Archives for MONEY MARKET - Page 85
Fed Govt spent $1.68b on food imports in 9 months
The Federal Government spent $ billion on food importation between January and September in 2021. This was contained in a Central Bank of Nigeria (CBN) report on sectoral utilisation…
Ecobank reiterates commitment to pan African Trade, AfCFTA
Ecobank has reiterated that it remains the partner of choice in Africa for export trade because of its unique positioning, wide network, pan African payment switch, settlement capabilities,…
Nigeria’s external reserves dips by $21.8m in 6 days as CBN strives to meet forex
CBN Governor Godwin Emefiele Nigeria’s external reserves dropped to $ following the withdrawal of $ by the Central Bank of Nigeria (CBN) earlier in the ; Data obtained from…
MAN Expresses Worry As FG Imposes New Tax On Soft Drinks
By Ngozi Onyeakusi---The Manufacturers Association of Nigeria (MAN) has warned that the Federal Government’s introduction of N10 excise duty per litre on all non-alcoholic, carbonated and sweetened beverages via the…
FG Assures Further Drop In Price Of Cooking Gas
Gas cylinder The Federal Government said it is working to ensure further reduction in the cost of Liquefied Petroleum Gas, popularly called cooking gas. It disclosed this while reacting…
FG spent $1.68bn on food imports in nine months – CBN
The Federal Government spent $ on food importation from January to September last year. The Central Bank of Nigeria disclosed this in a report on sectoral utilisation of…
Nigeria: FDI Records N714bn In 2021 Q3
The National Bureau of Statistics (NBS) has disclosed that Foreign Direct Investment (FDI) into Nigeria at the third quarter of 2021 recorded N714bn ($), an per cent increase when compared to…
2022 Inflation: Experts Warn Against Job Losses, Crimes, Business Shutting Down
By Ngozi Onyeakusi---Some experts have warned that the year 2022 might be a year of higher inflation if the government fails to address the factors driving high prices. They feared…
ADEDUNTAN: FIRSTBANK IS RESILIENT, STABLE AND BUILT FOR THE LONG HAUL
The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, last year saw his tenure extended as part of efforts to ensure the stability of…
Heritage Bank, LASG shows commitment to sport development
L-R: Alanamu Mustapha. Bronze Medal winner of N25K prize; Osagiede Thomas, Bronze Medal N25K; Ozena Utulu, the Ag Group Head, Corporate Communications; Oshinowo Gbenga, Gold Medal N100K and Akintewe…