EIU predicts higher inflation in Nigeria in 2024
Nigeria is expected to continue facing economic instability in 2024 due to double-digit inflation, according to a report by the Economist Intelligence Unit (EIU). Other
Category : Finance
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N190bn unclaimed dividends: SEC to reduce trend with new portal
The Securities and Exchange Commission (SEC) has unveiled plans to create a new e-dividend portal that would help simplify the process of mandating accounts in
Tinubu secures multi-billion dollar infrastructure funding from Islamic Bank
President Bola Tinubu, on Monday night, in Mecca, Saudi Arabia, advanced negotiations concerning a multi-billion dollar infrastructure finance facility from the Islamic Development Bank to
20m Nigerians in diaspora remit $24bn yearly, says FG
The federal government yesterday acknowledged that over 20 million Nigerians in the Diaspora remit an average of more than $24 billion per annum. It also
CBN ways and means fuelled inflation, weakened Naira, says Sanusi
Former governor of the Central Bank of Nigeria, Muhammad Sanusi II, has said the apex bank’s lending to the federal government under the administration of
Naira slump persists despite 46% rise in dollar turnover
The amount of dollars traded on the Investor & Exporter forex window rose by 46.69 per cent to $123.25m on Monday. On Friday, the turnover
Eight firms lose N918.1bn to floatation of Naira
Eight firms have declared N918.1bn as currency revaluation loss following a 68.55 percent decline in the value of the naira against the dollar as of
ICAN reaffirms commitment to upholding high ethical standards
By Charles Okonji The Institute of Chartered Accountants of Nigeria (ICAN) has restated its commitment towards upholding the highest ethical standards, noting that it would
NDIC pays N1.3bn to 36,163 depositors, warns against patronising wonder banks
The Nigeria Deposit Insurance Corporation (NDIC) has urged Nigerians to stay away from patronising wonder banks and Ponzi schemes even as it has paid out
