FG borrows N716. 8bn through bonds in eight months

The Federal Government raised N716. 8 billion through bonds issued between January and October, the Securities and Exchange Commission (SEC) said on Friday. Dr Afolabi Olowookere, SEC Divisional Head, Research and Policy Management, Office of the Chief Economist, made the disclosure at 2018 SEC Journalist Academy in Uyo with the theme: The capital market More...

by Felix OLOYEDE | Published 1 week ago
By Felix OLOYEDE On Friday, November 30th, 2018
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Diamond Bank loses out of strategic rating: now a tier II bank

Uzoma Dozie, CEO, Diamond Bank Diamond Bank Plc has given up its international banking license and chosen to remain a national bank in line with a strategic overhaul of its business processes and vision. The bank More...

By Felix OLOYEDE On Thursday, November 29th, 2018
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FAAC disburses N788.13bn to FG, States, LGs for Oct

Minister of Finance, Zainab Ahmed The Federal Government, States and Local Governments, on Wednesday shared N788.13 billion as federal allocation for the month of October at the Federation Account Allocation Committee More...

By Felix OLOYEDE On Sunday, November 25th, 2018
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Economy plunges under Buhari

As major economic indicators record negative growth President Buhari By UCHE CHRIS When the economy rebounded in the second quarter of 2017 with a 0.89 percent growth after     being in recession for over More...

By Felix OLOYEDE On Thursday, November 22nd, 2018
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MPC retains interest rate at 14% for 28 months, despite inflation slowdown in Oct.

CBN Governor Godwin Emefiele The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Thursday maintained the Monetary Policy Rate ( MPR) (benchmark interest) at 14 per cent, which it has set More...

By Felix OLOYEDE On Thursday, November 22nd, 2018
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Osun launches 10-year devt plan

Governor Raufu Aregbesola of Osun State The Osun Government unveiled a 10-year development plan aimed at improving the economy of the state as well as human capital in Osogbo on Thursday Dr Olalekan Yinusa, the More...

By Felix OLOYEDE On Monday, November 19th, 2018
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Presidency, governors keep sealed lips over minimum wage

Nigerian Governors President Muhammadu Buhari and governors rose from a closed-door meeting over the controversial new national minimum wage without information on the settlement of the stalemate. The meeting which More...

By Felix OLOYEDE On Friday, November 16th, 2018
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Kano govt, FMBN collaborate on housing for workers

The Kano State Government is to collaborate with the Federal Mortgage Bank of Nigeria (FMBN) to address the state’s housing deficit. The State Deputy Governor, Dr Nasiru Gawuna, disclosed this on Friday when he More...

By Felix OLOYEDE On Friday, November 16th, 2018
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Oshiomhole says states can pay N30,000 minimum wage

Comrade Adams Oshiomhole, National Chairman of the All Progressives Congress (APC) has said that Nigerian government can afford living wage for workers, if stealing of public money is curbed. He said non-payment More...