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Economy

Latest Economy News

NDIC warns Public against Patronising Wonder Banks

The National Deposit Insurance Corporation (NDIC) has warned members of the public

FAAC Meeting ends Inconclusively

The monthly Federation Account Allocation Committee (FAAC) meeting on Wednesday ended inconclusively.

Economic Council Predicts Impending Recession, Warns Buhari

The Presidential Advisory Council has warned President Muhammadu Buhari about the possibility

Recession: Senate Moves To Remove Fuel Subsidy

The Nigerian Senate is currently deliberating a move to remove fuel subsidy

COVID-19: Economists applaud CBN’s Policy Measures

Some financial economists on Tuesday commended the Central Bank of Nigeria (CBN)

19 Ships Discharge Petrol, other items at Lagos Port — NPA

The Nigerian Ports Authority (NPA) on Monday said that 19 ships at

Italy approves €25bn COVID-19 Aid Package

The Italian Government on Monday approved a 25 billion euro (or 27.8

COVID-19: CBN reduces Interest Rates, rolls out other Interventions to Cushion Effect

The Central Bank of Nigeria (CBN) has announced reduction of interest rates

ITFC Ranks 2nd Globally and as well in EMEA as Islamic Finance Bookrunner and Mandated Lead Arranger

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic

Africa Fertilizer Financing Mechanism Launches $2.2 mill Project in Nigeria to Boost Fertilizer Supply to 200,000 Farmers

The Africa Fertilizer Financing Mechanism (AFFM) has kick-started a $2.2 million project

Asian stock markets plummet after U.S. Fed rate cut

Shares in Asia took a hit on Monday even after the U.S.

NDE trains 1,680 youths, women in Kaduna

The National Directorate of Employment (NDE) on Monday, said it had trained

FG urges SMEs to access BOI single Digital Loans to Enhance Business Growth

The Ministry of Industry, Trade and Investment, has urged Small and Medium

Market unfavourable for Naira devaluation -CBN

The Central Bank of Nigeria (CBN) says market fundamentals do not support

Foundation Trains 400 Traders on Digital Marketing in Kaduna

An organisation, Bintalya First Foundation, on Thursday in Kaduna graduated 400 market

China ups Credit support for Small Businesses amid Epidemic

The Chinese banking sector has beefed up financial support for small businesses

Dangote Loses N240b In Five Hours Due To Coronavirus

Africa’s richest man Aliko Dangote suffered a huge loss due to coronavirus

India’s Sensex Tanks over 2,700 Points over Coronavirus Fears Stockmarket

Indian stock markets on Thursday suffered their biggest ever fall in absolute

Aggregate Industry Credit Rises to N17.4 trn — CBN

The Central Bank of Nigeria (CBN) says the aggregate industry credit has

NSE Market Capitalisation drops Further by N656bn

Panic sell off continued on the Nigerian Stock Exchange (NSE) on Tuesday

Fidelity Bank Restates Support for Women-Owned Businesses

Fidelity Bank Plc has reaffirmed its readiness to assist women entrepreneurs in

Tumbling Oil Prices: NECA calls for urgent Action to Prevent Recession

The Nigeria Employers’ Consultative Association (NECA) has expressed concern over the tumbling

Investors lose N329bn on NSE, amid COVID-19 fear, Fall in Oil Price

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday

KDSG, PwC train 180 Officers on Risk-based Internal Audit

The Kaduna State Government in partnership with PricewaterhouseCoopers (PwC), a multinational professional services

Buhari, Emefiele, Ahmed, Others Meet Over Crude Oil Price Crash

President Muhammadu Buhari and other officials in charge of the finances of

Coronavirus: FG to cut down 2020 Budget as Buhari Constitutes Committee – Minister

President Muhammadu Buhari on Monday constituted a committee to assess the impact

COVID-19: Impact on Economy becoming Severe, Investment in Agriculture Key — CBN

The Central Bank of Nigeria (CBN), says the impact of COVID-19 on

I have no doubt in my mind that you will excel – Jonathan congratulates Okonjo-Iweala

Former President Goodluck Jonathan says he has no doubt that Dr. Ngozi

SON to Unveil Sealed Code to Detect Fake Products

The Standard Organisation of Nigeria (SON) says it has concluded plan to

2019: Access Bank posts N666.75bn Gross Earnings, Declares 40k Final Dividend

Access Bank Plc has posted gross earnings of N666.75 billion for the