The Obajana Plant of the Dangote Cement Plc in Kogi state has commenced the training of youth in technical skills under the tutelage of technical units of Dangote Cement Transport, as part of its commitment to Corporate Social Responsibility (CSR).
Browsing: ECONOMY
The Chartered Institute of Bankers of Nigeria (CIBN) has commended President Bola Tinubu for unifying the Naira exchange rate to save the country from financial crisis.
The Association of Corporate Affairs Managers of Banks (ACAMB) has urged traditional financial institutions to embrace innovation and adapt in a changing environment to remain relevant.
The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate increased to 24.08 percent in July 2023.
The Debt Management Office (DMO) says it received a total subscription of N312.56 billion in its August, Federal Government of Nigeria (FGN) bond auction.
The big issue, Prof. Ekekwe lamented, was the borrowing of “$billions from US banks, and securing/collateralizing the loans with the national foreign reserves or other asset classes, without informing the Nigerian people and the National Assembly.”
A financial analyst, Dr Samuel Nzekwe, has called on Deposit Money Banks to further recapitalise, to meet the current rising inflation challenges in the country.
ASHENEWS reports that a former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu has accused the 9th National Assembly (NASS), and the Presidency of acquiescing in subverting the law mandating the apex bank to publish its periodic report.
A financial economist, Prof. Uche Uwaleke, has commended the Central Bank of Nigeria (CBN) for publishing the financial reports of the bank after seven years.
The Organisation of the Petroleum Exporting Countries (OPEC) has said the U.S. dollar index decreased by 1.6 percent month-on-month (m-o-m) in July, erasing gains from the previous period.