Economy

The U.S. Chamber of Commerce announced that Benedict Peters, Chairman and CEO of AITEO, will serve on the Board of Advisors for the U.S.-Africa Business Center.The mission of the U.S.-Africa Business Center is to build lasting…

With an estimated 390 million people living in extreme poverty, hunger and food insecurity, Africa is in a race against time to deliver on its regional and global development goals.On the sidelines of the UN General Assembly on Sunday,…

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…

The Central Bank of Nigeria (CBN) says the transaction charges on deposit and withdrawal in furtherance of implementation of its cashless policy is on the amount in excess of the set limits.The Director, Corporate Communication…

The Group Managing Director of the Nigerian National Petroleum Corporation , Mallam Mele Kyari, on Saturday, recommissioned the NNPC Depot in Ilorin.In attendance at the event is the Governor of Kwara State, Abdulrahman Abdulrazaq.…

Central Bank of Nigeria Communiqué No. 126 of the Monetary Policy Committee Meeting of Thursday 19th and Friday 20th September 2019 The Monetary Policy Committee (MPC) met on the 19th and 20th of September 2019, in the light of softening…

The Federation Accounts Allocation Committee (FAAC), at its meeting on Thursday, 19th September, 2019, chaired by the Accountant-General of the Federation, Ahmed Idris, shared a total of N720.880 billion to the three tiers of government for…

The Central Bank of Nigeria (CBN) has placed restrictions granting foreign exchange to importers of cassava derivative products.The CBN Governor, Mr Godwin Emefiele said this while addressing state governors on Thursday.Emefiele…

West African currency, CFA Franc, has crashed against the Naira to a new record low at the black market trading at 6890 CFA early Wednesday to N1000 due to the closure of Nigeria’s land borders.But traders and residents at the Seme…