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Federal Executive Council, FEC, yesterday approved a three-year external borrowing plan. Minister of Finance, Kemi Adeosun, who disclosed this at a post-FEC briefing, said the loan would go to strategic […]
Former governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo, has expressed support for President Muhammadu Buhari’s emergency economic bill aimed at reviving the economy. In a mini-blueprint […]
Over 50 million bags of imported rice, worth about N1 billion, are now trapped in various warehouses in Cotonou, Benin Republic, since the Federal Government began implementation of the ban […]
The much expected Dangote Rice is billed to hit the market very soon as the management has commenced the harvest of its first tranche. Sources within the organisation said Aliko […]
The Body of Banks’ Chief Executive Officers on Thursday met in Lagos to review the current developments in the industry, especially issues around the ban imposed on nine commercial banks […]
Former governor of Central Bank of Nigeria (CBN), Prof. Charles Chukwumah Soludo yesterday said the economy is in deep trouble considering the reduction in per capita income and dwindling Gross […]
The Central Bank of Nigeria (CBN) has banned nine deposit money banks (DMBs) from its FOREX market following their failure to remit over $2.1 billion belonging to the Nigerian National […]
The 36 states of the federation and the Federal Capital Territory are indebted to the tune of N3.7 trillion, nearly two-third of their 2016 total budgets, making it nearly impossible […]
The Nigerian Bulk Electricity Trading Plc (NBET) and Central Bank of Nigeria (CBN) are currently negotiating new financial stimulus worth N180 billion to support electricity operators in Nigeria’s power sector, […]
The Federal Government says it has released N400 billion from the 2016 budget to implement capital projects and an additional N60 billion will be released in a few days time. […]
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