CBN raises Cash Reserve Ratio to 27.5%
The Central Bank of Nigeria has raised the Cash Reserve Ratio from 22.5 per cent to 27.5 per cent. Briefing…
Month: January 2020
Tax experts urged to leverage opportunities in Finance Act
Tax practitioners have been urged to leverage the many opportunities that abound in the new Finance Act. For instance, under…
Banking sector gross credit grows by N2trn in 7 months — Emefiele
The Central Bank of Nigeria governor, Godwin Emefiele (CBN) says the Banking Sector Gross Credit has grown by two trillion…
Central Bank of Nigeria appoints directors
The Central Bank of Nigeria (CBN) has announced the appointment and redeployment of some directors. A statement from the CBN…
History shows China’s coronavirus impact on markets likely to be short-lived
As China’s Wuhan virus spreads, it is expected to continue slamming Chinese and other financial markets, but economists say it…
BUA, Seplat, Dangote Cement lift NSE Index higher by 0.5%
The equities market on the Nigerian Stock Exchange, NSE ended today’s session Thursday in the green as the All Share…
‘Taxpayers are leaving millions of dollars off their returns.’ Why Americans repeatedly overlook this lucrative tax credit
The Earned Income Tax Credit is designed to act as a cash infusion to low-income families. In fact, some experts…
Dangote Foundation empowers 34,000 women in Katsina
THE Aliko Dangote Foundation (ADF) has empowered no fewer than 34,000 vulnerable women from all the 34 local governments in…
DFID spends £250m yearly on gender equality programmes
The Department for International Development (DFID), said it invests £250 million yearly for the promotion of programmes anchored on gender…
Buhari directs trade minister to set up agro-allied industry in 36 states
The President, Major-General Muhammadu Buhari (retd) has directed the Ministry of Industry, Trade and Investment to establish agro-allied industry in…
BUA, Seplat, Dangote Cement lift NSE Index higher by 0.5%
The equities market on the Nigerian Stock Exchange, NSE ended today’s session Thursday in the green as the All Share…
Analysts predict decline in T-bills, bond yield
Analysts at Cordros Capital Limited have said yields on Treasury bills and bonds are expected to decline by about 100…
Refineries recorded N123.3bn loss in 10 months – NNPC
The country’s refineries under the management of the Nigerian National Petroleum Corporation made a cumulative loss of N123.25bn from January…
ACCA study sees low economic confidence, debt risks
A gauge of the nation’s economic confidence in the fourth quarter (Q4) 2019, showed not just a dip, but a…
Oil firms to stake $30 billion on exploration this year
Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost-efficiency challenges may slip by…
China stocks slide 3%, leading sharp losses for Asia as coronavirus spreads
Stocks in China were hit hard in Thursday with Hong Kong and Shanghai exchanges off 2% to 3% as the…
Africa is resurging, AfDB encourages global investors
The African Development Bank (AfDB), yesterday, told global investors that the continent is resurging with huge investments opportunities in billions…
NSE: Market indicators sustain downtrend by 0.02%
The Nigerian equities market sustained a negative trend on Wednesday with the market indices dropping marginally by 0.02 per cent.…
Currency issues least of ECOWAS integration process, says LCCI
Citing the need to address key fundamental issues and non-tariff barriers affecting regional trade among Economic Community of West African…
Farmers to kick off N9 billion moringa plantation
Moringa farmers in partnership with a Nigerian firm has disclosed plans to flag off an N9billion Moringa oleifera farming plantation…
Uganda Set To Produce First Oil Barrel
The General Electric Co.-led group picked to build a $3.5 billion refinery in Uganda is close to making a final…
Law Union, Lafarge, Unity Bank lead gainers’ chart on Tuesday
The Nigerian Stock Exchange traded negatively on Tuesday as the all-share index dipped 0.83% to close at 29,462.76 index points…
Tesla crosses $100 billion stock market valuation in extended trading
Tesla Inc became the first $100 billion publicly listed U.S. carmaker in extended trading on Tuesday, in a sign of…
Afreximbank announces $1-billion Adjustment Facility, Other AfCFTA Support Measures as African Leaders Meet
Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), yesterday in Niamey, addressed the 12th Extraordinary Summit of African…
9 Tips for Advertising Your Business to Hit Your 2020 Goals
Figuring out where you should spend your advertising dollars is never an easy task. There are times when you seem…
Network hitches linger as slow Internet impacts banking, businesses
It appears there is no respite yet for consumers, especially those who make use of the Internet facility, as the…
Ecobank partners USAID, NIRSAL, DBN on agric funding
Ecobank Nigeria is opening up multiple partnerships with the United States Agency for International Development (USAID), Nigeria Incentive-based Risk-Sharing System…
FAAC Distribution Short of States’ Needs
The gross monthly payout by the Federation Account Allocation Committee (FAAC) to the three tiers of government amounted to N716bn…
Experts outline what SMEs must do to attract fund, investors in 2020
One of the challenges Small and Medium Enterprises (SMEs) have continued to face is access to funding. This has been…
Nigeria risks US travel restrictions as Trump set to expand blacklist
Nigeria might be included in a controversial list of seven countries that would face US travel restrictions when President Donald…