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Nigeria’s Inflation Increases In Sept. –NBS

Nigeria’s Inflation Increases In Sept. –NBS   The National Bureau of Statistics (NBS) says the Consumer Price Index, (CPI) which measured inflation for September increased to 11.28 per cent (year-on-year)…

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Business

CBN To IMF: We Prefer Stable Exchange Rate Now To Building Reserves

CBN To IMF: We Prefer Stable Exchange Rate Now To Building Reserves The Central Bank of Nigeria, CBN, Sunday responded to the International Monetary Fund, IMF, propositions on judicious use…

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Business

CBN Revokes Licence Of Microfinance Bank

CBN Revokes Licence Of Microfinance Bank The Central Bank of Nigeria, CBN, Tuesday, said it has revoked the licence of Garu Microfinance Bank, a microfinance institution in Bauchi state. A…

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Business

Kaduna MSMEs Get N2.8bn From BoI

Kaduna MSMEs Get N2.8bn From BoI About 20,830 Micro, Small and Medium Enterprises (MSMEs) in Kaduna State received N2.8bn from the Bank of Industry (BoI). The bank’s Managing Director, Olukayode…

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Business

Why CBN Revoked Skye Bank Licence, Now Polaris

Why CBN Revoked Skye Bank Licence, Now Polaris   The Central Bank of Nigeria (CBN) Friday revoked the licence of Skye Bank, and transferred its assets and liabilities to a…

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Business

CBN To Disburse N220bn To Enterprises Development Fund

CBN To Disburse N220bn To Enterprises Development Fund The Central Bank of Nigeria (CBN) said it had set aside N220 billion to be disbursed as loans to cooperative organisations under…

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Business

Japan, China In £21.3b Currency Swap Talks

Japan, China In £21.3b Currency Swap Talks Japan and China are in talks to resume a currency swap arrangement between their central banks worth about 3 trillion yen (£21.3 billion),…

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Business

2m Nigerians To Get Collateral Free Loans

2m Nigerians To Get Collateral Free Loans The Federal Government Sunday night said that it has launched a new initiative under the Government Enterprise and Empowerment Programme (GEEP), called the…

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Business

Pension Fund Assets Hit N8.14tr — PenCom

Pension Fund Assets Hit N8.14tr — PenCom The National Pension Commission (PenCom) said that the total pension fund assets stood at N8.14 trillion as at May, 2018. PenCom in a…

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Business

CBN Commences Chinese Yuan Forex Intervention

CBN Commences Chinese Yuan Forex Intervention The Central Bank of Nigeria (CBN) Friday flagged off its intervention in the sale of foreign exchange in Chinese Yuan (CNY), signaling the consummation…

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