FG inaugurates panel to coordinate financial statistical data

27 SHARESThe Federal Government on Monday inaugurated a finance sectoral consultative committee for the effective coordination of statistical data in the Ministry of Finance and its agencies. The Permanent Secretary, Ministry of Finance, Dr. Mahmoud Isa-Dutse, inaugurated the committee at the headquarters of the ministry in Abuja. The membership of the committee is drawn from Read More

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CBN threatened to sanction any Deposit Money Bank found in breach of directive

24 SHARESThe Central Bank of Nigeria on Monday threatened to sanction any Deposit Money Bank found in breach of its earlier directive of March 3, 2017 instructing them to, among other things, open teller points for retail forex transactions and to have electronic display boards in all their branches, showing rates of all trading currencies. Read More

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FG to provide insurance cover for ranch operators

18 SHARESThe Federal Government on Tuesday said it would provide insurance cover and agro-rangers for ranch operators to curb cases of cattle rustling as well as clashes between farmers and herdsmen. Vice President Yemi Osinbajo said this in Abuja at a national conference on the transformation of the livestock industry. Osinbajo, who was represented at Read More

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FG approved N20bn for the settlement of the 2017 export claims.

19 SHARESThe Executive Director/Chief Executive Officer, Nigeria Export Promotion Council, Olusegun Awolowo, on Thursday in Kano, stated that the Federal Government had approved N20bn for the settlement of the 2017 export claims. At a stakeholders’ forum on the revised guidelines on the Export Expansion Grant, Awolowo stated that the review of the scheme by the Read More

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Despite Nigeria exiting recession equities market closed in the red on Tuesday

14 SHARESDespite Nigeria exiting recession on Tuesday, the equities market closed in the red, shedding N35bn. On the release of the second quarter Gross Domestic Product data, the market opened this week’s trading with a loss as Seplat Petroleum Production Company Plc, Julius Berger Nigeria Plc, Lafarge Africa Plc, Cadbury Nigeria Plc and Total Nigeria Read More

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Central Bank of Nigeria on Tuesday injected $250m into foreign exchange market

28 SHARESThe Central Bank of Nigeria on Tuesday injected $250m into the various segments of the inter-bank foreign exchange market, in order to lift the naira against other major currencies. Figures obtained from the CBN indicated that the Retail Secondary Market Intervention Sales segment of the market received the highest intervention with a total of Read More

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