Exit from Recession still Fragile, says CBN
The Monetary Policy Committee of the Central Bank of Nigeria stated that the 0.55 per cent Gross Domestic Product growth rate, which took the economy out of recession, was still fragile. The [...]
CAC Reviews Cost of Business Registration, says now Cheaper.
The Registrar-General, Corporate Affairs Commission (CAC), Mr. Bello Mahmud, stated in Abuja that the cost of business registration in Nigeria was now cheaper and its process simplified to enable [...]
CBN Retains Rates for Seventh Time on Inflation Concerns.
The Central Bank of Nigeria (CBN) yesterday, left the country’s benchmark Interest Rate unchanged at 14 per cent, alongside all the other monetary policy rates for the seventh consecutive time [...]
Investment in Telecoms Sector hits $70 Billion.
Despite the economic lull in the last 18 months, investments profile in the country’s Telecommunications sector is on the upward swing, as it hit $70 billion (N21.4 trillion) in August. This [...]
SMEs Funds: CBN, Banks Trade Blames Over Slow Disbursement.
The Central Bank of Nigeria (CBN) and lenders involved in the disbursement of N220 billion Small, Medium Enterprises (SMEs) funds to small businesses have traded blames over the slow pace of the [...]
Nigeria Disbursed N125m Loan to Small Businesses in Akwa Ibom – Osinbajo.
The Federal Government has disbursed N125 million as loans to Micro, Small and Medium Enterprises (MSME) in Akwa Ibom. The Vice President, Prof. Yemi Osinbajo, disclosed this at the Nationwide [...]
STOCK MARKET REPORT FOR SEPTEMBER 22nd, 2017.
A total turnover of 1.096 billion shares worth N17.859 billion in 16,070 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 896.618 million shares [...]
First, Nigerian Businesses were Hit by a Dollar Shortage, now there aren’t Enough Naira.
A recent article published by Bloomberg suggests that although the hunt for Dollar is in itself harmless, but on the long run has hunted the Nigerian Naira; First Nigerian businesses were hit by [...]
How Nigeria can Attract Capital for Infrastructure — Experts
To attract the local and foreign private capital needed for infrastructure financing, economic and financial experts have advised the Federal Government to review its policies in order to achieve [...]
Nigeria’s Inflation Drops for Seventh Consecutive Months to 16.01%.
The National Bureau of Statistics on Friday released the Consumer Price Index report, which measures inflation, with the rate dropping year-on-year from 16.05 per cent in July to 16.01 per cent [...]