archive2018

  CBN may now cut lending rate The National Bureau of Statistics (NBS) said on Thursday that the country’s Consumer Price Index which measures inflation trend came down to 13.34 per cent (year-on-year) for the month of March 2018. According to the bureau’s report, the 13.34 per cent rate for...

  The Nigerian Stock Exchange (NSE) extended gains to the second session as the NSE All Share Index (ASI) rose 0.9 per cent to close at 40,846.24 points. As a result, market capitalisation stood at N14.8 trillion as investors gained N125.4 billion in value while Year-To-Date return strengthened to 6.8...

    Says beneficiaries must be made public BudgIT has expressesed dismay at the lack of accountability and transparency by the Federal Government and the Nigerian National Petroleum Corporation (NNPC) on the amount spent on subsidy in 2016, 2017 and the first quarter of 2018. According to Budgit in a...

Lagos Chamber of Commerce and Industry (LCCI) will honour excellence in business at its 2018 Commerce & Industry awards. This year’s edition slated for May 1, 2018, in Lagos is the 5th in the series and according to LCCI it will be an improved edition and hopes to attract major...

The World Bank on Wednesday called for stronger regional collaboration to help develop carbon markets in Africa. World Bank’s Programme Manager of Carbon Markets and Innovation Venkata Putti, said individual countries in the continent were unable to develop their own systems due to low mission profiles. “Carbon markets and pricing...

  Ghana’s economy grew by 8.5 per cent in 2017 – the fastest rate in five years – mainly due to increased oil and gas production, the country’s statistics office said on Wednesday. The office noted in a statement in Ghana that the West African nation recorded economic growth of...

  President Muhammadu Buhari has approved the extension of the Voluntary Assets and Income Declaration Scheme (VAIDS) to June 30. The approval for the extension of the deadline is contained in a statement issued by the President’s Special Adviser on Media and Publicity, Mr Femi Adesina, in Abuja on Wednesday....

The Chairman, Senate Committee on Local and Foreign Debts, Mr. Shehu Sani, says his committee is yet to receive any letter from the Presidency to the Senate on the $2.5 billion Eurobond. Sani told News Agency of Nigeria (NAN) in Abuja on Tuesday that though the committee had not been...

Gains resurfaced on the Nigerian bourse on Tuesday, albeit marginally, as the market All-Share Index (ASI)  inched higher by 0.17 per cent to 40,499.04 points, owing to renewed interests in industrial goods stocks. Accordingly, the Month-to-Date loss dipped to 2.42 per cent, while the Year-to-Date gain improved to 5.90 per...

  The Nigerian Communication Commission ( NCC ) and the Central Bank of Nigeria ( CBN ) on Tuesday in Abuja signed a Memorandum of Understanding ( MoU ) on payment system. Prof. Umar Danbatta, the Executive Vice Chairman of NCC, said the signing of the MoU between NCC and...