Cut Number of Banks From 33 To 15- Analyts To BoG
Some business and financial analysts have begun expressing worry over the growing number of banks in the country. There are ...
Tag: Central Bank of Nigeria
A Clash Between True Federalism, Clumsy Leadership
MANY Nigerians sorrowfully misconstrue the supposed looting spree that characterised the successive Nigerian governments as the epicentre of the economic ...
Some of Africa’s Currencies Struggled In 2016
From a fall in Zambia’s Kwacha blamed on halted mining production to a plummet of Nigeria’s naira due to a ...
The Population That Gets Experts Cracked
Odimegwu Onwumere writes that health challenges among Nigerians are increasing as the growth in population is increasing. The report expresses ...
A.K.A. Many Miseries Multiplied
THE MEANING OF MMM - In truth, MMM is a Ponzi scheme. Wikipedia defines a Ponzi scheme as “a fraudulent ...
War Against Corruption
It is evidently unfortunate that certain sections of the media – print, social, broadcast – have been collaborative in fostering ...
Nigeria Domestic Airlines Seek $50m Grant From CBN’s Forex Window
Domestic airline operators in the country have appealed to the Central Bank of Nigeria (CBN), to allot the local industry ...
First Lady, Lordina Should Advise Her Husband
First lady, Lordina should advise her husband The NDC Government in one breath says it wants to make life meaningful ...
First Lady, Lordina Should Advise Her Husband, Mahama
The NDC Government in one breath says it wants to make life meaningful for ordinary Ghanaians. In another breath, it ...
Dangote’s Company Sacks 48 Staff
Nigeria’s economic recession seems to have hit the Dangote Group, owned by Africa’s richest man, Aliko Dangote. The company has ...
Nigeria Grants Forex Concession To Airlines
The Central Bank of Nigeria (CBN) has granted airline operators in the country a special foreign exchange (Forex) concession regime ...
Taxation Battle Over Multinational Companies Non-Compliance
“Sadly, the compliance level of the oil and gas exploration and production companies in payment of levies and taxes is ...
World Bank, Others To Release $1.3bn For Nigeria’s Development Bank
World Bank, others to release $1.3bn for Nigeria’s development bank In line with its determination to revive the Nigerian economy, ...
Emirates Rejects Naira In Payment For Flight In Nigeria
Emirates rejects naira in payment for flight in Nigeria Emirates Airlines has rejected the Nigerian currency, naira, for payment by ...
Nigeria Forex Crisis and Unfinished Naira-Yuan Swap Deal
Barely five months after a currency swap deal between Nigeria and China was enmeshed in controversy, the country’s import profile ...
WorldRemit Commends Restoration of Money Transfers To Nigeria
WorldRemit (www. WorldRemit.com/en/Nigeria), the leading digital remittance service, commends the restoration of money transfers to Nigeria, following the decision of ...
Nigerian Banks Suspended From Forex Market, Seek Truce
Lagos (AFP) - Nine Nigerian lenders banned this week from foreign exchange trading for failing to remit some oil money ...
Nigeria Reserves Fall To $19bn As Non-Oil Exports Drop By 43%
The Central Bank of Nigeria’s portion of the foreign reserves fell to $19.44 billion as non-oil exports fell by over ...
Economy of Nigeria Is In Comatose
Former governor of Central Bank of Nigeria (CBN), Prof. Charles Chukwumah Soludo yesterday said the economy is in deep trouble ...
Why John Kerry Paid A Visit To the Sultan of Sokoto In Nigeria
When a top-ranking American diplomat visits Nigeria, one might imagine that their first destination would be the commercial hub of ...