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Ekiti Only Southern State To Benefit Six northern states are the major beneficiaries of a $500 million loan package approved by the World Bank to help end female education inequality in Nigeria with the Adolescent Girls Initiative for Learning and Empowerment (AGILE) which will be implemented in 7 states in Nigeria. Kano, Kebbi, Kaduna, Katsina,…
July 29, 2020
The nation’s bourse returned to negative territory on Tuesday with the market capitalisation shedding N70 billion due to losses by some blue chips. The market capitalisation was down 0.54 per cent to close at N12.858 trillion compared with N12. 928 trillion on Monday. Also, the All-Share Index (ASI) dipped 133.45 points or 0.54 per cent…
July 29, 2020
Capable Of Lifting 30 Million Out Of Extreme Poverty The African Continental Free Trade Agreement, AfCFTA if successfully implemented is capable of improving Africa’s income by $540 billion, speed up wage growth for women, and lift 30 million people out of extreme poverty by 2035. This is according to a latest report by The World…
July 28, 2020
Following the outbreak of the COVID 19 pandemic and dwindling oil prices which has led to a drop in Nigeria’s revenue, the Federal Government said it has identified new oil and non-oil initiatives that could help the country generate between N13tn to N18tn. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed that…
July 24, 2020
Nigeria’s gross revenue collection recorded an N1.46trillion deficit in the first quarter of 2020. This deficit is against the budget estimate of N3.95tn projected by the country. This was disclosed by the Central Bank of Nigeria, CBN in its quarterly Federation Account Operations report. “At N2.53tn, federally-collected revenue, in the first quarter of 2020, was…
July 22, 2020
African Development Bank, AfDB has credited the recent triple AAA with a stable outlook rating by global credit rating agency Fitch Incorporated as a result of the extraordinary support it receives from its shareholders. The new triple-A rating from Fitch for the bank comes after an earlier triple-A rating from another global rating agency, Standard…
July 21, 2020
On the heels of a recent report that investment pledge to Nigeria declined by 67 percent in the first half of 2020, the Securities and Exchange Commission, SEC has disclosed that the automation of the capital market is key to attracting Foreign Direct Investment, FDI. SEC’s Director-General, Mr. Lamido Yuguda in a meeting with Nigeria’s…
July 20, 2020
In yet another worrying sign of Nigeria worsening Foreign Exchange crisis, Nigerian customers abroad will have their debit card spending limited by some of their banks. This is in a bid to limit foreign currency settlement risk by the banks. Two of Nigerian leading banks have moved to temporarily suspend the use of debit cards…
July 20, 2020
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria, CBN rising from its meeting has held the Monetary Policy Rate (MPR) constant at 12.5%. CBN’s governor, Godwin Emefiele made this known while reading the communique at the end of the MPC meeting on Monday. Other parameters such as Cash Reserve Ratio (CRR), Liquidity…
July 20, 2020
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Ekiti Only Southern State To Benefit Six northern states are the major beneficiaries of a $500 million loan package approved by the World Bank to help end female education inequality in Nigeria with the Adolescent Girls Initiative for Learning and Empowerment (AGILE) which will be implemented in 7 states in Nigeria. Kano, Kebbi, Kaduna, Katsina,…
July 29, 2020
The nation’s bourse returned to negative territory on Tuesday with the market capitalisation shedding N70 billion due to losses by some blue chips. The market capitalisation was down 0.54 per cent to close at N12.858 trillion compared with N12. 928 trillion on Monday. Also, the All-Share Index (ASI) dipped 133.45 points or 0.54 per cent…
July 29, 2020
Capable Of Lifting 30 Million Out Of Extreme Poverty The African Continental Free Trade Agreement, AfCFTA if successfully implemented is capable of improving Africa’s income by $540 billion, speed up wage growth for women, and lift 30 million people out of extreme poverty by 2035. This is according to a latest report by The World…
July 28, 2020
Following the outbreak of the COVID 19 pandemic and dwindling oil prices which has led to a drop in Nigeria’s revenue, the Federal Government said it has identified new oil and non-oil initiatives that could help the country generate between N13tn to N18tn. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed that…
July 24, 2020
Nigeria’s gross revenue collection recorded an N1.46trillion deficit in the first quarter of 2020. This deficit is against the budget estimate of N3.95tn projected by the country. This was disclosed by the Central Bank of Nigeria, CBN in its quarterly Federation Account Operations report. “At N2.53tn, federally-collected revenue, in the first quarter of 2020, was…
July 22, 2020
African Development Bank, AfDB has credited the recent triple AAA with a stable outlook rating by global credit rating agency Fitch Incorporated as a result of the extraordinary support it receives from its shareholders. The new triple-A rating from Fitch for the bank comes after an earlier triple-A rating from another global rating agency, Standard…
July 21, 2020
On the heels of a recent report that investment pledge to Nigeria declined by 67 percent in the first half of 2020, the Securities and Exchange Commission, SEC has disclosed that the automation of the capital market is key to attracting Foreign Direct Investment, FDI. SEC’s Director-General, Mr. Lamido Yuguda in a meeting with Nigeria’s…
July 20, 2020
In yet another worrying sign of Nigeria worsening Foreign Exchange crisis, Nigerian customers abroad will have their debit card spending limited by some of their banks. This is in a bid to limit foreign currency settlement risk by the banks. Two of Nigerian leading banks have moved to temporarily suspend the use of debit cards…
July 20, 2020
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria, CBN rising from its meeting has held the Monetary Policy Rate (MPR) constant at 12.5%. CBN’s governor, Godwin Emefiele made this known while reading the communique at the end of the MPC meeting on Monday. Other parameters such as Cash Reserve Ratio (CRR), Liquidity…
July 20, 2020
