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
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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
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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
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By Tony Obiechina, Abuja The Federal Government, the 36 states and Federal Capital Territory (FCT) debt profile stood at N26.215 trillion as at September 2019, the Debt Management Office has said. The Office also said that the Federal Government was making plans to borrow about N1.5 trillion, this year, to enable it finance some key projects including
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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
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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
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By Mathew Dadiya, Abuja The International Monetary Fund (IMF), Trade Union Congress (TUC) and other financial analysts have expressed concerns over the plan being put in place by the Nigerian government to service the country’s rising debts. The Federal Government has plans to borrow about $30 billion and has earmarked N2.7trillion
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For the umpteenth time, President Muhammadu Buhari has the partial closure of Nigeria’s borders was not meant to punish Nigeria's neighbours, but to strengthen the country’s security and economy. Buhari who spoke at a meeting with a select group of the Nigerian Community in the United Kingdom,
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By Mathew Dadiya, Abuja President Muhammadu Buhari will depart Abuja Friday for London to participate in the inaugural UK-Africa Investment Summit holding on Monday, January 20, 2020. Hosted by the British Prime Minister, Boris Johnson, the event, according to the organisers, is expected to bring together African leaders, international business chief executives
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The Nigeria Customs Service said it has seized goods worth over N500 million from smugglers across the borders in Kwara from Aug. 20, 2019, to date. Mr Mohammed Garba, the Joint Border Operation Drill Coordinator in Charge of North Central States, Sector 3 Ilorin, announced this at a news conference
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