Category: Economy
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NASS, DISCOs Agree To Delay Electricity Tariff Hike Till 2021
The leadership of the National Assembly and representatives of Distribution Companies (DISCOs) in the country, on Monday, agreed to defer the planned...
CBN Disowns Fake Twitter Handle Luring Loan Seekers
The Central Bank of Nigeria (CBN) on Sunday night decried the operation of a fraudulent twitter handle- @YusufPhilipYila, purportedly belonging to it...
SEC Nigeria Warns Against Activities Of Ponzi Schemes, Blockchain Promoters
The Securities and Exchange Commission (SEC), on Sunday warned the general public against the activities of Ponzi and other fraudulent schemes such a...
Nigeria’s Banking Sector Systematically Fragile- Fitch
Forecast 2.5% Loan Book Contraction
Global rating agency- Fitch, says Nigeria’s banking industry is among those it described as “the most systemat...
IMF Outlook Sees Nigeria’s GDP Shrinking By 5.4% In 2020
The International Monetary Fund (IMF) on Wednesday warned that the global economy may suffer worse impact than previously anticipated this year, goin...
Betrayal Endangering Eco Currency, Buhari Warns ECOWAS Leaders
Nigeria’s President Muhammadu Buhari, on Tuesday, expressed dissatisfaction over the decision by francophone West African countries, which make up th...
We Didn’t Demolish Ikoyi Property Of Arumemi-Johnsons Over N397bn Debt- AMCON
The Asset Management Corporation of Nigeria (AMCON), on Monday, denied a newspaper report at the weekend alleging that it was responsible for the Jun...
AfDB Sets Four Weeks For Independent Review Of Whistle-Blowing Policy
The African Development Bank Group (AfDB), on Monday, said that considering its electoral calendar into account, the proposed Independent comprehensi...
FG Unveils Group To Draft Roadmap On National Savings Scheme
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, at the weekend in Abuja, inaugurated the National Savings Strategy Working Grou...
CBN To Consider Ethical Borrowers In N3.5tr Intervention Funds
Targets N432bn For Rice, Cotton Farmers, Others
The Central Bank of Nigeria (CBN), on Thursday said a framework is the works to integrate non-inte...
