Dangote Group, Sundry Food Limited, Access Bank Corporation and United Bank for Africa(UBA) have vowed to continue to grow the nation’s economy through their various initiatives, while creating jobs in the process. The companies made the pledge while speaking as key sponsors of the Association of Business Editors of Nigeria …
Read More »Osinbajo Advocates Better Foreign Exchange Rate Management
Vice-President Yemi Osinbajo has canvassed for an effective synergy between the fiscal and monetary aspects of Nigeria’s economy, as well as better management of the country’s foreign exchange rate. This is just as the former President of Kenya, Uhuru Kenyatta, stressed the need for African leaders to carry opposition parties …
Read More »Nigeria Inflation Increases to 20.77%
The Consumer Price Index (CPI) which measures the rate of change in prices of goods rose to 20.77 per cent year–on-year in September compared to 16.63 per cent in September 2021, the National Bureau of Statistics (NBS) stated Monday. The NBS noted that the 4.14 percentage rise in the headline …
Read More »CBN restricts foreign banks from ‘banking businesses’
The Central Bank of Nigeria (CBN) has barred foreign banks operating representative offices in Nigeria from providing services designated as ‘banking businesses’ among other aspects of services. The apex bank disclosed this yesterday in its Guidelines for the regulation of representatives offices of foreign banks in Nigeria. The guideline, according …
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