Business

The Central Bank of Nigeria (CBN) has called on banks and other financial institutions to reduce the cost of providing banking services to their customers, especially the underbanked and unbanked within the society. CBN's Director,…

The Monetary Policy Committee of the Central Bank of Nigeria has retained key lending rates at 11.5%. Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced this on Tuesday, saying it is part of efforts to boost the…

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that the country will exit recession by the first quarter of 2021. Mrs. Ahmed spoke about the current recession in the country on Monday at the ongoing…

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Muhammadu Buhari, to cut the cost of governance and implement bold transparency and accountability measures in response to Nigeria’s second recession in…

Nigeria's economy has again slipped into recession, the second in five years and the worst the country has experienced in 36 years. According to the latest report released on Saturday by the Nigerian Bureau of Statistics (NBS), the…

As part of efforts to enhance incremental changes in the nation’s tax laws, the Federal Executive Council (FEC) has approved the Finance Bill 2020 while assuring Nigerians that there would be no fresh levy. The Minister of Finance,…

Nigeria’s inflation has continued its upward trend in October, rising to 14.23 percent, 0.52 percentage points higher than the 13.71 percent recorded in September. According to the latest data released by the National Bureau of…

The Securities and Exchange Commission may soon withdraw the registration certificates of about 157 inactive Capital Market Operators (CMOs). The Commission issued a pre-notice for the cancellation or withdrawal of the certificates and…

Renowned banker and founder of Stanbic IBTC Bank Plc, Atedo Peterside, has accused the Federal Government of being biased for permitting Dangote Cement to resume exports across land borders. Newsmen had reported that Dangote resumed…

Central Bank of Nigeria (CBN) has announced that it has so far made a total of 3.5 trillion naira disbursements to cushion the effect of COVID-19 pandemic on the country's economy. This was contained in a review of the 132nd communique…