The Nigeria Deposit Insurance Corporation (NDIC) alerts Nigerians that promoters of Ponzi Schemes and scammers, who promise stunning profits for investors, are aggravating poverty in the country. They do this by luring, trapping Nigerians and swindling them of huge amounts of money.
Browsing: ECONOMY
The Central Bank of Nigeria (CBN) will, in a few weeks, inject $10 billion into the foreign exchange (FOREX) market to clear its backlog as scarcity persists.
The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) says its members will join the Nigeria Labour Congress (NLC) in its two-day strike action.
The Fidelity Bank Plc has recorded N76.3 billion profit-before-tax, equivalent to 204.4% growth, for the first half of 2023.
The chairman of Heirs Holdings, and United Bank for Africa (UBA), Tony Elumelu, has denied a report that he is being considered by President Bola Ahmed Tinubu for the position of Central Bank of Nigeria (CBN) Governor.
President Bola Tinubu has ordered security agencies to recover over N577 billion disbursed to farmers as loans under the Central Bank of Nigeria (CBN)’s Anchor Borrowers’ Programme (ABP), THE WHISTLER has reported.
An economist, Prof. Akpan Ekpo, has called on the Central Bank of Nigeria (CBN) to take seriously the currency swap agreement with the Peoples Bank of China (PBoC) to reduce reliance on dollars for trade.
BUA Cement PLC, one of Nigeria’s foremost cement companies, said it recorded a 40 percent increase in its revenue within the last one year.
ASHENEWS reports that the Nigerian government has tasked the members of the Presidential Committee on Fiscal Policy, Tax Reforms to develop a robust roadmap that will transform the economy of the country.
Transcorp, and Dangote Sugar lead as the the Nigerian equities opened the last trading week of August on a positive note, extending gains from the previous session as investors continued to take positions on blue-chip firms.