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Category: Economy

Economy headline

IMF worries over Nigeria’s capacity to repay N24.39tn debt

Iheanyi Ejiofor April 11, 2019 No Comments IMF worries over Nigeria’s capacity to repay N24.39tn debt

THE International Monetary Fund, IMF, on Tuesday, expressed worry over Nigeria’s ability to repay its foreign debt which had continued to rise. Though it said conditions were favourable for the…

Read More IMF worries over Nigeria’s capacity to repay N24.39tn debt
Economy headline

CBN defends position on agriculture financing, MSMEs

Iheanyi Ejiofor April 10, 2019 No Comments CBN defends position on agriculture financingMSMEs

The Central Bank of Nigeria (CBN), says it is directly involved in financing agriculture, infrastructure and Micro Small and Medium Enterprises (MSMEs) to ensure real growth in the economy. Mr…

Read More CBN defends position on agriculture financing, MSMEs
Economy

Zenith Bank shareholders task new MD on corporate governance

Iheanyi Ejiofor April 10, 2019 No Comments Zenith Bank shareholders task new MD on corporate governance

Zenith International Bank Plc shareholders on Wednesday urged the incoming Managing Director, Mr Ebenezer Onyeagwu, to improve on the bank’s corporate governance for sustainable growth and development. Mr Moses Igbrude,…

Read More Zenith Bank shareholders task new MD on corporate governance
Economy headline

Fuel scarcity paralyses activities in Port Harcourt

Iheanyi Ejiofor April 10, 2019 No Comments Fuel scarcity paralyses activities in Port Harcourt

RESIDENTS of Port Harcourt, the Rivers State capital, and its environs are currently experiencing fuel scarcity as long queues have returned to filling stations. Our correspondent observed that the scarcity…

Read More Fuel scarcity paralyses activities in Port Harcourt
Business Economy

Again, CBN boosts forex market with $210

Iheanyi Ejiofor April 9, 2019 No Comments

The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market in continuation of its sustenance of liquidity in that segment…

Read More Again, CBN boosts forex market with $210

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