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On Wall Street, US stocks recovered from heavy losses earlier in the day sparked by fears about the trade war and the global economy Stock markets and currency exchanges endured mixed fortunes as concerns about the global economy continued to gather pace. Apart from the ongoing tensions between the US and China, which escalated earlier this week from trade…
August 8, 2019
The Central Bank of Nigeria (CBN), said more than one million smallholders farmers had access to finance through its Anchor Borrowers Programme. Emefiele said this while reeling out the policy road map for his second tenure of five years in Abuja on Monday. He explained that the bank made serious efforts to improve cultivation of…
June 24, 2019
The Federal Inland Revenue Service ((FIRS) generated N1.5 trillion revenue in the first quarter (Q1) of 2019, according to its Chairman, Mr Babatunde Fowler. Fowler disclosed this to the News Agency of Nigeria (NAN) in New York at the weekend. He said the amount included revenue from non-oil taxes that were 11 per cent higher…
May 18, 2019
Amid increase in the global oil prices to above $73 per barrel, the Nigerian external reserves under the care of the Central Bank of Nigeria (CBN), has increased to $44.787 billion as of April 25, 2019. At the close of last week trading activities on Friday, the foreign exchange buffer stood at $44.787 billion against…
April 29, 2019
The International Monetary Fund (IMF) has ranked Nigeria as the second worst country in the world in the use of sovereign wealth funds. According to the Fiscal Monitor report released on Wednesday, Qatar was the only country worse than Nigeria on the index. The Bretton Wood institution said the index was compiled using the corporate…
April 11, 2019
Innoson Nigeria Limited has said the court judgment it obtained to enforce its garnishee order would be executed on Guaranty Trust Bank (GTB) and not the Nigerian Customs Service. Cornel Osigwe, the Head of Corporate Communications of Innoson Group, said on Sunday in reaction to an earlier statement by GTB that the writ of FiFa…
April 1, 2019
Innoson Nigeria Limited has obtained a writ of Fifa from the Federal High Court in Awka, Anambra State, against Guaranty Trust Bank (GTB) to effect the judgment given by the Federal High Court in Ibadan and upheld by the Supreme Court of Nigeria. This was made known in a press release issued by Cornel Osigwe,…
March 29, 2019
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has cut down the benchmark lending rate from 14 per cent to 13.5 per cent to further promote economic growth. The Central Bank Governor, Mr Godwin Emefiele said this when he briefed newsmen in Abuja on Tuesday on the outcome of the 266th…
March 27, 2019
The Economic and Financial Crimes Commission (EFCC) is set to dock Tunde Ayeni, the former chairman of Skye Bank Plc, over alleged laundering of about N21 billion. He will face trial with a former Managing Director of Skye Bank, Timothy Ajani Oguntayo; Control Dredging Company and Royaltex Paramount Ventures Limited. The anti-graft agency on Friday…
March 2, 2019
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On Wall Street, US stocks recovered from heavy losses earlier in the day sparked by fears about the trade war and the global economy Stock markets and currency exchanges endured mixed fortunes as concerns about the global economy continued to gather pace. Apart from the ongoing tensions between the US and China, which escalated earlier this week from trade…
August 8, 2019
The Central Bank of Nigeria (CBN), said more than one million smallholders farmers had access to finance through its Anchor Borrowers Programme. Emefiele said this while reeling out the policy road map for his second tenure of five years in Abuja on Monday. He explained that the bank made serious efforts to improve cultivation of…
June 24, 2019
The Federal Inland Revenue Service ((FIRS) generated N1.5 trillion revenue in the first quarter (Q1) of 2019, according to its Chairman, Mr Babatunde Fowler. Fowler disclosed this to the News Agency of Nigeria (NAN) in New York at the weekend. He said the amount included revenue from non-oil taxes that were 11 per cent higher…
May 18, 2019
Amid increase in the global oil prices to above $73 per barrel, the Nigerian external reserves under the care of the Central Bank of Nigeria (CBN), has increased to $44.787 billion as of April 25, 2019. At the close of last week trading activities on Friday, the foreign exchange buffer stood at $44.787 billion against…
April 29, 2019
The International Monetary Fund (IMF) has ranked Nigeria as the second worst country in the world in the use of sovereign wealth funds. According to the Fiscal Monitor report released on Wednesday, Qatar was the only country worse than Nigeria on the index. The Bretton Wood institution said the index was compiled using the corporate…
April 11, 2019
Innoson Nigeria Limited has said the court judgment it obtained to enforce its garnishee order would be executed on Guaranty Trust Bank (GTB) and not the Nigerian Customs Service. Cornel Osigwe, the Head of Corporate Communications of Innoson Group, said on Sunday in reaction to an earlier statement by GTB that the writ of FiFa…
April 1, 2019
Innoson Nigeria Limited has obtained a writ of Fifa from the Federal High Court in Awka, Anambra State, against Guaranty Trust Bank (GTB) to effect the judgment given by the Federal High Court in Ibadan and upheld by the Supreme Court of Nigeria. This was made known in a press release issued by Cornel Osigwe,…
March 29, 2019
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has cut down the benchmark lending rate from 14 per cent to 13.5 per cent to further promote economic growth. The Central Bank Governor, Mr Godwin Emefiele said this when he briefed newsmen in Abuja on Tuesday on the outcome of the 266th…
March 27, 2019
The Economic and Financial Crimes Commission (EFCC) is set to dock Tunde Ayeni, the former chairman of Skye Bank Plc, over alleged laundering of about N21 billion. He will face trial with a former Managing Director of Skye Bank, Timothy Ajani Oguntayo; Control Dredging Company and Royaltex Paramount Ventures Limited. The anti-graft agency on Friday…
March 2, 2019
