As investor confidence and activities pick up in Africa’s largest economy following a successful and peaceful election, the Lagos Chamber of Commerce and Industry (LCCI), has called on the country’s apex bank (Central Bank of Nigeria) to relax monetary conditions to boost lending to the real
Recent findings has revealed that earlier plans to sell Keystone Bank Limited after the general elections will have to wait for the incoming administration of President-Elect, Muhammadu Buhari, before it can proceed, the Asset Management Corporation of Nigeria (AMCON) has said. Keystone is the last of three nationalised lenders to be sold after Mainstreet Bank […]
The Central Bank Governor, Mr. Godwin Emefiele, has called on the incoming administration of General Muhammadu Buhari (rtd), to consider selling off 30 percent of the Federal Government’s majority stakes in joint ventures with multinational oil companies. This is to shore up government finances and raise funding for infrastructure development. The suggestion is supported
The Central Bank of Nigeria (CBN) has moved to firm up the naira against the dollar. To this end, the apex bank yesterday unveiled a reduction on spending limits on foreign exchange with the Naira Mastercard. In a release made available to the Daily Times by GTBank, the new monetary policy unveiled by the Central […]
Mr. Akeem OlatundeAfolabi, a Senior Advocate, is an indigene of Offa town in Kwara state. He read law at the Usman Danfodio University, Sokoto and graduated in February 1994. Akeem, who had his Masters Degree (LL.M) at the Obafemi Awolowo University, Ile-Ife, Osun State was called to the Bar in March 1995. In this interview […]
Following the launch of the Youths Entrepreneurship Strategy in Oil and Gas Industry, 50 youths has been identified as beneficiaries of the N220 billion set aside for Micro Small Medium Enterprises (MSME) through the Central Bank of Nigeria (CBN) and are billed for entrepreneurship training. Daily Times gathered that part of the N220 billion set […]
The Independent National Electoral Commission in Anambra state has announced that the distribution of sensitive materials for Saturday’s election would commence on Thursday. This follows the movement of the materials to the INEC office from the Central Bank of Nigeria, Awka office where they had been deposited previously. Representatives of INEC, various leaders of
The leading opposition All Progressives Congress (APC) has alleged that President Goodluck Jonathan just two days ago withdrew a whooping N1.3trillion from the account of the Central Bank of Nigeria (CBN). The APC made this known on Thursday via its facebook account (www.facebook/ All Progressives Congress). The opposition party berated the President Jonathan
The Nigerian economy continues to be resilient against fiscal and investment instability, the latest disclosure by the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), shows that the economy has been hit by reversal of portfolio investments, resulting in a drop of Net Foreign Assets (NFA). The Monetary Policy Committee met on 23rd and […]
Tension is heightening in Enugu State, following an allegation that some members of the House of Assembly have secretly conceded to the fresh request by the outgoing government of Sullivan Chime to obtain N11 billion loan from a first generation bank purportedly for payment of debts owed to some government contractors. Concerned Citizens of Enugu […]
As part of its financial literacy campaign, the Central Bank of Nigeria (CBN) on Thursday educated secondary school students in the FCT on the importance of savings. The schools involved were Government Junior Secondary School Wuse Zone 3 and Government Secondary School Garki. Speaking in Abuja on the topic: “Growing Your Money”, the […]
