Inflation rate at 18.72% smacks FG’s 11 reasons to believe recovery from recession
Less than three days after the federal government rolled out what it described as 11 reasons to show that recession is fading away, the National Bureau of Statistics (NBS) in its Consumer Price Index (CPI) report released on Wednesday in…
Ecobank inks investment financing deal with Afreximbank
Ecobank Transnational Incorporated, the parent company of Ecobank Group has consummated new Memorandum of Understanding with the African Export-Import Bank to drive investment financing. President of Afreximbank, Dr Benedict Oramah, in a statement Wednesday said that the collaboration would open…
Heritage bank, others still withholding MDAs fund meant for TSA
More than one year after, the federal government has once again decried the resistance of some money deposit banks (MDBs) in effecting complete compliance to the Treasury Single Account (TSA) regime by remitting all funds belonging to MDAs. Otherwise, the…
FG gives 11 reasons, claims economy on way out of recession
The Presidency on Tuesday announced that the nation’s economy which is currently in recession has started gradual recovery and growth. Details obtained from the 23rd newsletter published by the Presidency Office of Digital Engagement, and posted on the official website…
TSA compelled MDAs to close 20,000 bank accounts in banks, saves N4.7bn monthly
Government has revealed that since the commencement of the Treasury Single Account (TSA) in September 2015, money deposit banks who had been riding on the deep pocket deposits of Ministries, Departments and Agencies (MDAs) have lost not only the custody…
CBN refutes Mailafia’s claims, says less than 1% fake naira notes in circulation
Barely less than one week after a former deputy Governor of the Central Bank of Nigeria (CBN), Mr. Obadiah Mailafia had disclosed that the total percent of fake naira notes in circulation is in the region of 20 per cent,…
