Finance articles

CBN retains 14% interest rate

CBN retains 14% interest rate

The Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) otherwise known as interest rate at 14 per cent. The apex bank disclosed this at the end of its Monetary Policy Committee (MPC) meeting in Abuja. Addressing journalists on the outcome of the meeting, the CBN Governor, Godwin Emiefele, said following

Dollar crashes to N380/$1 as MPC meets

The dollar yesterday recorded its worst outing in more than three months against the naira, exchanging at N380/$1 in the parallel market. The rate comes ahead of tomorrow’s Central Bank of Nigeria (CBN) led Monetary Policy Committee (MPC) meeting in Abuja. The local currency was exchanging at N385/$1 on Friday and has maintained steady decline

Osinbajo can assent to 2017 budget, Enang makes u-turn

The Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang, has said the Acting President has the powers to assent to the 2017 budget. Enang told State House correspondents that the Acting President has the constitutional power to assent to the bill once he is satisfied with the content, shortly after

Breaking: Osinbajo receives 2017 budget

Acting President Yemi Osinbajo on Friday received the 2017 budget passed by the National Assembly last week. The Senior Special Assistant to President Muhammadu Buhari on National Assembly Matters (Senate), Mr. Ita Enang in a closed door session presented the document to Osinbajo at the Presidential Villa, Abuja. The budget first presented in December 2016

Start 2018 budget process early, FG advised

Lead Partner, BudgIT, Mr. Oluseun Onigbinde, has called on the Federal Government to begin early the process of the 2018 budget, to avoid delay in its implementation. Onigbinde gave the advice in an interview with the News Agency of Nigeria in Abuja on Thursday. BudgIT is a civil society organisation that advocates open data, accountability and transparency

Buhari Will Sign 2017 Budget Says Ita Enang

The Senior Special Assistant to the President on National Assembly Matters, Mr Ita Enang has said that the President, Muhammadu Buhari will assent to the 2017 budget. He explained that the President will sign the budget and then transmit it to the acting President for other formalities to take place. “The President will assent to the budget,

N13 billion Ikoyi money: EFCC takes over NIA’s bank accounts

The Economic and Financial Crimes Commission on Friday took charge of bank accounts operated by Nigeria’s foreign intelligence service, the National Intelligence Agency, the latest in a string of measures against the NIA in the wake of last month’s discovery of N13 billion in a Lagos apartment. The cash – comprising $43.5 million, £27,800 and

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