The Central Bank of Nigeria (CBN) says it has frozen the bank accounts of 15 firms over alleged textile smuggling. The unnamed companies flouted the federal government’s executive order 003,…
Read More CBN freezes accounts of 15 firms over ‘textile smuggling’
Nigeria’s Ngozi Okonjo-Iweala on Friday voiced confidence in her quest to lead the crisis-wracked World Trade Organisation after all of Africa backed her candidacy, vowing she would champion reform. “I…
Read More 79 countries endorse Okonjo-Iweala’s WTO candidacy
By our reporter| Nigeria’s Consumer Price Index (CPI) which measures inflation increased by 13.71 per cent in September 2020 in a yearly comparison. The September inflation figure is the highest…
Read More Nigeria’s inflation rate rises to 13.71%, highest in 30 months
Ebun Francis| The Central Bank of Nigeria has once again drawn the attention of the public to fraudulent messages and videos in social media circles requesting unsuspecting loan seekers and…
Read More CBN alerts public of fraudulent loan offers, investment Schemes
The International Monetary Fund (IMF) on Tuesday revised its 2020 gross domestic growth projections for the Nigerian economy. In its October World Economic Outlook report released in Washington, the IMF…
Read More Nigeria’s recession will not be as bad as earlier projected – IMF