Emefiele: We must tackle oil theft to build reserves, enhance naira stability
Governor, Central Bank of Nigeria, CBN, Emefiele has said that tackling the problem of oil theft is critical to building robust foreign exchange reserves and
Category : Finance
Get finance news daily at Business Intelligence, Africa. We bring you daily Financial Market Analysis & News, breaking news and headlines that cover information across the finance landscape.
About Finance News
Understanding the system of money, investments, and other financial instruments cannot be overemphasized. The knowledge of Finance will not only give you basic information on what is going on as regards investments and other financial instruments but also for tasks in your everyday life and business.
This is the major reason why we ensure we provide you with up to date info. on what is going on in the finance landscape.
Real estate, construction sectors contribute N20tn to GDP
Economic activities in the construction and real estate sectors contributed N20tn to the nation’s Gross Domestic Product in the first three quarters of 2022. This
Decline in oil, gas output hampers growth amid recession fears
Prevailing economic challenges, as reflected in the business environment and rising inflation, which is further compounded by poor oil production in the last three months,
Nigeria’s rising inflation consistent with global trend – Emefiele
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN) on Friday said the steady increase in headline inflation from 15.60 per cent in January to
Alleged breach of contract: Appeal Court sets aside N2.5bn judgment against Zenith Bank
The Court of Appeal, Lagos Division, has set aside the judgment of a Lagos State High Court, which ordered Zenith Bank to pay N2.5 billion
Nigeria’s GDP improves by 2.25% in Q3 – NBS
The National Bureau of Statistics (NBS), says Nigeria’s Gross Domestic Product (GDP) grew by 2.25 per cent in the third quarter of 2022 on a
Buhari unveils new naira notes as CBN insists on cashless economy
President Muhammadu Buhari on Wednesday officially unveiled the newly redesigned naira denominations of ₦1000, ₦500 and ₦200 introduced by the Central Bank of Nigeria (CBN).
DMO raises N3.3tr to fund 2022 budget deficit
The Debt Management Office (DMO) said it has helped the Federal Government raise N3.3 trillion from the domestic market to finance 2022 budget deficit. The
FG laments budget padding, recovers $1bn looted funds
The Federal Government on Wednesday said it recovered about $1bn in looted funds since the regime of the President, Major General Muhammadu Buhari (retd.) started
Excess Crude Account falls by 89% to $472,513
Nigeria’s excess crude account has declined by 89 per cent in the last eight years, moving from $4.1bn in November 2014 to $472,513 in the
