IMF advised diversification as Nigeria spends 60% of revenues in debt service

IMF advised diversification as Nigeria spends 60% of revenues in debt service

INTERNATIONAL Monetary Fund (IMF) says that Nigeria and other sub-Saharan countries need to implement fiscal consolidation plans as economic diversification offers a path to growth. Senior Resident Representative and Mission Chief for Nigeria (Africa Department) [...] The post IMF advised diversification as Nigeria spends 60% of revenues in debt se...
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Nigerian Export: NCEP targeting $28.8bn on 10 products annually

Nigerian Export: NCEP targeting $28.8bn on 10 products annually

THE National Committee on Export Promotion (NCEP) in a bid to ease the dependence of Nigeria on crude oil as a major source of foreign earning has selected ten (10) products under its implementation framework [...] The post Nigerian Export: NCEP targeting $28....
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Mastercard Partners with Spazapp to Bring Mobile Payments to Informal Traders

Mastercard Partners with Spazapp to Bring Mobile Payments to Informal Traders

Mastercard is collaborating with Durban-based tech company Spazapp, to bring secure, seamless and convenient mobile payments to thousands of informal traders and convenience stores, better known as spaza shops, in South Africa. By combining their expertise a...
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Fayose condemns Buhari’s support for el Rufai’s planned sack of teachers

Fayose condemns Buhari’s support for el Rufai’s planned sack of teachers

Ekiti State Governor, Mr Ayodele Fayose has condemned President Muhammadu Buhari’s support for the Kaduna State Government’s planned sack of about 22,000 teachers that purportedly failed competency test conducted by the State Government. The governor [...]...
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Customer wins car in Diamond Western Union promo

Customer wins car in Diamond Western Union promo

DIAMOND Bank customer, Patrick Anyatonwu, has emerged star prize winner of the just concluded ‘Western Union Back to School Promo” held at Diamond bank, Awolowo road Ikoyi branch. He was rewarded with a brand new [...] The post Customer wins car in Diamond...
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Profit taking dips equities indices by 0.96%

Profit taking dips equities indices by 0.96%

THE Nigerian Equities market succumbed to profit-taking today as the bourse dropped by 0..96 per cent to close at 36,953 points from a previous close of 37,312.28 points. Market capitalisation similarly declined to close at [...] The post Profit taking dips eq...
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CBN’s injection of $195m into forex market strengthens naira

CBN’s injection of $195m into forex market strengthens naira

CENTRAL Bank of Nigeria has on Monday continued its sustenance of foreign exchange liquidity in the market by injecting another $195 million through the inter-bank segment. The action helped the currency to maintain its strength [...] The post CBN’s inje...
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FG faults Moody’s downgrade of Nigeria, says economy on rebound

FG faults Moody’s downgrade of Nigeria, says economy on rebound

The Federal Government has faulted the latest Moody’s rating which downgraded Nigeria from a B1 stable to B2, saying it does not reflect the positive trend in the economy. “Since Nigeria was last rated by [...] The post FG faults Moody’s downgrade of Nig...
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CBN targets additional 300,000 farmers in expanded Anchor Borrowers’ Programme

CBN targets additional 300,000 farmers in expanded Anchor Borrowers’ Programme

CENTRAL Bank of Nigeria (CBN) has formed strategic partnerships with agricultural commodity associations in the country in its effort to expand the implementation of the Anchor Borrowers’ Programme (ABP). Disclosing this in Abuja on Wednesday, [...] The post...
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AfDB lauds Nigeria’s efforts on economic recovery and diversification

THE African Development Bank (AfDB) has lauded the Federal Government on its resolve to ensure economic growth and diversification. The commendation was given by AfDB Nigeria Senior Director, Ebrima Faal, who represented the bank’s President, [...] The post ...
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