Economy
Buhari Approves Take-off Of Infrastructure Company With N1tn Seed Capital
President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial...
Read moreDetailsSenate Summons CBN Governor Over Ban On Cryptocurrency, As Criticisms Grow
The Nigerian Senate on Thursday summoned the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele over ban on use of...
Read moreDetailsNigeria Naira Weakens To 10-Month Low On Interbank Market
Nigerian naira weakened to a more than 10-month low on the interbank market on Tuesday as Africa’s largest economy continues...
Read moreDetailsNigeria Disagrees With Advice To Devalue Naira, IMF Says
President Muhammadu Buhari’s administration sees currency pressures stemming from global outflows caused by the coronavirus pandemic and believes another depreciation...
Read moreDetailsMixed Reactions As CBN Bans Cryptocurrency Trading, Orders Banks To Close Operating Accounts
The Central Bank of Nigeria (CBN) has ordered all banks to close accounts of anyone who transacts in cryptocurrency. Cryptocurrency...
Read moreDetailsNigeria’s Foreign Capital Importation Drops To $9.68bn, Citibank Emerges Top Investment
The total value of capital importation into Nigeria has recorded a huge decline from $23.9 billion recorded in 2019 to $9.68 billion in 2020,...
Read moreDetailsAmidst Rising Inflation Threats, Analysts Predict Policy Hold At Committee Meeting
The Monetary Policy Committee (MPC) is set to hold its first meeting this year between January 25 and 26 with...
Read moreDetailsCBN Moves To Sanction Erring Dealers In Diaspora Remittances, Closes In On Culprits
The Central Bank of Nigeria (CBN) has acknowledged flagrant abuse of guidelines on diaspora remittances by dealers and international money...
Read moreDetailsN-Power: FG, CBN Launch Job Exit Strategies For Beneficiaries
The Federal Government has announced that former beneficiaries of the N-Power scheme can now access job opportunities created for members...
Read moreDetailsHeirs Holdings In Landmark Expansion, Acquires 45% Of OML 17 From Shell, Total, ENI
Heirs Holdings, (“HH”), Africa's leading strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest...
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