AMINA HUSSAINI

Despite growing criticisms of its decision on cryptocurrencies, the Central Bank of Nigeria (CBN) says it will continue to protect the financial system from the activities of fraudsters, and the instrument which it describes as a "gambling…

The increasing activities of smugglers who bring in foreign food items are threatening the efforts to revamp the agriculture sector especially the rice sub-sector where 29 million jobs are involved, thereby putting the N3.4 trillion…

The Nigerian National Petroleum Corporation (NNPC), Thursday said an average supply of 745mmscfd of gas representing an increase of 8.60 per cent went to the power sector daily between October 2019 and October 2020. The supply, the…

African Export-Import Bank (Afreximbank) has supported Trans Niger Oil and Gas Limited with $250 million credit to acquire 45 per cent stake in OML 17 onshore oilfield. The $250 million credit makes Afreximbank the largest lender,…

Nigeria external reserves jumped to US$36.23 billion in January from the November 2020 figure of $34.94 billion representing N1.29 billion increase on the back of partial global economic and rally in the prices of oil. Most importantly,…

Despite the lockdown measures which hit earnings of companies in 2020, Value Added Tax revenue(VAT) from the different sectors of the economy increased, adding N35 billion to peak at N1.53 trillion from N1.18 trillion of 2019. Data from…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose Tuesday in opposition of another round of lockdown of the economy which will be disastrous for the nation despite the spike in the cases of the second wave of…

Following the sub-optimal performance of commodity exchanges in the country, President Muhammadu Buhari has approved the request of the Central Bank of Nigeria (CBN) for the restructuring of the trading platforms to international best…

The federal government said it has activated nearly 120 laboratories nationwide, of which 70 are publicly owned in measures to significantly ramp up COVID-19 testing and case management capacity in the country. Vice President Yemi…

Effective 1st April, only the newly revised bank cheques would be allowed in the clearing system and also accepted nationwide as the Central bank of Nigeria(CBN) extends the usage of the old instruments by another three months. The…