent has learnt. It was learnt that the apex bank imposed a number of sanctions on the banks for failure to comply with its Know-Your-Customers guidelines and in the anti-money laundering requirement.…
September 24, 2019
Nigeria’s federally collected revenue (gross) stood at N931.93 billion in July, representing a 22.6 per cent increase compared with the N760.08 billion recorded in June, the Central Bank of Nigeria (CBN) has revealed. However, the amount realised in the month under review, was lower than the provisional monthly budget estimate of N1.107 trillion by 15.8…
September 9, 2019
Consumer Awareness and Financial Enlightenment Initiative (CAFEi), has urged the Central Bank of Nigeria (CBN) to extend deadline for the exchange of multilated naira notes by another four months. Otunba ‘Debola Osibogun, CAFEi President, said in Lagos on Sunday that extension of the deadline would give room for more people to key into the intiative.…
September 2, 2019
Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2019 to the Nigerian and London Stock Exchanges. The half year result shows positive growth across key financial metrics and reflects GTBank’s leading position as one of the best managed financial institutions in Africa. The Bank reported a…
August 17, 2019
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Barely a week to the lengthy Christmas vacation, Nigeria’s inflation has increased by 11.85 percent in November 2019, gaining 0.24 percent points higher than the rate recorded in October 2019 (11.61) percent. According to the National Bureau of Statistics (NBS) CPI for the month of November, increases were recorded in all subsets of the consumer…
December 17, 2019
The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year. Dr Hassan Mahmoud, the Deputy Director, Financial Policy and Regulation Department in CBN, said this in Yola at the 2019 workshop for financial journalists sponsored by the Nigeria Deposit Insurance…
December 10, 2019
The National Pension Commission (PenCom) on Thursday disclosed that the number of registered contributors under the Contributory Pension Scheme (CPS) stood at 8.85 million while Pension Fund Assets (PFAs) was N9.58 trillion as at September 2019. Director-General of PenCom, Aisha Dahir-Umar made the disclosure at the 2019 Journalists Workshop, with the theme, ‘Expanding Coverage of…
November 29, 2019
President Muhammadu Buhari has appointed Sarah Alade as Special Adviser to the President on Finance and the Economy. The office is domiciled in the Ministry of Finance, Budget and National Planning, a statement by presidential spokesperson, Garba Shehu, said on Tuesday. Mrs Alade, who holds BSc (Economics) and PhD in Management Science (Operations Research), retired…
November 5, 2019
... Jim Ovia Loses About $64m Global and domestic concerns are mounting following reports that Nigerian businessman, Mr Jim Ovia has lost about to $64 million in paper net worth over the last 6 months as the stock price of Zenith Bank, the tier-one Nigerian commercial bank where he is the largest shareholder, shed 33% in value…
September 28, 2019
The Central Bank of Nigeria and Financial Reporting Council of Nigeria sanctioned four commercial banks between January and June for various infractions, our correspondent has learnt. It was learnt that the apex bank imposed a number of sanctions on the banks for failure to comply with its Know-Your-Customers guidelines and in the anti-money laundering requirement.…
September 24, 2019
Nigeria’s federally collected revenue (gross) stood at N931.93 billion in July, representing a 22.6 per cent increase compared with the N760.08 billion recorded in June, the Central Bank of Nigeria (CBN) has revealed. However, the amount realised in the month under review, was lower than the provisional monthly budget estimate of N1.107 trillion by 15.8…
September 9, 2019
Consumer Awareness and Financial Enlightenment Initiative (CAFEi), has urged the Central Bank of Nigeria (CBN) to extend deadline for the exchange of multilated naira notes by another four months. Otunba ‘Debola Osibogun, CAFEi President, said in Lagos on Sunday that extension of the deadline would give room for more people to key into the intiative.…
September 2, 2019
Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2019 to the Nigerian and London Stock Exchanges. The half year result shows positive growth across key financial metrics and reflects GTBank’s leading position as one of the best managed financial institutions in Africa. The Bank reported a…
August 17, 2019
