Naira stable against dollar as CBN meets over economy

The Naira on Monday remained stable at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency maintained N378 to the dollar at the close of trading on Monday afternoon, keeping same value

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NDIC urges strict sanctions for non- performing insider loans

The Nigeria Deposit Insurance
 Corporation, NDIC, has expressed concern over the increasing
figure of non-performing insider
loans in banks.
The corporation has therefore directed
banks to impose strict sanctions
on defaulters.
According to  a statement
issued on

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FG, states, LGs share N559bn for June

The Federal, States and Local Governments on Thursday shared N559.032 billion as revenue for June  2016. This figure represents an increase of  N253.904 billion from the N305.128 billion shared for

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Excess Crude Account hits $3.93 billion

The Federal Government has announced an increase in the Excess Crude Account from $ 2.259 billion to $3.93 billion. Briefing State House correspondents after Thursday’s National Economic Council meeting, Taraba

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Nigeria is in recession – FG

The Federal Government on Thursday  confirmed that the country’s economy has entered recession and is in tough place. Minister of Finance, Mrs. Kemi Adeosun painted this gloomy picture on  the

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Naira fall against dollar continues

The Naira, on Wednesday, maintained its loss
against the dollar at the parallel market, the
News Agency of Nigeria (NAN), reports.
The Nigerian currency, which lost three points
on Tuesday to exchange at N368

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Senate gets budget proposals for NNPC, CBN, 36 agencies

The Senate has received the 2016 budget
proposal for the Nigerian National Petroleum
Corporation (NNPC), Central Bank of Nigeria (CBN) and
36 other Agencies from President Muhammadu Buhari
for consideration and passage. Senate
President Bukola

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Nigeria experiencing economic stagnation, inflation – Emefiele

Governor of Central Bank of Nigeria, CBN,
Godwin Emefiele has presented the performance record of the Nigerian economy to the Senate. According to Emefiele, the economy has faced stagnation and inflation

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Orange completes acquisition of Airtel in Sierra Leone

Orange announces today that, together with its Senegal-based partner Sonatel, it has completed the acquisition of 100% of the mobile operator Airtel in Sierra Leone. Since the signature of an

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2016 budget: Reps approve N241.5bn for FCT

THE House of Representatives, on Thursday, approved N241,455,285,471 for the Federal Capital Territory, FCT, administration for the 2016 fiscal year. Of the amount, N52,982,280,360 was for perso-nnel costs; N34,388,260,823 for

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