Professor Pat Utomi has criticized President Muhammadu Buhari for the statement he made in Kenya saying that he would not devalue the Naira. Prof. Utomi stated categorically...
First City Monument Bank (FCMB) has relieved 150 staff of their duties, a top official of the bank said on Monday. The official, who did not...
Nigeria has asked the World Bank and African Development Bank for $3.5bn in emergency loans to fill a growing gap in its budget in the latest...
Nigeria’s external reserves dropped to about $28.2 billion as at Friday January 29th 2016 according to data available on the website of the Central Bank of...
President Muhammadu Buhari declared late Wednesday in Nairobi that he was yet to be convinced that Nigeria and its people will derive any tangible benefit from...
The Federal Government is targeting an additional N66.1 billion revenue in 2016 from an imposed stamp duty of N50 on bank customers for money received into...
Central bank Governor Godwin Emefiele on Tuesday resisted calls — again — to weaken the currency despite a plunge in oil prices that’s slashed revenue in...
Contrary to insinuations in some quarters, the Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Timothy Oguntayo, has declared that deposit money banks (DMBs)...
The Central Bank of Nigeria (CBN) has introduced a maintenance fee on current account transactions, in a bid to generate revenue for deposit money banks. This...
LONDON Jan 21 (Reuters) – Ratings agency Standard & Poor’s reiterated on Thursday that Nigeria will have to devalue its currency, saying it expected this to...
The Cross River State Governor, Ben Ayade, has promised that his administration would not impose further taxes on the people of the state but would rather...
Kaduna State Governor Nasir El-Rufai yesterday announced state of emergency on revenue generation in the state. The State commissioner of Finance, Suleiman Abdu Kwari who disclosed...