23.6 C
Nigeria
Monday, November 20, 2017
IMF raises concern over rising debt in Africa, calls for adherence to fiscal adjustment plans

IMF raises concern over rising debt in Africa, calls for adherence to fiscal adjustment...

The International Monetary Fund (IMF) has expressed concern over rising public debt in Nigeria and other African countries, calling for fiscal measures to arrest...
Nigeria’s inflation rate to fall to single digit in mid-2018, says CBN Gov.

How FX restriction on 41 items has boosted reserves, created jobs – CBN Governor

Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele, has said the forex restriction placed on 41 items hitherto imported into the country has...
Fidelity Bank restates commitment to growth of SMEs, non-oil sector

Fidelity Bank declares tenders for purchase of $255.5m

Fidelity Bank Plc on Thursday announced received valid tenders for purchase of $255.5 million principal amount of Notes pursuant to its tender Offer. The lender...
WEMA Bank holds EGM to embarks on capital reorganization

WEMA Bank holds EGM to embarks on capital reorganization

…says Shareholders remain unaffected   Wema Bank Plc has issued a notice of an Extra-Ordinary General Meeting (EGM), seeking the consent of its Shareholders in a...
Overnight rate drops 20% on expectation of liquidity squeeze

Overnight rate drops 20% on expectation of liquidity squeeze

The overnight lending rate on Thursday dropped to 20 per cent on expectation that a cash squeeze will ease after money market rates more...
Naira upholds 363/$1 for eight days at parallel market

Naira upholds 363/$1 for eight days at parallel market

…as NAFEX window records $252.56m   The Naira, on Thursday, closed at 363 per US Dollar, the same rate it has been trading for over one...
World economy remain stronger – IMF

World economy remain stronger – IMF

Ahead of world’s finance chiefs meeting in Washington DC, United States, the International Monetary Fund (IMF) on Tuesday said that the world’s economy so...
IMF expresses concern over Nigeria’s fragile economic growth

IMF expresses concern over Nigeria’s fragile economic growth

…predicts 0.8% growth in 2017   The International Monetary Fund (IMF) on Tuesday said Nigeria’s economic growth currently at 0.55 per cent (year-on-year) would remain fragile...
4 Nigerian sectors get $285.7m Forex injection

How CBN lifted Naira with $3.47bn in Q3 2017

As part of its continued effort in stabilizing and ensuring liquidity in the official foreign exchange market, the Central Bank of Nigeria (CBN) has...
Banks caution Nigerians against fraud, emergence of new MMM

Banks caution Nigerians against fraud, emergence of new MMM

As 2017 calendar year winding to an end, Deposit Money Banks (DMBs) operating in the country have warned Nigerians to be wary of fraud...