archiveMarch 5, 2017

The Central Bank of Nigeria (CBN) has directed commercial banks to sell foreign exchange (forex) on medical bills and school fees to customers within 48 hours of filing a demand request. The Director, Financial Markets Department, Dr Alvan Ikoku in a signed circular to all commercial banks with reference number...

Nigeria is to restructure Bank of Agriculture (BOA) to facilitate farmers’ access to loans and encourage youths’ participation in farming. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, told the News Agency of Nigeria (NAN) in Abuja that the move was to encourage farming and boost food production....

The Federal Government has launched an Asset Tracking and Management Project (ATMProject), through which for the first time, the Government would be able to locate, identify, assess and evaluate all its moveable and immoveable assets, the Minister of Finance, Mrs. Kemi Adeosun, has announced. According to a press statement on...

Nigeria's trade balance turned positive in the fourth quarter of 2016 after exports rose by more than half, the National Bureau of Statistics (NBS) said on Saturday, the first positive reading since the same quarter a year ago. But the country’s economy shrank by 1.5 percent over the course of...

A civil rights movement, Concerned Citizens for Nation Building, on Sunday said the arrest and detention of the National Commandant of Peace Corps of Nigeria, Dickson Akoh, by the police, advising him to "proceed to court and claim N100 billion damages." The youth organisation criticised the garrison manner the police...