Business
CBN announces resumption of Dollar Sales for SMEs, School Fees
April 29, 2020
CBN announces resumption of Dollar Sales for SMEs, School Fees
The Central Bank of Nigeria (CBN) has resumed provision of foreign exchange to all commercial banks for onward sales to…
TCN, AEDC Faces NERC Thursday Over Faulty Networks, Blame Game
April 29, 2020
TCN, AEDC Faces NERC Thursday Over Faulty Networks, Blame Game
The Transmission Company of Nigeria (TCN), and the Abuja Electricity Distribution Company (AEDC) will face a probe panel at the…
National power grid collapses midnight *We’ve restored grid except… – TCN
April 29, 2020
National power grid collapses midnight *We’ve restored grid except… – TCN
The national electricity grid system collapsed on Wednesday morning at 1:21am leaving power generation to begin at 2,983 megawatts (MW)…
Why FG converted N850bn External Borrowing to Domestic…DMO
April 28, 2020
Why FG converted N850bn External Borrowing to Domestic…DMO
The Debt Management Office (DMO) has explained why the Federal Government reappraised its plans to convert N850bn External borrowing to…
Afreximbank announces $3m COVID-19 Response Grant for African Countries
April 23, 2020
Afreximbank announces $3m COVID-19 Response Grant for African Countries
The African Export-Import Bank (Afreximbank) has announced a $3-million grant to complement continental efforts to combat the COVID-19 pandemic. Afreximbank…
Why free electricity to Nigerians may hit the rocks …as FG may spend N110bn
April 23, 2020
Why free electricity to Nigerians may hit the rocks …as FG may spend N110bn
As the plan on providing free electricity to Nigerians for two months intensifies, there are concerns that the targeted vulnerable…
April 2020 FGN Bond Auction oversubscribed -DMO
April 23, 2020
April 2020 FGN Bond Auction oversubscribed -DMO
The Debt Management Office (DMO) said, it conducted the FGN Bond Auction for April 2020 on Wednesday, April 22, 2020…
FAAC: FG, States, LGs share N780.9bn as allocation for March, 2020
April 22, 2020
FAAC: FG, States, LGs share N780.9bn as allocation for March, 2020
The Federation Accounts Allocation Committee (FAAC) has shared a total of N780.926 billion as March 2020 Federation Account Revenue to…
Nigeria’s Inflation Rate hits 12.26% -NBS
April 21, 2020
Nigeria’s Inflation Rate hits 12.26% -NBS
The National Bureau of Statistics (NBS) said that the nation’s inflation rate has increased from the 12.20 percent recorded in…
COVID-19: Capital Market Support Committee to raise N1bn
April 21, 2020
COVID-19: Capital Market Support Committee to raise N1bn
In a bid to support the fight against COVID-19 and its impact on the Nigerian economy, the capital market community…