Tag - Naira

  THISDAY Nigeria’s GDP Slows to 2.11% in Fourth Quarter as Oil Sector Contracts Nigeria’s real Gross Domestic Product (GDP) growth rate declined to 2.11 per cent in the fourth quarter of last year compared to 2.84 per cent in the third quarter, according to the National Bureau of Statistics (NBS).[Read More…] FG, States Mull Retreat …

  PUNCH IMF to help Nigeria trace looted funds The Managing Director of the International Monetary Fund, Christine Lagarde, said on Tuesday in Abuja that the organisation was willing to assist the Federal Government of Nigeria in plugging revenue leakages, tracing stolen funds and restructuring the tax system.[Read More…] Naira falls to 267.5 as dollar demand …

PUNCH Oil slump: Buhari meets IMF boss, Lagarde today The Managing Director, International Monetary Fund, Ms Christine Lagarde, on Monday arrived Abuja on a four-day working visit and has been scheduled to meet President Muhammadu Buhari to discuss some of the challenges facing the Nigerian economy.[Read More…] Labour ministry alerts Nigerians to recruitment scam The Federal …

PUNCH Nigeria to acquire two satellites from China for $701m Nigeria has opened talks with China for the financing and construction of two new communication satellites at a cost of $701m.[Read More…] Naira drops to 262 against dollar The naira weakened against the United States dollar at the parallel market on Wednesday. The local currency closed …

PUNCH Nigeria lost N1.7tn to crashes in 2014 – FRSC the Federal Road Safety Commission, Standard Organisation of Nigeria and other relevant agencies have concluded plans to reduce accidents on the roads beginning from April 2016.[Read More…] THISDAY NASD OTC Targets 300 Unlisted Securities to Trade in OTC Market The NASD Plc, the operators of the …

PUNCH CBN plans soft loans for one million graduates The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday announced that a low-interest loan scheme for one million young graduates would commence next year.[Read More…] Naira slides to 257 against dollar The naira fell to 257 against the dollar at the parallel market on Thursday. …

GUARDIAN Airtel’s $9Bn ‘Project Leap’ to Reinforce Network BHARTI Airtel has reportedly announced a $9.04 billion network expansion plan to drive mobile broadband access to villages and fixed broadband to towns across Asia and Africa over the next three years.[Read More…] ‘Why govt reduced MTN’s fine to N674b’ ALTHOUGH it got a major respite in its …

LEADERSHIP Dangote To Address Global Tech Start-ups Africa’s richest man and chairman of Dangote Group, Alhaji Aliko Dangote, will address a global audience at the 2015 edition of DEMO Africa on September 24-25, 2015, in Lagos, the chairman of the local organising committee (LOC), Yele Okeremi, has confirmed..[Read More…] Nigerian International Debt Fund To Pay …

DAILY INDEPENDENT CBN Orders Banks To Pay For Dollar Purchases 48hrs In Advance The Central Bank of Nigeria (CBN) on Thursday directed banks in the country to pay for their dollar purchases 48 hours in advance, as part of efforts to curb foreign exchange demand.[Read More…] FG Set For Forensic Audit Of NNPC, NIMASA, Customs, …

PUNCH CBN adjusts rate as naira falls to 244-The Central Bank of Nigeria on Thursday adjusted its exchange rate peg to N197 against the United States’ dollar from the N196.95 it set last week, data on the bank’s website showed.[Read More…] Banks extend loan repayment period for states-BANKS have resolved to extend the repayment period …