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CBN injects $543m, CNY 63m into Forex market
The Central Bank of Nigeria (CBN) has boosted the operations of the inter-bank foreign exchange market with about $543.22 million…
Nigerian banks record N1.6trn ATM transactions in three months
The National Bureau of Statistics (NBS) has revealed that transactions valued at N1.6 trillion were recorded in Q2 2018 by banks…
Banks’ lending to private sector declines by N600.60b in Q2 – NBS
The total loans granted by Nigerian banks to the private sector declined from N16 trillion in the first quarter of 2017 to N15.34…
Oil, manufacturing sectors got highest credits from banks in second quarter…
The oil and gas and manufacturing sectors got the highest credits from banks to the private sector at N3.45 trillion and N2.02…
Buhari to inaugurate $250 million brewery in Ogun
President Muhammadu Buhari is set to inaugurate $ 250 million dollars new brewery, International Breweries PLC (IB Plc), sited at…
Nigeria out of economic recession, now at recovery stage – NBS clarifies
The National Bureau of Statistics (NBS) on Monday restated that the country was out of recession.
The Head of Public Affairs and…
Buhari signs Accession to International Cocoa Agreement – Presidency
President Muhammadu Buhari has signed the Instrument of Accession to the International Cocoa Agreement, 2010.
According to a…
Why Nigeria is yet to recover from economic recession – NBS
The Statistician-General of the Federation, Yemi Kale, has revealed why the nation's economy is yet to recover from the 2016…
CBN orders banks to offer loans to agric, manufacturers at nine per cent
The Central Bank of Nigeria (CBN) will be refunding Cash Reserve Ratio (CRR) to banks that fund projects in agriculture and…
Osinbajo presides over NEC meeting
…Service Chiefs, IG, governors, others in attendance
The Acting President, Prof. Yemi Osinbajo, is currently presiding over the…