ECONOMY

Nigeria to create new opportunities in agric., manufacturing in 2020 - President Muhammadu Buhari says his administration will create new opportunities in agriculture, manufacturing and other long neglected sectors to address...

Investors in Nigerian equities lost N1.71 trillion in 2019 - Investors in Nigerian equities lost about N1.71 trillion in 2019 as a combination of political risk, weak macroeconomic performance and tense...

Nigeria’s Economy recorded $4.17bn forex deficit in one year - A total foreign exchange of $58.01bn came into the economy through the Central Bank of Nigeria within a 12-month period covering...

Nigeria’s Commercial farmers gets N611.5bn loan from CBN - The total amount disbursed to farmers under the Commercial Agriculture Credit Scheme from inception in 2009 rose to N611.5bn as of the...

Nigeria’s reserves dip to $39.2b, puts Pressure on naira - The decline in foreign exchange reserves which dipped to $39.2 billion is threatening the naira. For two years the naira exchange rate...

Nigeria spent N12.7bn to subsidies fuel in five days at N35.78 per litre - THE Federal Government, through the Nigerian National Petroleum Corporation, NNPC, spent N12.69 billion to subsidise Premium Motor...

FG, banks, deposits N13.9 trillion in CBN as Currency outside banks dip - The Central Bank of Nigeria (CBN) received N13.97 trillion deposits from the Federal Government and commercial banks in...

Tax defaulters gets seven-day ultimatum from FIRS - The Federal Inland Revenue Service has given a seven-day notice to tax defaulters, with a warning that it will soon begin a nationwide...

Seme Customs Command seizes petrol, narcotics, others with N1.5b DPV - The Seme Area Command of the Nigerian Customs Service (NCS), on Monday announced the seizure of Premium Motor Spirit (PMS)...

CBN’s loan directive Credit negative for banks - Fitch: Global rating agency, Fitch, says the new requirement for Nigerian banks to have a loan to deposit ratio (LDR) of at least...