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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
Some shareholder groups in the nation’s capital market on Tuesday urged Etisalat Nigeria to settle the N1.2 billion debt it owes 13 commercial banks to avoid a takeover. A cross section of the shareholder groups stated this in an interview with newsmen in Lagos on Tuesday. They insisted that the company must settle the debt…
June 28, 2017
The Nigerian equities market extended its two-day loss to close Friday June 23, 2017 with a week-on-week negative position of 4.99 per cent due to falling oil prices nearing the budget benchmark of $44.5 per cent Five days trading witnessed market capitalisation depreciating by N7.465 billion. Analysts at Trust Yield investment said the “Nigeria’s recent…
June 26, 2017
Denied Being Under Probe Etisalat Nigeria has refuted claims that it was owing banks $1.2bn, saying it has repaid 42 per cent of the debt owed Nigerian banks and now owing $574bn as against what was being reported in the media. The clarification was made by the troubled telecommunications company on Thursday, The New Diplomat…
June 22, 2017
NCC Assures Subscribers Of Network Integrity Of Etisalat The Federal Government has disagreed with a consortium of local and foreign banks for taking over the management of Etisalat Nigeria after debt restructuring talks with the banks failed. Citing the Nigerian Communications Act (NCA) 2003, Section 38, Federal Government said it was too early for the…
June 21, 2017
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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
Some shareholder groups in the nation’s capital market on Tuesday urged Etisalat Nigeria to settle the N1.2 billion debt it owes 13 commercial banks to avoid a takeover. A cross section of the shareholder groups stated this in an interview with newsmen in Lagos on Tuesday. They insisted that the company must settle the debt…
June 28, 2017
The Nigerian equities market extended its two-day loss to close Friday June 23, 2017 with a week-on-week negative position of 4.99 per cent due to falling oil prices nearing the budget benchmark of $44.5 per cent Five days trading witnessed market capitalisation depreciating by N7.465 billion. Analysts at Trust Yield investment said the “Nigeria’s recent…
June 26, 2017
Denied Being Under Probe Etisalat Nigeria has refuted claims that it was owing banks $1.2bn, saying it has repaid 42 per cent of the debt owed Nigerian banks and now owing $574bn as against what was being reported in the media. The clarification was made by the troubled telecommunications company on Thursday, The New Diplomat…
June 22, 2017
NCC Assures Subscribers Of Network Integrity Of Etisalat The Federal Government has disagreed with a consortium of local and foreign banks for taking over the management of Etisalat Nigeria after debt restructuring talks with the banks failed. Citing the Nigerian Communications Act (NCA) 2003, Section 38, Federal Government said it was too early for the…
June 21, 2017
