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CBN Gov, Adenuga, Adebutu, 5 Govs, 4 ex-Govs, Akeredolu’s wife, Imam Abdullahi receive Tribune Platinum Awards on Dec. 10

AS part of activities marking the 70th anniversary of the African Newspapers of Nigeria Plc, publishers of the Tribune titles, some Nigerians who have distinguished themselves in public service and nation building will be conferred with Platinum Awards in Lagos, on Tuesday, December 10. Those to be honoured include Dr Mike Adenuga Jr; Chief Kesington […]

Dollar to Naira black market rate today Friday, 6th December 2019

Dollar to Naira black market rate today Friday, 6th December 2019 Naira fixed against dollars, gains against others Dollar to Naira black market rate today Friday, 6th December 2019 is N358/N360.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of last year. At a point last year […]

A Closer Look At Moody’s Report on Nigeria’s Ratings

Friday, December 06, 2019 / 07:25 PM / By Adesola Borokinni, Proshare Research / Image Header Credit: Wikipedia Moody’s Investors Service, one of the global credit rating agencies, in its most recent report, changed its outlook on Nigeria’s credit ratings to negative from stable. Moody’s affirmed its B2 long-term local and foreign currency issuer ratings, […]

Inflation may rise if borders are not opened – LCCI

Nigeria’s inflationary trend may move higher in the coming months if the nation continues to close its borders to its West African countries. This is according to the outgoing President of LCCI, Babatunde Ruwase.   He projected that the current 11.25% which was announced by the National Bureau of Statistics at the end of September 2019 may move higher in […]

Inflation may rise in coming months – LCCI

The Lagos Chamber of Commerce and Industry has warned that the nation’s inflationary trend may move higher in the coming months from the current 11.64 per cent as the nation continues to shut its borders to its West African neighbours. The National Bureau of Statistics at the end of October 2019 had announced that the […]

Cybersecurity Regulation In The Nigerian Fintech Industry – Fin Tech

Dissecting the Central Bank of Nigeria Risk-Based Cybersecurity Frameworks and Guidelines for Deposit Money Banks and Payment Service Providers. According to publicly available data, millions of dollars are lost to cybersecurity threats annually. However, official fraud reports from the Nigerian Inter-Banks Settlement Systems Plc (NIBSS) shows a much lower figure due to the attitude of […]

NBS Publishes 2019 Corruption in Nigeria Survey Report

Friday, December 06, 2019  10:00AM / NBS / Header Image Credit: NBS    Scope of bribery Bribery in Nigeria is slightly less prevalent than three years ago Out of all Nigerian citizens who had at least one contact with a public official in the 12 months prior to the 2019 survey, 30.2 per cent paid a bribe to, or were asked […]

Cotton producers move to recover N4 billion CBN loan 

The Cotton Producers and Merchants Association (COPMA) has announced that it is set to recover the N4 billion loan disbursed by the Central Bank of Nigeria (CBN) to cotton farmers. According to New Telegraph, the loan, which was disbursed under the Anchor Borrowers Programme (ABP) by CBN, was sent across cotton-producing states in the country. Speaking […]

CBN appoints new Director Currency Operations

Latest News Collins Nweze   THE Central Bank of Nigeria (CBN) has announced the deployment of Ahmed Bello Umar as the new Director, Currency Operations Department, with effective yesterday. Umar succeeds Mrs. Priscilla Ekwueme Eleje, who exited the bank  having reached the statutory retirement age. A statement signed by the Director, Corporate Communications Department, Isaac […]

Lagos Chamber of Commerce knocks economic growth rate

Muda Yusuf, LCCI boss …Warns of sustained inflationary pressure over border closure By Naomi Uzor At the backdrop of the recent Gross Domestic Products, GDP, reading of 2.3 percent for the third quarter 2019, The Lagos Chamber of Commerce and Industry, LCCI,  yesterday, said Nigeria’s economy is not growing fast enough to create opportunities for […]

Inflation may rise in coming months, LCCI warns – Punch Newspapers

…as new president emerges Samuel Awoyinfa The Lagos Chamber of Commerce and Industry has warned that the nation’s inflationary trend may move higher in the coming months from the current 11.25 per cent as the nation continues to shut its borders to its West African neighbours. The National Bureau of Statistics at the end of […]

External reserves drop by $4.9bn in nine months – Punch Newspapers

Ifeanyi Onuba, Abuja Between March and November this year, the country’s external reserves dropped by $4.99bn from $44.79bn to $39.8bn, the Central Bank of Nigeria has said. The $4.99bn according to data obtained from the CBN represents a decline of 10.65 per cent. Foreign exchange reserves are assets held in reserve by a monetary authority […]

Forex Intervention: CBN injects $323.5m, CNY 17.9m into Retail SMIS – Similar News

Forex Intervention: CBN injects $323.5m, CNY 17.9m into Retail SMIS – Similar News | noovell Forex Intervention: CBN injects $323.5m, CNY 17.9m into Retail SMIS – Related articles from other sources More news

What Moody’s B2 Ratings Negative Outlook for Nigeria MeansNaija247news

Moody’s Investors Service has today changed the outlook on the government of Nigeria’s ratings to negative from stable. Concurrently, Moody’s has affirmed the B2 long-term local and foreign currency issuer ratings, the B2 foreign currency senior unsecured ratings, and the (P)B2 foreign currency senior unsecured MTN programme rating. B2 Ratings Explained Moody’s decision to affirm […]