Category: Economy

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NASS, DISCOs Agree To Delay Electricity Tariff Hike Till 2021

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

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

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

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

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

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

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

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

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

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...
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