Economy

CBN Warns Banks against Circulating Mutilated Naira Notes as Apex bank introduces clean note policy

This post was last updated on December 4th, 2019 at 05:36 am he Central Bank of Nigeria (CBN) counseled commercial banks to stopĀ  dispensing unfit naira notes either over the counter or through Automated Teller Machines (ATMs) after added a Clean Note Policy to put an quit to the regime of mutilated naira notes. Classifying …

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African Development Bank AfDB’s Investments in Nigeria now At $4.5bn

This post was last updated on December 4th, 2019 at 05:38 am The African Development Bank (AfDB) has revealed that it’s active portfolio in Nigeria rose to 60 operations with total commitments of $4.5bn. In a statement,the bank sad, these comprised 28 public sector operations with total commitments of $1.7bn (21 national and seven regional); …

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Nigeria Stock market index drops below 30,000bps experience huge losses

This post was last updated on December 4th, 2019 at 05:42 am Nigeria All Share Index of stock market has dropped below the 30,000 against the previous market reversed gains recorded. The top traded stocks by volume were Japaul Oil and Maritime Services Plc (92.3 million units), Access Bank Plc (27.5 million units) and United …

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Nigeria debt as a April,2019 stands at about N24.3tn- Still Sustainable,FG insists

This post was last updated on December 4th, 2019 at 05:40 am Nigeria debt as a April,2019 stands at about N24.3tn which is about 19 per cent to the Gross Domestic Product, but still low compared to Ghana, Brazil, South Africa, Egypt and Angola, revealed by Minister of Finance, Mrs Zainab Ahmed Zainab said that …

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