Finance

Latest News on Finance
JAMB Faults NIN For Dip in Registration as Revenue Drops to N5.8bn
JAMB Faults NIN For Dip in Registration ...

JAMB Faults NIN For Dip in Registration as Revenue Drops to N5.8bn

The Joint Admissions and Matriculation Board, JAMB, has identified the introduction of the National Identification Number, NIN, into the registration process as a causative factor to the dip in revenue it generated from the sale of forms for the 2021 Unified Tertiary and Matriculation Examinations... read more »

Borrowing Is Good For Nigeria– Fashola
Borrowing Is Good For Nigeria– Fashola

Borrowing Is Good For Nigeria– Fashola

The Minister of Works and Housing, Babatunde Fashola, has defended the Nigerian Government’s resort to loans to expand infrastructure in the country. Fashola, who spoke to the News Agency of Nigeria, said that the country would not make meaningful progress without taking loans to boost... read more »

Naira Dips to Four-Year Low
Naira Dips to Four-Year Low

Naira Dips to Four-Year Low

Nigeria’s legal tender has dipped further to a four-year low in the parallel market after the central bank’s effort to prompt banks to sell more dollars to customers failed to address the widening difference between the official and black-market rates. Unlicensed dealers were exchanging the... read more »

 Post Title   Separator   Site Title   Post Title  Oyo State Govt Increases Corps Members Stipend to N15,000 from N5,000
Oyo State Govt Increases Corps Members S...

Oyo State Govt Increases Corps Members Stipend to N15,000 from N5,000

Governor Seyi Makinde of Oyo State has announced an increment in the monthly stipend of National Youth Service Corps, NYSC, members deployed in the state from N5,000 to N15,000. Makinde disclosed this on Thursday when he visited the NYSC permanent camp at Iseyin, Oyo State, to the excitement of the... read more »

The Central Bank of Nigeria, CBN, has further officially devalued the country’s currency to N410.25/$ after exhausting all options to maintain the value of the naira.
Inflation Looms as CBN Further Devalues ...

Inflation Looms as CBN Further Devalues Naira

The Central Bank of Nigeria, CBN, has further officially devalued the country’s currency to N410.25/$ after exhausting all options to maintain the value of the naira. Consequently, experts have expressed fear that the decision to chart the NAFEX Investor & Exporter forex window rate of... read more »

More from Finance

Presidency Explains Buhari's Absence at Late COAS Burial

Buhari Seeks Senate Approval for Fresh N2.3trn External Loan

The President, Major General Muhammadu Buhari (retd.), has asked the Senate to approve another N2.3trillion ($6.18bn) external loan. This is contained in a letter addressed to the Senate... read more »

Zenith Bank Records 4% Before Tax Profit In Q1 2021

Zenith Bank Records 4% Before Tax Profit In Q1 2021

Zenith Bank Plc has announced a Profit Before Tax, PBT, that shows an increment of 4% to N61.0 billion, from N58.8 billion recorded in March 2020, its unaudited results for the first... read more »

Why We Sacked First Bank Directors – CBN

Why We Sacked First Bank Directors – CBN

The Central Bank of Nigeria, CBN, has said that its decision to sack all the directors of First Bank of Nigeria Limited and First Bank of Nigeria Holdings Plc was in order to preserve the... read more »

CBN Questions First Bank for Sacking MD Without Approval  

CBN Questions First Bank for Sacking MD Without Approval  

The Central Bank of Nigeria, CBN, has questioned the Board of the First Bank of Nigeria for relieving Dr Adesola Adeduntan, the Managing Director/Chief Executive Officer, of his duties... read more »

Reps Guarantee Nigerians of Pay-per-view Tariff Implementation

Reps Guarantee Nigerians of Pay-per-view Tariff Implementation

The House of Representatives ad hoc Committee on pay-per-view tariff has guaranteed Nigerians of its resolve to implement payment commensurate with viewing hours on satellite service. The assurance... read more »