Reviews

IPPIS : Why CBN,NNPC,FIRS are not on our platform

The Integrated Personnel Payroll Integrated System says the Central Bank of Nigeria, Nigerian National Petroleum Corporation, Federal Inland Revenue Service and a few other agencies are not on their platform because they are revenue-generating entities. IPPIS further stated that these agencies do not draw their funding from the consolidated revenue account but may be enrolled […]

A Likely Return To The Eurobond Market By FGN In 2020

Wednesday, December 04, 2019   /09:29 AM  / By FBNQuest Research / Header Image Credit: Strategy.kz                                                                                      According to the newswires, the finance minister said on Monday that the FGN could tap the Eurobond market in early 2020 to cover any external financing gap left after its talks with concessional lenders. This would boost reserves and ease […]

Border closure and Ogun entrepreneurs – The Sun Nigeria

The decision of the Federal Government to shut the country’s land borders virtually brought some West African countries on their knees economically. That decision which was taken in view of some of the country’s neighbours deliberately circumventing the interest of Africa’s biggest economy, through their action and inaction, indirectly promoting smuggling into Nigerian territory made […]

Abiodun presents N449.97bn 2020 appropriation bill to Assembly – The Sun Nigeria

Laide Raheem, Abeokuta Ogun State Governor, Dapo Abiodun, yesterday, presented N449.974 billion as the budget proposal for 2020 before the House of Assembly. The appropriation bill, christened “Budget to Build Our Future Together,” according to the governor, was a reflection of his administration’s determination to deliver its electoral promises to the optimal level. The budget […]

Umahi Declares Support For FG’s Border Closure – :::…The Tide News Online:::…

Ebonyi State Governor, Chief David Umahi, has declared support for the Federal Government’s closure of the nation’s borders, commending President Muhammadu Buhari for his courage in taking the action.Umahi made the declaration last Monday at Onueke, headquarters of Ezza South Local Government Area of the State, while declaring open the Central Bank of Nigeria (CBN) […]

CBN’s Interventions Save N1.3trn Import Bill For Nigeria – :::…The Tide News Online:::…

Ebonyi State Governor, Chief David Umahi, has declared support for the Federal Government’s closure of the nation’s borders, commending President Muhammadu Buhari for his courage in taking the action.Umahi made the declaration last Monday at Onueke, headquarters of Ezza South Local Government Area of the State, while declaring open the Central Bank of Nigeria (CBN) […]

CBN’s intervention schemes save Nigeria N1.3trn import bill — Official

News that are related to the article vanguardngr.com: «CBN’s intervention schemes save … Naira appreciation: Uzodinma applauds CBN’s bullish …

Banking sector NPLs down, loans up

According to data from the Nigerian Bureau of Statistics (NBS), NPL ratio for the Nigerian banking sector was down 2.6ppts q/q to 6.7% in Q3 2019 from 9.3% in Q2 2019. On a y/y basis (Q3 2019 compared with Q3 2018), the sector NPL ratio was down 7.5ppts. Nevertheless, it remains above the CBN’s regulatory […]

Stakeholders express concerns over Arik Air, as AMCON allays fear 

Concerns have been expressed and mounted over one of Nigeria’s major airliner, Arik Air as stakeholders in the aviation industry have said that the airline might find it difficult to operate due to the financial issues the company is facing.  According to a reliable source who spoke to ThisDay, the management of the airline was finding […]

Nigeria, Russia seal deal on fertilizer production 

In a bid to end fertilizer importation in the country, the Federal Government has signed a deal with a Russian firm, known as Uralchem. The deal will require Russia to supply Nigeria potash – a very vital component used in producing fertiliser, thereby cutting down fertiliser imports to the country, according to Punch. The Details: […]

Financial Inclusion: Fintech firms got $400 million investment in 2019 – Emefiele

According to Punch, the Central Bank of Nigeria (CBN), through its governor, Mr Godwin Emefiele disclosed that this investment in fintech firms was …

Emirates Boeing 777 Seizure Ordered By Nigerian Court

Emirates Boeing 777 Seizure Ordered By Nigerian Court – Simple Flying […]

Lessons for Nigeria from Saudi Aramco

The Chinese National Offshore Oil Company (CNOOC) offered $50 billion (Fifty Billion USD) in 2009 to the Federal Government of Nigeria (FGN) for the acquisition of six billion barrels of proven crude oil reserves in Nigeria’s onshore and deep offshore portfolios. Nigeria rejected that offer; $50 billion for 6 billion barrels translated to about $8.33 […]

Falling reserves puts tight rein on Naira – The Sun Nigeria

Omodele Adigun As Nigeria’s foreign reserves fell to $39.83 billion last month, from October’s figure of $40.55 billion, there is anxiety that it may trigger Naira depreciation if something urgent is not done. Although, the custodian of the external reserves has given assurance that ‘no cause for alarm’ as “the naira-dollar exchange rate”, particularly, “at […]