Category: Economy

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CBN Pumps $337m, CNY53m nto Inter-Bank Forex Market

CBN Pumps $337m, CNY53m nto Inter-Bank Forex Market

In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, October 19, 2018 injected over $337m in the inter- Bank forex market...
CBN Sets N6bn Minimum Capital For Proposed Mortgage Guarantee Firms

CBN Sets N6bn Minimum Capital For Proposed Mortgage Guarantee Firms

The Central Bank of Nigeria (CBN), on Thursday unveiled an exposure draft to regulate the operations of Mortgage Guarantee Companies (MGCs), as part o...
Nigeria’s Reserves Slips To $43bn, Sheds 2.94% In 15 Days

Nigeria’s Reserves Slips To $43bn, Sheds 2.94% In 15 Days

Nigeria’s foreign reserve pool continued its steady decline, falling to $43.002bn on Monday, October 15, 2018, according to data on the website of the...
NBS Reports 11.28% YoY Inflation Growth In Sept

NBS Reports 11.28% YoY Inflation Growth In Sept

Nigeria’s National Bureau of Statistics (NBS), on Tuesday released the Consumer Price Index data for the month of September with headline inflation gr...
Minister Blames Past Years Of Under-Investment For Nigeria’s Woeful Human Capital Ranking

Minister Blames Past Years Of Under-Investment For Nigeria’s Woeful Human Capital Ranking

Mrs. Zainab Shamsuna Ahmed, Nigeria’s Finance Minister, on Sunday blamed the country’s woeful ranking on the World Bank's Human Capital Index on long ...
IMF To Help Nigeria, Others Improve Debt Management Capacity

IMF To Help Nigeria, Others Improve Debt Management Capacity

Following its worry about rising debts levels among low income and emerging market countries of the world, including Nigeria and other fellow African ...
Many Of Today’s Jobs May Not Exist In Future, Says World Bank President

Many Of Today’s Jobs May Not Exist In Future, Says World Bank President

World Bank Group President Jim Yong Kim says at the ongoing Annual Meetings of the group in Bali, Indonesia, many of the jobs existing across the glob...
AFC Gets Inaugural US$300m Five-Year Facility From China EXIM

AFC Gets Inaugural US$300m Five-Year Facility From China EXIM

Leading infrastructure development finance institution in Africa, Africa Finance Corporation (AFC), on Thursday, announced its successful acquisition ...
Invest In Health, Educate Your People To Reduce Poverty- World Bank Urges Govts

Invest In Health, Educate Your People To Reduce Poverty- World Bank Urges Govts

A new World Bank research gives policymakers across the globe compelling evidence that delivering better outcomes in children’s health and learning ca...
Buhari Signs Executive Order On Offshore Assets Regularisation

Buhari Signs Executive Order On Offshore Assets Regularisation

In its bid to step up the fight against corruption, President Muhammadu Buhari, on Wednesday signed a new Executive Order (EO 008), giving Nigerian ta...
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