Survey reveals Nigerian businesses expect positive outlook for job creation

Businesses in Nigeria are once again optimistic about the direction of the economy according to the CBN's Business Expectation Survey for the month of...

Balami Hassan explains how US/China trade war could affect Nigeria.

A member of the CBN's Monetary Policy Committee (MPC), Balami Dahiru Hassan, has weighed in on the possible effect of the China/USA trade war...

Sesamum seeds top Nigeria’s agric exports

Data from NBS indicate that Sesamum seed is the leading agricultural export product in Nigeria for the first quarter ofQ1 2018.

Newly passed US bill threaten foreign direct investments into Nigeria

The US house of Reps has just passed The Foreign Investment Risk Review Modernisation Act.

CBN to begin collection of Cybersecurity levy this month

CBN has released guidelines for the collection of a 0.005% levy on electronic transactions for the National Cybersecurity Fund.

NNPC signs $724 million oil financing deal with Schlumberger

NNPC has announced the signing of the final contractual agreement with Oil-giant Schlumberger.

CBN set to issue guidelines for fintech operators

The Central Bank of Nigeria has announced plans to draft guidelines that would enable the regulation and supervision of FinTechs in Nigeria.

NNPC defends N147billion remittance to FAAC

NNPC has justified its N147billion June remittance to the Federation Accounts and Allocation Committee (FAAC).
Patience Oniha, Director General, Debt Management Office

DMO reveals plan to raise additional $2.8 billion foreign debt

DMO has revealed plans by the Federal Government to raise $2.8bn of debt offshore as part of its 2018 budget.

British Council, CFA Institute Bring Exams to Nigeria

The Chartered Financial Institute CFA in association with British Council in Nigeria have begun the delivery of the CFA exams in Nigeria. The exam...

President Buhari appoints 4 non-executive directors for CBN

President Muhammadu  Buhari, on Friday, approved the appointment of four non-executive directors for the Central Bank of Nigeria.

Some of the red flags in Buhari’s 2018 Budget

Nigeria’s President Muhammadu Buhari signed the 2018 Federal Budget on June 21st, 2018.

PENCOM rolls out revised industry fee structure

(PENCOM has released the revised fee structure for the pensions industry.

President Buhari and NASS exchange words over 2018 budget

In his speech after the signing of the 2018 budget, the President queried the alterations made by the legislature.

President Buhari signs 2018 budget

President Muhammadu Buhari has just signed the 2018 budget into law.

Moody’s raises concern over Nigeria’s revenue generation

Credit rating agency, Moody’s Investors Service, has stressed the need for the government to improve its ability to generate revenue.
Visionscape Sanitation Solution

Lagos State has plans to increase the number of PSP operators

There are currently about 350 PSP operators in the state, an abysmal number compared to the thousands of tonnes of solid waste generated daily.

FRC’s new corporate code to boost investors confidence, and competitiveness

The Financial Reporting Council, FRC, of Nigeria has announced the release of an Exposure Draft, ED, of the Nigerian Code of Corporate Governance, NCCG.

Inflation rate drops for the 16th consecutive time

The Nigerian Bureau of Statistics (NBS), on Wednesday, released the Consumer Price Index (CPI) for the month of May.

Why these foreign investors think the Naira will remain stable

Analysts at Franklin Templeton Investments and BlackRock Inc are of the opinion that the Central Bank of Nigeria will be able to keep Naira stable.
Diesel Price

Average Price of Diesel Hits ₦205.67 in May

The Nigeria Bureau of Statistics (NBS) has released the Automotive Gas Oil (Diesel) Price Watch for the month of May 2018.

Bankers, Accountants takeover CBN Board as Economists continue desert the top.

President Muhammadu Buhari nominated Fola Shonubi as a Deputy CBN Governor and is subject to confirmation by the Senate. He replaces Adebayo Adelabu who, according to reports, stepped down to contest for political office.

NIPOST partners LAPO microfinance to bridge gap to banking services

The Nigerian Postal Service (NIPOST) has announced that it has reached an agreement with the Lift Above Poverty Organisation (LAPO) Microfinance Bank to support...

Nigeria to partner Morocco on new gas pipeline, chemical plant

An agreement to cut gas flaring and encourage diversification of energy resources while cutting down poverty through the creation of more job opportunities has...

Nigeria’s crude oil export may drop to a record 1.43 million bpd

Nigeria's oil exports are predicted to drop in July to around 1.43 million barrels per day. According to reports by Reuters, loading plans for...

NSIA to delay dividend after 82% drop in 2017 profit

The three tiers of government will have to wait till next year for dividend from the Nigeria Sovereign Investment Authority (NSIA) as a result of a...

THIS WEEK: Big Macros and a very important task for President Buhari.

The Nigerian economy has been busy in the past week, from the foreign trade report, to the guidelines on currency swap deal with the...

Meet Adebisi Shonubi the newly appointed CBN Deputy Governor

President Muhammadu Buhari has approved the nomination of Mr. Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria (CBN). The appointment is...

CBN releases guidelines for the Nigeria-China currency swap

The Central Bank of Nigeria (CBN) has released guidelines for the recently signed bilateral currency swap between the country and China. The new swap agreement will...
new tobacco and alcohol tax

Group kick against new tobacco and alcohol tax

Distillers and Blenders Association of Nigeria (DIBAN) has urged the Federal Government to stop the implementation of the new excise duty on locally produced...