Buhari and the Banks

Economy on backburner in President Buhari’s new year message

Forthcoming elections seem to be uppermost in the mind of President Muhammadu Buhari, going by his 2019 New Year message. The President, made no mention...
2019, general elections, President Muhammadu Buhari

What President Buhari said in his 2019 new year’s day speech

It is my utmost pleasure to rejoice with all Nigerians as we enter the year 2019, which will be a very significant one for our country.
The Minister of Finance, Zainab Ahmed

FAAC disburses N788.14 billion for the month of October

The Federation Account Allocation Committee (FAAC) disbursed the sum of N788.14 billion to the three tiers of government in November 2018 from the revenue...
National Financial Inclusion Strategy

CBN deploys consumer complaint management system, gives guidelines to banks

The Central Bank of Nigeria (CBN), has announced the deployment of its Consumer Complaint Management System which is also known as CCMS.
Unemployment report 2018

NECA says FG’s delay in implementing the new minimum wage is counter-productive

The umbrella organisation for employers in the Organised Private Sector in Nigeria, Nigeria Employers' Consultative Association (NECA) has described the delay in transmitting the new minimum...
NNPC

Senate, NNPC finally agree on “missing” NLNG fund

The NNPC and the Senate Committee on Gas Resources have finally reached an agreement over the $1.05 billion NLNG fund. 
Crude Oil, Nigeria's crude oil sale in Q3 2018

The Niger Delta militants may resume hostilities soon

Nigeria’s Niger Delta region may turn volatile again going by threats from a newly formed militant group. The group by the name War Against Niger...
NSE and Nasdaq

NSE extends trading agreement on technology with Nasdaq

For the next five years to come, the Nigerian Stock Exchange (NSE) will continue to use Nasdaq's matching engine technology for all its equities and fixed income operations.
Nigerian Communications Commission

Why telcos are very worried by this NCC directive

The Nigerian Communication Commission (NCC) recently instructed IHS Towers Nigeria and ATC Nigeria to disconnect any indebted telecommunication companies from their facilities.
Unemployment report 2018

Is the Presidency seriously contesting the unemployment report?

President Muhammadu Buhari disputed the recently released unemployment data by the NBS, and claimed that his administration is making progress.

TCN plans to offset loans by having Nigerians pay for it

The Transmission Company of Nigeria (TCN) may hike tariff in efforts to raise enough capital in order to offset its debts. 
NEXIM Bank $1 billion fund

How Nigerian exporters will benefit from NEXIM Bank’s disbursed $1 billion

Nigerian exporters would be among other exporters in West Africa that will benefit from Nigerian Export-Import Bank's $1 billion trade facilitation pact.
Ben Akabueze, Nigeria budget shortfall

FG records shortfall on Budgets, says Akabueze

The Nigerian Government is struggling to execute the 2018 budget due to lack of funds even as its budgeted Independent Revenue has continually under-performed. Performance...

Details of President Buhari’s N8.83 trillion 2019 budget

President Muhammadu Buhari has presented an N8.8trn budget for 2019. According to the President, who gave the figure during the 2019 budget presentation before a joint session of the National Assembly,
Forbes best countries for business 2018

Nigeria’s unemployment rate hits all time high since 2014

The Nigerian Bureau of Statistics, NBS, has finally released the much anticipated unemployment report in the country, with the number of unemployed Nigerians at 20,927,648.
Highlights of the 2018 NEDG/BON Vice Presidential debate

Highlights of the 2018 NEDG/BON Vice Presidential debate

Yesterday, the Nigerian Electoral Debate Group held its Vice Presidential debate. The Vice Presidential candidates of five political parties were present, namely: Allied Congress Party of Nigeria (ACPN): Ganiyu Galadima Alliance...
2019 budget

Trouble as Lawmakers plans to shun 2019 budget presentation

Nigerian lawmakers have threatened to boycott the presentation of 2019 budget estimates by President Muhammadu Buhari.
How to save money in 2019, ATM, NIP, NBS, CBN, Inflation, Interest Rates

This payment channel had the highest value of transaction in Q3 2018

The National Bureau of Statistics (NBS) has released the Selected Banking Sector Data for Q3 2018.
Nigeria's first gold refinery to provide over 500,000 jobs

Nigeria’s first gold refinery to provide over 500,000 jobs

Kian Smith Trade & Co Limited announces the completion date of Nigeria's first ever gold refinery
How Fowler's FIRS is set to make N5.3 trillion by year end

How Fowler’s FIRS is set to make N5.3 trillion by year end

The Executive Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler has disclosed how the agency generated N5 trillion as at the second week of...
National Financial Inclusion Strategy

AMAC obtains microfinance licence from CBN

The Abuja Municipal Area Council (AMAC) has been granted a microfinance banking licence by the Central Bank of Nigeria (CBN).

Moody’s gives reason for Nigeria’s stagnant credit rating

International rating agency, Moody's said Nigeria's credit profile currently at B2 stable is constrained by the sovereign balance sheet's
oil marketers

Again, Oil marketers oppose promissory note for payment

Oil marketers suspend planned strike, gives FG 5-day ultimatum to pay debts
Lotus Capital

Sukuk: DMO appoints Lotus Financial Services as joint adviser

Lotus Capital is a Nigerian pioneer in the emerging financial niche of Islamic finance with a unique equitable interest-free solution.
Minimum wage

France increases minimum wage after protests, as Nigeria refuses to do same

French President, Emmanuel Macron announced that the minimum wage in the country would be increased by €100 starting early 2019.
Problems with Nigeria's banking sector

CBN ends forex for fertilizer importation, raises concern over banks sharp practice

The Central Bank of Nigeria (CBN) in a circular ‘Inclusion of some imported goods and services on the list of items not valid for forex in the Nigerian forex market.’
GTBank, Ecobank, Ekiti State, Kayode Fayemi, Ayo Fayose

These banks can now do business with Ekiti MDAs

Fayemi lifts embargo on three banks in Ekiti State
41 items forex restriction, Anchor Borrowers’ Programme

CBN cries out over banks’ outrageous interest rates on loans

CBN addresses interest rates on loans

Strike inevitable as oil marketers demand payments before Friday

Nigerians to struggle for fuel during yuletide
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