Category Archives: Economy

CBN raises forex market with $210 million

The Central Bank of Nigeria (CBN) has made available $210 million to meet customers’ requests in various segments of the foreign exchange market.According to figures obtained from the apex bank yesterday in its quest to meet customers’ needs in the various segments of the market, it offered $100 million to authorised dealers in the wholesale segment of the market while the Small and Medium Enterprises (SMEs) segment got $55 million. Full story

Source: http://guardian.ng/news/cbn-raises-forex-market-with-210-million/?utm_source=Guardian+Newsletter&utm_campaign=75c755cc25-Newsletter&utm_medium=email&utm_term=0_b799d7d8ad-75c755cc25-99238021

Posted by Hussaini Ali February 20, 2018

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‘FIRS generated N4 trillion taxes in 2017’

The Federal Inland Revenue Service (FIRS) collected record N4 trillion taxes last year, representing 82.38 per cent of government set target of N4.89 trillion. Full story

Source: http://guardian.ng/news/firs-generated-n4-trillion-taxes-in-2017/?utm_source=Guardian+Newsletter&utm_campaign=e6cc384e21-Newsletter&utm_medium=email&utm_term=0_b799d7d8ad-e6cc384e21-99238021

Posted by Hussaini Ali January 23, 2018

Pastor Adeboye predicts what will happen to Naira soon

The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye has predicted that Nigeria’s legal tender, Naira, will become a powerful currency in the world again. Full story

Source: https://nialslibraryblog.wordpress.com/wp-admin/post-new.php

Posted by Hussaini Ali November 7, 2017

Why we cannot disclose how states spent N388 billion Paris Club refund – Nigerian govt

The federal government has told the Federal High Court in Lagos that the record of spending of N388.304 billion London Paris Club Loan refunds by 35 “is protected by professional privilege, and therefore confidential.” Full story

Source: https://www.premiumtimesng.com/news/headlines/248404-cannot-disclose-states-spent-n388-billion-paris-club-refund-nigerian-govt.html

Posted by Hussaini Ali November 5, 2017

RenCap: Trans Forcados Pipeline Repair May Push Nigeria’s Oil Production to 2mbd

Analysts at Renaissance Capital (RenCap) have projected that the repair of the Trans Forcados Pipeline (TFP) will likely increase Nigeria’s production to about two million barrels per day (mbd). Full story

Source: https://www.thisdaylive.com/index.php/2017/05/18/rencap-trans-forcados-pipeline-repair-may-push-nigerias-oil-production-to-2mbd/

Posted by Hussaini Ali May 19, 2017

Nigeria loses N780bn to illegal activities of oil thieves daily – Don

Dr Dahiru Usman, a lecturer in the Department of Public Law, Bayero University, Kano, disclosed this in a paper he presented at the unveiling of the new NIPOST anti-corruption stamps in Kano on Thursday. Full story

Source: https://www.dailytrust.com.ng/news/general/nigeria-loses-n780bn-to-illegal-activities-of-oil-thieves-daily-don/196328.html

Posted by Hussaini Ali May 5, 2017

Nigeria out of recession by end of June, says Emefiele

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, yesterday assured Nigerians that the country would get out of economic recession latest by the end of June this year based on emerging positive economic indicators to that effect. Full story

Source: https://guardian.ng/news/nigeria-out-of-recession-by-end-of-june-says-emefiele/?utm_source=Guardian+Newsletter&utm_campaign=1b6bc2efae-Newsletter&utm_medium=email&utm_term=0_b799d7d8ad-1b6bc2efae-99238021

Posted by Hussaini Ali April 26, 2017