Truth Is Treasure
The Central Bank of Nigeria (CBN) said the Banking Sector Gross Credit has grown by two trillion naira in seven months. The CBN Governor, Mr Godwin Emefiele disclosed this while briefing newsmen on the outcome of Monetary Policy Committee (MPC) meeting held in Abuja on Friday. Emefiele said that the gross
Read More
By Tony Obiechina, Abuja The Monetary Central Bank of Nigeria (CBN) on Friday raised the Cash Reserve Ratio (CRR) from 22.5 to 27.5 percent retaining the Monetary Policy Rate (MPR) benchmark at 13.5 percent. Governor of CBN, Mr Godwin Emefiele, announced this during a press conference at the end of
Read More
By Mathew Dadiya The African Export-Import Bank (Afreximbank or the Bank) has announced that existing shareholders, including the Federal Republic of Nigeria and the Arab Bank for Economic Development in Africa, have invested $200 million through Class A, B and C shares and $300 million in callable capital, bringing the
Read More
By Tony Obiechina, Abuja Nigeria has recorded an exponential growth of 15.02 percent in export in the last quarter of 2019, as against 8.97 recorded in Q’3, 2018. The positive attributed largely to the closure of the land border and placing of ban on some imported items by Central Bank of
Read More
By Tony Obiechina, Abuja The equities market on the Nigerian Stock Exchange, NSE ended Thursday’s session in the green as the All Share Index (ASI) gained 45 bases points, bps or 0.5 to settle at 29,591.29 points. The market activities halted the two days losing streak experienced in the market as
Read More
By Tony Obiechina, Abuja The Securities and Exchange Commission (SEC) said that it has stepped up efforts to encourage retail investors to invest in the capital market in a bid to Create wealth, deepen the market and grow the nation’s economy. Acting Director General SEC, Ms. Mary Uduk who spoke to
Read More
The Debt Management Office (DMO) has offered N155.00 Billion of three Instruments 5-Year, 10-Year and 30-Year Tenors to investors at the auction. The DMO made this known in a statement in Abuja on Wednesday. It explained that the subscriptions received through Competitive Bids for the three instruments at the Auction
Read More
By Mathew Dadiya, Abuja The Federal Government has revealed that several basic food items, locally manufactured sanitary towels, pads and tuition relating to nursery, primary, secondary and tertiary education have been added to the exemption list of goods and services on the VAT under the Finance Bill 2019, signed by
Read More
By Tony Obiechina, Abuja One of Nigeria’s first generation banks, Union Bank Nigeria Plc has announced that it has concluded plans to issue N20 billion Commercial Paper in its 3rd and 4th series of the programme. The announcement followed the successful registration of its N100 billion Commercial Paper (CP) 2018.The bank
Read More
The Creative Africa Exchange Weekend (CAX WKND), Africa’s first continental event dedicated to promoting exchange within the creative and cultural industry, kicked off in Kigali at the weekend with Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank) announcing a $500-million envelope to support the production and trade
Read More