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Category: Economy

Economy

MPC calls for review of capital requirement of banks

Iheanyi Ejiofor February 21, 2020 No Comments MPC calls for review of capital requirement of banks

The Central Bank of Nigeria CBN-led Monetary Policy Committee, MPC, has advocated for a review of capital requirement of banks in the country. Folashodun Shonubi, deputy governor, operations directorate, CBN…

Read More MPC calls for review of capital requirement of banks
Economy headline

FG, States, LGs share N647.35bn for January

Iheanyi Ejiofor February 20, 2020 No Comments FGLGs share N647.35bn for JanuaryStates

The Federal, States and Local Governments on Wednesday shared a total of N647.35 billion for the month of January as the Federation Account Allocation Committee (FAAC) meeting ended in Lagos.…

Read More FG, States, LGs share N647.35bn for January
Business Economy headline

Show capacity or step aside for other investors, FG warns DisCos

Iheanyi Ejiofor February 20, 2020 No Comments #Show capacity or step aside for other investorsFG warns DisCos

Ebun Francis| The federal government on Wednesday asked electricity distribution companies (DisCos) in the country to either show they have capacity or step aside for other investors as government cannot…

Read More Show capacity or step aside for other investors, FG warns DisCos
Business Economy headline

Buhari appoints Pondei ss acting NDDC MD

Iheanyi Ejiofor February 19, 2020 No Comments

President Muhammadu Buhari has approved the enlargement of the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC), replacing Barrister Joy Nunieh with Professor Kemebradikumo Pondei, as Acting…

Read More Buhari appoints Pondei ss acting NDDC MD
Business Economy headline

Inflation rises to 12.13%, driven by increase in food prices

Iheanyi Ejiofor February 18, 2020 No Comments #Inflation rises to 12.13%driven by increase in food prices

By our reporter| The consumer price index which measures inflation rose to 12. 13 percent according to data from the National Bureau of Statistics (NBS) on Tuesday. According to the…

Read More Inflation rises to 12.13%, driven by increase in food prices

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