ECONOMY

AMCON takes over firm’s assets over N4b debt - The Asset Management Corporation of Nigeria (AMCON) has taken over assets of Mr  Frank Okwudili Ezuma and his wife Lilian, who are...

Naira exchanges N460 to dollar on parallel market - THE naira on Monday fell by 1.09 per cent to N460 on the parallel market. The naira decline followed President Muhammadu‘s directive...

PWC predicts global drop in media revenue in 2020 - Global entertainment and media revenue will fall by 14.3 per cent this year, with consumer magazines to be hit hardest, PWC’s...

Subsidising the Naira Blocks Nigeria’s Economic Takeoff - The naira should be floated to find its exchange rate value on the market if Nigeria’s economy is to become productive, instead of...

Banking stocks in selling spree as investors review outlook - A considerable selloff in the banking sector moderated the performance of the Nigerian equities market; with average decline in the banking...

Local manufacturers fault 35% meter import incentive - A GROUP,  Electricity Meter Manufacturers Association of Nigeria (EMMAN), has faulted the approval of one year deferment of 30 per cent import levy...

Naira plunges, exchanges for N440/$ at parallel market - The naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales to the...

Nigeria’s debt stands at N24.52tn, recorded N561.71bn deficit – CBN: The Federal Government’s outstanding as of March 31 stood at the N24.52tn (excluding the states and the Federal Capital Territory Administration),...

CBN debunks Nigerian Economic Group’s false alarm on the economy, BOFIA - The attention of the Central Bank of Nigeria (CBN), has been drawn to a recent press release titled “Matters...

Survey Shows Improved Credit to Corporates in Q2 - The overall availability of credit to the corporate sector increased in the second quarter (Q2) of 2020 and was expected to increase...