Moody’s Investors Service has downgraded all the 9 Nigerian banks that it rates, saying the action follows from its downward review of Nigeria’s rating last week. The banks involved are…
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Category: Economy
Naira swap necessary ‘pain’ for Nigeria’s economy, says FG
Our reporter| Following the current hardship faced by Nigerians over the redesign of the new naira note, the Federal Government on Thursday expressed concern but describes the pain as transient.…
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Some assets owned by federal government are unknown, dead – MOFI
Some assets owned by the federal government are unknown, while others are “dead and gone”, The ministry of finance incorporated (MOFI), has said. MOFI is a corporation solely vested with…
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Kyari: Petrol scarcity not deliberate action to impact forthcoming elections
Our reporter| The petrol scarcity in the country is not a deliberate action to influence the forthcoming general elections, Mele Kyari, group chief executive officer (GCEO), NNPC Limited, has said.…
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CBN orders banks to commence payment of new notes over the counter
Our reporter| The Central Bank of Nigeria (CBN) has directed commercial banks to begin the payment of the new naira notes to customers over the counter. This is according to…
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