ECONOMY

CBN may increase interest rate to reflect current economic realities - As members of Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) begin their two-day meeting today, market pundits at...

SEC adopts guidelines on sustainable finance for CMOs - The Securities and Exchange Commission has adopted the Nigerian Sustainable Finance Principles (NSFP) as developed by the Financial Services Regulation Coordinating Committee...

Singer Yemi Alade Calls Out CBN for Forex Policy Affecting Businesses - Nigerian singer, Yemi Alade, has called out the Central Bank of Nigeria (CBN) over recent Forex policies affecting businesses...

CBN begins gradual harmonisation of exchange rates - The Central Bank of Nigeria (CBN) yesterday began gradual harmonisation of exchange rates with the removal of N379/$1 official rate from its website....

Naira falls to N411.25/$1 at I&E window - The naira recorded marginal depreciation at the official window after the Central Bank of Nigeria (CBN) announced indefinite extension of its ‘Naira-4-Dollar’ scheme....

Companies Pay N392.8bn Income Tax to Government in Q1 2021 - In the first quarter of 2021, companies operating in Nigeria remitted not less than N392.8 billion to the government as...

Naira Falls to N410.67/$1 despite Drop in FX Demand at I&E - Despite a drop in the demand for foreign exchange (FX) at the market on Monday, the Naira depreciated against...

CBN promises more credit facilities for youths - The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has reiterated the apex bank’s commitment to provide more loans to the youth. The...

Naira Gains 0.06% against Dollar at I&E - The Naira appreciated by 25 kobo or 0.06 per cent against the US Dollar at the Investors and Exporters (I&E) window of the...

N120b CBN metering intervention timely – Consumers: One of the myriad of challenges bedeviling the Nigerian Electricity Supply Industry (NESI) is metering. On its own, the Nigeria Electricity Regulatory Commission (NERC)...