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Category: Economy

Economy

Emefiele, Adeosun, Udoma,Enelamah meet to harmonise fiscal and monetary policies

Iheanyi Ejiofor March 19, 2017 headline

Desirous of monetary and fiscal collaboration in order to pull the Nigerian economy of the current crunch, economic management leaders from the Central Bank of Nigeria (CBN) and the Ministries…

Read More Emefiele, Adeosun, Udoma,Enelamah meet to harmonise fiscal and monetary policies
Economy

FOREX: CBN offers, receives bids for $100m

Iheanyi Ejiofor March 16, 2017 headline

The Central Bank of Nigeria (CBN) says it has offered and received bids for $100 million from authorized dealers in the interbank market to meet the requests of genuine customers.…

Read More FOREX: CBN offers, receives bids for $100m
Economy

Nigeria will soon get out of recession – World Bank

Iheanyi Ejiofor March 16, 2017 headline

Agency Report || The World Bank Group says Nigeria will soon recover from economic recession. Mrs Eme Essien-Lore, Country Manager, International Finance Corporation, a member of the group, made the…

Read More Nigeria will soon get out of recession – World Bank
Banks | Financial Institutions Economy Finance | Banking

Etisalat’s N42 billion debt to GTBank to be restructured – GTBank Boss

Iheanyi Ejiofor March 16, 2017 etisalatgtbankheadlinesegun agbaje

Guaranty Trust Bank Plc is currently exposed to a financial risk of N42 billion ($138 million) loan to Etisalat Nigeria. According to Mr. Segun Agbaje, Managing Director of GTBank, the…

Read More Etisalat’s N42 billion debt to GTBank to be restructured – GTBank Boss
Economy

CBN clears $150m FOREX forwards

Iheanyi Ejiofor March 15, 2017 headline

The Central Bank of Nigeria (CBN) on Wednesday, March 15, 2017, sold a total of $150 million to authorized FOREX dealers in the interbank at the highest bid rate of…

Read More CBN clears $150m FOREX forwards

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