News In : Economy   (Page 2)
  • IMF Cautions Nigeria on External Reserves Depletion
  • The International Monetary Fund has said Nigeria needs to be cautious about the use of its foreign exchange reserves, saying oil prices could decline at any time. The nation’s external reserves have been declining[...]
  • Date Posted:: 11/Oct/2018
  • IMF Cuts Global Growth Forecast to 3.7% for 2018, 2019
  • International Monetary Fund Economic Counsellor Maurice Obstfeld (R) and deputy director Gian Maria Milesi-Ferretti (L) answering questions during the World Economic Outlook press conference. Photo: AFP   An upswin[...]
  • Date Posted:: 09/Oct/2018
  • CBN, IMF, FMDA harp on Economic Reforms
  • The Central Bank of Nigeria (CBN), International Monetary Fund (IMF), and Financial Market Dealers Association (FMDA), were unanimous in calling for a rule-based financial system, compliance and support for the nation&rs[...]
  • Date Posted:: 04/Oct/2018
  • CBN, IMF, FMDA harp on Economic Reforms
  • The Central Bank of Nigeria (CBN), International Monetary Fund (IMF), and Financial Market Dealers Association (FMDA), were unanimous in calling for a rule-based financial system, compliance and support for the nation&rs[...]
  • Date Posted:: 04/Oct/2018
  • CBN injects $210m into Forex Market
  • The Central Bank of Nigeria has again intervened in the inter-bank foreign exchange market to the tune of $210m. Figures obtained from the CBN on Tuesday showed that the bank offered $100m to authorised dealers in the w[...]
  • Date Posted:: 19/Sep/2018
  • FG Transfers 21% Shares in the Mint to CBN
  • The Federal Government has transferred its 21 per cent shares in the Nigerian Security Printing and Minting Company to the Central Bank of Nigeria. Vice-President Yemi Osinbajo, who is the Chairman of the National Counc[...]
  • Date Posted:: 19/Sep/2018
  • Financial Strength of Insurers’ll Determine their operatio...
  • The Commissioner for Insurance, Alhaji Mohammed Kari, has said that the Tier-Based Minimum Solvency Capital policy of insurers will be used to classify business according to their present level of capital in relation to[...]
  • Date Posted:: 17/Sep/2018
  • FIRS Moves Against Multiple Taxes in LGs
  • As part of its moves to curb multiple taxes, the Federal Inland Revenue Service has urged local government autorities to recognise stickers presented to them from other regions in the country. It stated, “To avoid[...]
  • Date Posted:: 13/Sep/2018
  • External Reserves Drop by $1.2bn
  • The nation’s foreign exchange reserves fell by $1.2bn in one month, latest data from the Central Bank of Nigeria showed on Monday. The external reserves, which stood at $47.11bn as of the end of July, declined to[...]
  • Date Posted:: 04/Sep/2018
  • Halt Nigeria’s Rising Debt Profile
  • Across the developing world, particularly in sub Saharan Africa, the economies of these countries have been marked by significant vulnerabilities in recent times due to uncertainties in commodity prices and consequent fi[...]
  • Date Posted:: 27/Aug/2018
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