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External Reserves Drop Further, Lose $99Mn

The Nation’s Foreign Exchange reserves have declined further, losing $99Mn to close at $47.65Bn on Monday 28th of May 2018, latest data from the Central Bank of Nigeria showed on Wednesday, 30th [...]


Nigeria Designs First Framework for E-Government Coordination

Digital services in governance are no doubt very critical in delivering efficient and robust services to citizens. With the implementation of seamless e-Government system, time will be saved, [...]


Oil Price Falls to $74, Nigeria’s Exports Suffer

The International Oil benchmark, Brent crude, on Tuesday, 29th of May 2018 continued its biggest losing streak since February, falling below $75 per barrel. The downturn in Oil prices came on the [...]


Petroleum Sector Generates N12.132b Tax in Three Months

Nigeria’s petroleum sector contributed Value Added Tax (VAT) of N12.132 Billion during the first quarter of 2018, data from the National Bureau of Statistics (NBS) has shown. NBS said its first [...]


Naira Appreciates, Exchanges N363.5 per Dollar

The Naira yesterday appreciated to N363.5 per Dollar in the parallel market in response to measures introduced by the CBN over the weekend to boost Dollar supply. Meanwhile, Governor of the CBN, [...]



A total turnover of 1.372 billion shares worth N16.022 Billion in 21,099 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.457 billion shares [...]


Experts Seek National Data Protection Act as EU GDPR Takes Effect Today

Cyber security experts in Nigeria have urged regulatory authorities in the ecosystem to come up with a national data protection act to prevent organizations in the country from revenue loss and [...]


Nigeria’s Accelerating Growth Trajectory under Threat by Weak Bank Lending

As the Nigerian economy continues to accelerate, analysts have cautioned that weak Bank lending, especially to the real sector may derail projected growth trajectory. “The main challenges for [...]


Telecoms Firms Threaten Tariff Hike over CBN-Imposed Fee

Telecommunications companies have rejected a recent directive by the Central Bank of Nigeria (CBN) mandating Banks to impose 0.005 per cent levy on all electronic transactions, proceeds of which [...]


CBN Laments Idle Data at Banks, Tasks Fintech on Utilisation

The Central Bank of Nigeria (CBN) is worried about the non-utilisation of data at Banks, saying they are not being utilised adequately by the financial institutions. As such, the Apex Bank has [...]

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