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Three International Banking Services You Need – Femi Asu

Three International Banking Services You Need – Femi Asu

International banking is a type of banking that takes place across the borders. Individuals and companies use it to get favourable banking conditions in a global marketplace. For some banks, international banking is more or less a function within a department. But for many large banks with a global footprint, it is a department in […]

Adeosun – N3.9tn Of 2016 N6.1tn Budget Released Is For Capital Projects

Adeosun – N3.9tn Of 2016 N6.1tn Budget Released Is For Capital Projects

The Minister of Finance, Kemi Adeosun, has said that at the end of September 2016, N3.9 trillion out of the N6.1 trillion budgeted for the year has been released. Mohammed Dikwa, Director Special Projects in the ministry, who represented the minister, made the statement at a stakeholders’ forum on reducing the cost of governance in […]

Naira Appreciates More On Parallel Market

Naira Appreciates More On Parallel Market

Following the implementation of an arrangement that saw the intervention of Travelex in the Bureau De Change (BDC)  segment of the market, the naira continued its appreciation on the parallel market yesterday as it climbed to N468 to the dollar from N470 to the dollar the previous day. Also, the naira was calm on the […]

Naira Gains Further Against Dollar By 0.43%

Naira Gains Further Against Dollar By 0.43%

BusinessDay survey reveals that Naira yesterday gained against the dollar by N2 or 0.43 percent each at the Bureau De change (BDC) segment of the forex market and parallel market, and closed at N468/$ each at both markets. At the interbank spot market, the local currency closed stable at N304.75k against the dollar, data from […]

Return Our N43bn, Anambara State Gov. Tells Buhari

Return Our N43bn, Anambara State Gov. Tells Buhari

The President Muhammadu Buhari-led Federal Government was on Tuesday urged by the Anambra State Governor, Chief Willie Obiano, to refund the N43bn the state spent on the rehabilitation of federal roads. The governor said the reimbursement was necessary to facilitate the rehabilitation of more federal roads in the state, which were in deplorable conditions. The […]

Adeosun – FG Has Released N3.9tn Of 2016 N6.1tn Budget

Adeosun – FG Has Released N3.9tn Of 2016 N6.1tn Budget

Mrs. Kemi Adeosun, the Minister of Finance, said that the Federal Government of Nigeria has at the end of September 2016, released N3.9tn out of the N6.1tn budgeted for the year. The Director Special Projects in the ministry, who represented the minister, Mr. Mohammed Dikwa, a stakeholders’ forum on reducing the cost of governance in […]

FG Has Injected Over N2.419tn Into The Economy

FG Has Injected Over N2.419tn Into The Economy

According to its 2017-2019 Medium Term Expenditure Framework and Fiscal Strategy Paper, the Federal Government has injected over N2.419tn into the economy out of the total of N6.06tn budgeted for 2016. The figure covered recurrent and capital expenditures incurred as of the end of June this year. The recurrent expenditure alone, covering salaries, overheads, pensions, […]

FG Has Achieved 55% Of It’s Revenue – Udoma

FG Has Achieved 55% Of It’s Revenue – Udoma

At the on-going Nigeria economic summit group event in Abuja, the minister of budget and national planning, Udoma Udo Udoma said that the federal government has been able to achieve just 55 per cent of its revenues projection for the first half of 2016. According to the minister, “We have not been able to meet overheads including […]

Can The Rise Of Naira Really Be Sustained?

Can The Rise Of Naira Really Be Sustained?

The Central Bank of Nigeria (CBN) announced in January 2016, that it was restricting Bureau De Change (BDC) operators from accessing foreign exchange in order to reduce the pressure on Nigeria’s foreign reserves. The ban was reviewed through a circular issued by the CBN in July; the circular was titled, “Sales of foreign currency proceeds […]

Patronizing Nigeria-Made Products Will Bring Economic Growth – Buhari

Patronizing Nigeria-Made Products Will Bring Economic Growth – Buhari

On his remarks at the 22nd Nigerian Economic Summit in Abuja on Monday, President Muhammadu Buhari urged Nigerians to develop interest in made-in-Nigeria products. He said his greatest desire is to guide Nigeria to become an export-led economy, and there is no way to achieve this without building the right economic foundation of patronising made-in-Nigeria goods and services.  “My greatest […]

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