ECONOMY

• Releases numbers and email address for complaint of Forex The Central Bank of Nigeria (CBN) has reiterated its determination to sustain the provision of foreign exchange with a view to ensuring liquidity in the market and enhance accessibility and affordability for genuine end users. The apex bank’s acting Director,...

The International Monetary Fund (IMF) has urged the Federal Government to lift the remaining foreign exchange restrictions and scrap the system of multiple exchange rates in order to revive the nation’s economy. The member of the World Bank Group gave the recommendation on Thursday came in its regular assessment of...

The Federal Ministry of Finance on Thursday, announced details of members of the board and management of the newly licensed Development Bank of Nigeria (DBN). The management team is led by Mr. Tony Okpanachi, a banker and erstwhile Deputy Managing Director/Deputy CEO, Ecobank Nigeria Limited. Before his appointment as Managing...

The Central Bank of Nigeria (CBN), has directed all deposit money banks to immediately commence the sale of foreign exchange to their customers at not more than N360 to the dollar. The apex bank on Monday through its spokesperson, Mr. Isaac Okarafor, said all customers requesting forex for their basic...

Capital releases to Federal Ministries, Departments and Agencies (MDAs) for the 2016 budget, have reached a record N1 trillion, the highest ever budgetary releases in Nigeria’s annual funding for capital projects, Minister of Finance, Mrs. Kemi Adeosun has revealed. “So far, N1 trillion has been released on capital and this...

The Federal Ministry of Finance has come out with the details of whistle blower update as at 24th March, 2017 and disclosed that a total of 2,251 tips were received as at that date. According to a press statement signed by Festus Akanbi, SA Media to Honourable Minister of Finance,...

The International Monetary Fund (IMF) is expected to warn Nigeria its economy needs urgent reform, according to a report seen by Reuters that could delay talks over $1.4 billion in international loans. The Washington-based fund will urge Nigeria, a major oil producer, to introduce immediate changes to its exchange rate...

The House of Representatives on Thursday invited the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, and the Minister of State for Petroleum Resources, Ibe Kachikwu to appear before it on Monday, April 7. The House ad hoc Committee on the Review of Petroleum Pump Price, which issued the...

• Experts warn move will cause undue political interference • Senate invites Emefiele over intervention programmes • Minister says N6.8b stolen pension funds recovered • Explains how money in TSA will be spent The Minister of Finance, Mrs. Kemi Adeosun, yesterday asked for the reduction of the powers of the...

Federal Government, State Governments and Local Government Councils across the country collected a sum of N429.127 billion as Federal Allocation for the month of February, 2017 The communiqué issued by the Technical sub-Committee of Federation Accounts Allocation Committee (FAAC) at the end of the meeting held on Tuesday in Abuja...