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Two years after it commenced the full implementation of the Treasury Single Account (TSA), in its ministries, Departments and Agencies (MDAs), the Federal Government yesterday declared it was yet to audit remittances made to the account with the Central Bank of Nigeria from the TSA. This by implication means that the government does not even…
August 17, 2017
The value of the naira went in different directions at the Investors and Exporters window of the official and parallel market last week as tension between North Korea and the United States impacted the value of the dollar at the international foreign exchange market. Tension between the two countries have over the past weeks heightened…
August 14, 2017
Olamilekan Okeowo with Agency report Zenith International Bank Plc has declared a profit after tax of N75.32 billion for the half year ended June 30. This is available in the company’s half year result released by the Nigerian Stock Exchange (NSE) on Thursday. The report showed that the profit-after-tax increased by 112.35 per cent when…
August 10, 2017
The Central Bank of Nigeria (CBN) has disclosed that a sum of N57.35 billion ($187.7million) was spent by the federal government on debt services/payments between January and June of 2017. The data by CBN however, did not specifically mention if the debt services/payment were used to service treasury bills, bond and eurobond. The breakdown revealed…
August 7, 2017
The monetary policy committee of the Central Bank of Nigeria (CBN) has retained MPR at 14 percent and all other parameters at their current levels. The CBN Governor, Mr Godwin Emefiele, who addressed the press after the meeting on Tuesday, hinged the bank’s decision on the need to halt inflation while also supporting growth. The…
July 25, 2017
We Didn’t Conceal TSA Fund—Fidelity Bank No Hidden NAPIMS And NNPC Funds In Sterling Bank The Federal High Court in Lagos on Thursday ordered seven banks in the country to temporarily remit a total of $793,200,000 allegedly hidden with them contrary to the Federal Government’s Treasury Single Account (TSA) policy. Justice Chuka Obiozor order came…
July 21, 2017
The Minister of Finance, Mrs Kemi Adeosun, on Monday, said that only three million out of 180 million Nigerians possessed insurance policies to protect themselves from uncertainties. Adeosun, who made the disclosure at the ongoing 2017 National Insurance Conference in Abuja, noted that insurance was playing critical roles in the economy. The theme of the…
July 10, 2017
 The Inside Details Of N40BN, TANGO Towers Deals  Investigators, New BOI Team Ferret Dozens Of Documents (PART 1) By The New Diplomat Economic Intelligence Desk Fresh revelations have emerged as to how two former Managing Directors of the Bank of Industry (BOI) allegedly stripped the Bank of vital public assets belonging to the bank. Those…
July 3, 2017
Also Resigned From UBA Amidst Fraudulent Allegations Belo-Osagie Named In Panama Papers By 'Dotun Akintomide With Etisalat Nigeria enmeshed in $1.2bn debt crisis allegedly blamed on financial recklessness of the company's board, the resignation of its Billionaire Chairman, Hakeem Belo-Osagie, yesterday (Friday) was already cast in stone, but The New Diplomat's findings show this will not be…
July 1, 2017
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Two years after it commenced the full implementation of the Treasury Single Account (TSA), in its ministries, Departments and Agencies (MDAs), the Federal Government yesterday declared it was yet to audit remittances made to the account with the Central Bank of Nigeria from the TSA. This by implication means that the government does not even…
August 17, 2017
The value of the naira went in different directions at the Investors and Exporters window of the official and parallel market last week as tension between North Korea and the United States impacted the value of the dollar at the international foreign exchange market. Tension between the two countries have over the past weeks heightened…
August 14, 2017
Olamilekan Okeowo with Agency report Zenith International Bank Plc has declared a profit after tax of N75.32 billion for the half year ended June 30. This is available in the company’s half year result released by the Nigerian Stock Exchange (NSE) on Thursday. The report showed that the profit-after-tax increased by 112.35 per cent when…
August 10, 2017
The Central Bank of Nigeria (CBN) has disclosed that a sum of N57.35 billion ($187.7million) was spent by the federal government on debt services/payments between January and June of 2017. The data by CBN however, did not specifically mention if the debt services/payment were used to service treasury bills, bond and eurobond. The breakdown revealed…
August 7, 2017
The monetary policy committee of the Central Bank of Nigeria (CBN) has retained MPR at 14 percent and all other parameters at their current levels. The CBN Governor, Mr Godwin Emefiele, who addressed the press after the meeting on Tuesday, hinged the bank’s decision on the need to halt inflation while also supporting growth. The…
July 25, 2017
We Didn’t Conceal TSA Fund—Fidelity Bank No Hidden NAPIMS And NNPC Funds In Sterling Bank The Federal High Court in Lagos on Thursday ordered seven banks in the country to temporarily remit a total of $793,200,000 allegedly hidden with them contrary to the Federal Government’s Treasury Single Account (TSA) policy. Justice Chuka Obiozor order came…
July 21, 2017
The Minister of Finance, Mrs Kemi Adeosun, on Monday, said that only three million out of 180 million Nigerians possessed insurance policies to protect themselves from uncertainties. Adeosun, who made the disclosure at the ongoing 2017 National Insurance Conference in Abuja, noted that insurance was playing critical roles in the economy. The theme of the…
July 10, 2017
 The Inside Details Of N40BN, TANGO Towers Deals  Investigators, New BOI Team Ferret Dozens Of Documents (PART 1) By The New Diplomat Economic Intelligence Desk Fresh revelations have emerged as to how two former Managing Directors of the Bank of Industry (BOI) allegedly stripped the Bank of vital public assets belonging to the bank. Those…
July 3, 2017
Also Resigned From UBA Amidst Fraudulent Allegations Belo-Osagie Named In Panama Papers By 'Dotun Akintomide With Etisalat Nigeria enmeshed in $1.2bn debt crisis allegedly blamed on financial recklessness of the company's board, the resignation of its Billionaire Chairman, Hakeem Belo-Osagie, yesterday (Friday) was already cast in stone, but The New Diplomat's findings show this will not be…
July 1, 2017
