Forum

WorldStage Newsonline — The Federation Accounts Allocations Committee (FAAC) on Friday distributed  N649.198 billion to the three tiers of government as revenue for December 2018. Read more

The Central Bank of Nigeria on Wednesday issued banknotes fitness guidelines to commercial and microfinance banks to sustain public confidence in the nation’s currency. Read more

WorldStage Newsonline– The Monetary Policy Committee (MPC) of the Central Bank of Nigeria rose today from its first meeting for fiscal 2019 (21st and 22nd January, 2019) with decisions to keep the policy parameters unchanged from their current levels, Monetary Policy Rate (MPR) retained at 14 per cent; asymmetric corridor of +200/-500 basis points around […]

Central Bank of Nigeria (CBN) Governor Godwin Emefiele has warned that the Peoples Democratic Party (PDP) presidential candidate’s suggestion that the exchange rate should be free float is a recipe for disaster. Read more

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday cautioned the federal government on the sharp increase in the size of the nation’s external debt which rose by 109 percent to $21.6 billion as at September 30th 2018, from $11.28 billion on June 30th, 2015. Read more

The Asset Management Corporation of Nigeria (AMCON)  is  seeking new investors to take over nationalised lender, Polaris Bank after elections next month. It is also taking stock of the bank’s assets ahead of the sale, its spokesman, Jude Nwauzor, said yesterday.

Africa’s richest man, Aliko Dangote, said yesterday he would step up exports of cement and other commodities from Nigeria this year, as he focuses on foreign markets to boost sales and generate much-needed hard currency. Read More

Carlos Ghosn’s bail application was rejected again, even after the fallen car titan offered to wear an electronic tracker and be monitored by guards to end his custody that has now lasted more than two months. Read more

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has condemned what it described as the lingering anti-labour practice perpetrated by some indigenous oil companies operating in the country against their employees, especially Nigerian workers. Read more

Africa’s richest man, Aliko Dangote, said on Monday he expected to step up exports of cement and other commodities from Nigeria from this year as he focuses on foreign markets to boost sales and generate much-needed hard currency. Read more

9mobile has announced the appointment of Phillips Oki as its new chief financial officer. Read more

The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream. Read more

The Central Bank of Nigeria may increase the items on the foreign exchange restriction list from 42 to 50 in order to boost local production and stimulate the export market. Read more

The bulls remained in control of the stock market, lifting the Nigerian Stock Exchange (NSE) Al-Share Index (ASI) further by 0.4 per cent to close at 30,583.21, while market capitalisation added N45.7 billion to close at N11.4 trillion. Read more

The Central Bank of Nigeria (CBN) has launched the Revised National Financial Inclusion Strategy targeted to bring in 80 per cent of financially – excluded adults in the country into the inclusive net – access to banking and other financial services. Read more

More than five years after the nation’s power sector was privatised, 55 per cent of electricity consumers are still being subjected to estimated billing. Read more

  Inflation has eased in the economy both at the retail and wholesale level in the month of December 2018. The retail inflation for the month eased to an 18-month low to 2.2%, lower than CARE Ratings’ expectation of 2.9%. It was lower than 2.3% in the previous month and 5.2% in December 2017. Read […]

The Nigerian Stock Exchange has revealed plans to reduce the compliance burden on listed firms. Read More

The merger between Access  and Diamond Bank will achieve 12million BVN accounts or roughly a third of the total of the 36 million BVNs in Nigeria. Read more

The Global Optical Sorter Market report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement and governing factors in the market. Read more