All posts tagged "Featured"
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365Business NewsThe Five Hurdles to Africa’s Continental Free Trade Area
Last week marked five years since the African continental free trade area (AfCFTA) agreement entered into force on May 30, 2019, when...
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267Economy & MarketFG Proposes Reduction of Tax Collection Costs
The Presidential Fiscal Policy and Tax Reform Committee has proposed reducing tax collection costs to 1% and introducing daily disbursement of Federation Account...
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272Industry & MoneyCNG to Reduce Petrol Imports by $4.4b
Nigeria is going to reduce the importation of Premium Motor Spirit, popularly called petrol, by about $4.4bn annually by adopting the use...
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222Banking & FinanceCardoso Seeks Routine Disclosure of Debt Portfolios
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, yesterday called for routine disclosure of debt portfolios and borrowing activities....
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321Real EstateFederal Mortgage Bank Moves to Recover Delinquent Loans Nationwide
In a bid to recover its delinquent and non-performing loans, the Federal Mortgage Bank of Nigeria (FMBN), yesterday set up seven specialised...
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174Banking & FinanceFed Govt Offers ₦1b Business Loan at 9% Interest Rate
The Federal Government is offering loan facilities up to N1 billion at a nine per cent interest rate to businesses, including manufacturers,...
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144Local NewsExternal Reserves Fall by $1.8b in 10 Weeks –Report
Nigeria’s foreign exchange reserves have fallen by $1.8bn in 10 weeks, according to data from the Central Bank of Nigeria. As of...
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237Industry & MoneyCBN Clears $831m Foreign Airlines’ Trapped Funds –IATA
The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from...
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148Business News₦3.7tr Debt Threatening Our Operations –GenCos
The Power Generation Companies (GenCos) have stated that over N3.7trn debt owed to the companies is threatening their operations and failure to...
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197Banking & FinanceCentral Bank Revokes Licence of Heritage Bank
The Central Bank of Nigeria (CBN) has revoked the operating licence of Heritage Bank with immediate effect. CBN’s Acting Director, Corporate Communications,...
