Nigeria: Capital Importation Falls 54% in Q2 2021
The total value of capital importation into Nigeria has fallen to $875.62 million in the second quarter (Q2) of 2021, according to the latest report by the National Bureau of
The total value of capital importation into Nigeria has fallen to $875.62 million in the second quarter (Q2) of 2021, according to the latest report by the National Bureau of
The International Monetary Fund (IMF) has revised upward its growth forecast for the Nigerian economy in 2022 by 0.3 per cent to 2.6 per cent compared to its earlier projection
The Chairman of Nigeria’s Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, on Tuesday said the private sector was responsible for over 60 per cent illegal
Tech giants have reported soaring profits as consumers upgraded their devices and sought cloud storage during lockdowns. Apple’s profits nearly doubled to $21.7bn (£15.6bn) in the three months to 30
The Central Bank of Nigeria (CBN) on Tuesday released a total of $200 million to all commercial banks in the country as part of efforts to meet dollar demand for
The share price of Oando Plc has since joined the Nigerian Exchange Limited’s top gainers with a 9.87 per cent increase in its share price from N3.97 on July 23,
The Central Bank of Nigeria (CBN) has banned sale of foreign exchange (FX) to Bureau De Change (BDC) operators in the country accusing them of illegal forex trading. Governor of
[bc_video video_id=”6265446989001″ account_id=”6116119081001″ player_id=”default” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” playsinline=”” picture_in_picture=”” max_width=”640px” mute=”” width=”100%” height=”100%” ] The Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR) at
Ecobank Transnational Incorporated (ETI) has recorded a 33.04 per cent increase in its profit before tax (PBT) in June, first half of the year 2021. In the bank’s unaudited financial
The five tier-1 banks in Nigeria gave out a total of N49.999 trillion (about $121bn) as loans and advances to their customers between January 2016 and December 2020, data compiled
The Nigerian National Petroleum Corporation (NNPC) has revealed that it sold a total of N2.106 trillion of refined products to Nigerians between February 2020 and February 2021, with petrol taking
A Federal High Court sitting in Abeokuta has granted an interim order restraining the federal government from taking over the unclaimed dividends of shareholders in the capital market estimated to
The recently opened Lagos Marriott Hotel Ikeja has officially announced the grand launch of its Isade Spa. The hotel’s ultramodern Spa facility reflects cutting edge Spa aesthetics within intuitively designed
Ahead of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) on Monday and Tuesday, the financial regulator has reiterated the resilience, safety and soundness of
The Central Bank of Nigeria (CBN) Thursday disclosed that its much-anticipated digital currency will be launched on October 1. CBN Director, IT Department, Mrs. Rakiya Mohammed, revealed this during a
The statutory payments made by the Nigerian National Petroleum Corporation (NNPC) to the Federation Account, a joint pool operated by the local, state and federal governments, declined by over 63
A report by the Economist Intelligence Unit (EIU), London, has predicted that the federal government might effect a 100 per cent rate increase in the Value Added Tax (VAT) from
Joshua Odebisi, Analyst with Vetiva Capital, spoke to the Global Business Report about Nigeria’s Department of Petroleum Resources saying post-subsidy petrol could climb to N1,000 per litre if alternative
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on Monday said the country was likely to make significant strides over the next three years in repositioning the
After over a two-week stalemate, the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+ on Sunday resolved to gradually add more inventory to the oil market,
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