Nigeria’s economy doing poorly, says IMF

The International Monetary Fund (IMF) has cut the growth projections made for Nigeria to 1.9 underperformed from 2.1percent, saying the country’s economy is doing poorly.

Nigeria’s economy doing poorly, says IMF

… Cuts global growth to 3.7 % … Says there are clouds in the horizon *Economy may have under-performed, not poorly-Higo *IMF projection mirrored economy-Ezeagu By Emeka Anaeto & Emma Ujah, Bali Indonesia & Peter Egwuatu The International Monetary Fund (IMF) has cut the growth projections made for Nigeria to 1.9 underperformed from 2.1percent, saying […]

Developing Story: UBA secretly sacking staff without reason

Developing Story: UBA secretly sacking staff without reason

The United Bank of Africa (UBA) is secretly retrenching staff across Nigeria, a source disclosed to NAIJA CENTER NEWS on Monday. According to the information gathered, the Bank is expected to fire up to 500 staff. The source also disclosed that many have been secretly fired so far and the staff are scared and angry […]

Skye Bank to be called Polaris Bank as CBN revokes its Licence

Skye Bank would now be taken over by Polaris Bank, the Governor of Central Bank Godwin Emefiele disclosed during a press briefing in Lagos on Friday. 

Skye Bank to be called Polaris Bank as CBN revokes its Licence

Skye Bank would now be taken over by Polaris Bank, the Governor of Central Bank of Nigeria Godwin Emefiele disclosed during a press briefing in Lagos on Friday. The CBN revoked the operating license of Skye Bank PLC with immediate effect, and Polaris Bank bank would take over all the assets and liabilities of the […]

CBN Fines Four Banks N5.87bn over Illegal Forex Deals

The Central Bank of Nigeria, CBN has disclosed that it has placed sanction on four banks for N5.87 billion for "flagrant violation of extant laws and regulations of the Federal Republic of Nigeria, including the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, 1995 of the Federal Republic of Nigeria and the Foreign Exchange Manual, 2006"

CBN Fines Four Banks N5.87bn over Illegal Forex Deals

The Central Bank of Nigeria, CBN has disclosed that it has placed sanction on four banks for N5.87 billion for “flagrant violation of extant laws and regulations of the Federal Republic of Nigeria, including the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, 1995 of the Federal Republic of Nigeria and the Foreign Exchange Manual, 2006” […]

Ping-Express demands Wedding Certificate Before Sending Money – Customer says

A money transfer provider for the African diaspora Ping-Express demanded a wedding certificate from its customer before a transaction is concluded.

A money transfer provider for the African diaspora Ping-Express demanded a wedding certificate from its customer before a transaction is concluded. Ping Express was formed in December 2014 and launched its service in December 2015 to disrupt an industry dominated by existing players who offer a one-size-fits-all service. The company was created to allegedly provide […]

Nigeria Air: A ploy to siphon Billions of Naira – PDP mocks Buhari

The Peoples Democratic Party (PDP) has asked President Muhammadu Buhari and the Federal Government to perish the thought of trying to use the ‘unveiling’ of a nonexistent national carrier to beguile Nigerians now that election is around the corner, as such ruse cannot yield any dividend.

Nigeria Air: A ploy to siphon Billions of Naira  – PDP mocks Buhari

Says He Can’t Deceive Nigerians, PDP NIGERIAN AIR – The Peoples Democratic Party (PDP) has asked President Muhammadu Buhari and the Federal Government to perish the thought of trying to use the ‘unveiling’ of a nonexistent national carrier to beguile Nigerians now that election is around the corner, as such ruse cannot yield any dividend. […]

China asks Nigeria to expand exports into its vast market

China has asked Nigeria to expand exports into the country as it plans to import products and services worth more than ten trillion dollars in the next five years.

China has asked Nigeria to expand exports into the country as it plans to import products and services worth more than ten trillion dollars in the next five years. Nigeria is China’s third largest trading partner in Africa, trailing behind South Africa and Angola. In return, China imports billions of barrels of crude oil from […]

We are targeting zero import bill for food production – Buhari

President Muhammadu Buhari Thursday in Abuja said the Federal Government is already targeting a regime of self-sufficiency in food production and consumption, while radically cutting down on imports of agricultural products that depleted the country’s foreign reserve in the past.

We are targeting zero import bill for food production – Buhari

President Muhammadu Buhari Thursday in Abuja said the Federal Government is already targeting a regime of self-sufficiency in food production and consumption, while radically cutting down on imports of agricultural products that depleted the country’s foreign reserve in the past. Receiving Letter of Credence from the High Commissioner of Republic of Singapore to Nigeria, Mr […]

Nigeria is getting poorer – IMF

The International Monetary Fund (IMF) says Nigerians are getting poorer and that “coherent and comprehensive” economic reforms are urgently needed in the country.

Nigeria is getting poorer – IMF

calls for urgent and coherent economic policies The International Monetary Fund (IMF) says Nigerians are getting poorer and that “coherent and comprehensive” economic reforms are urgently needed in the country. The gross domestic product report released by the National Bureau of Statistics (NBS) on Tuesday showed that the economy recorded a growth of 0.83 percent […]

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