Latest from the Economic Confidential, the factual, authoritative and accessible economic magazine
CBN Introduces One Window Forex Structure
Following the introduction of a flexible exchange rate regime three weeks ago, the Central Bank of Nigeria (CBN) has unveiled the much anticipated guidelines paving the way for the one window foreign exchange structure.
FG Bars States From Bank Loans
The Federal Government has barred banks in the country from giving loans to state governments. The decision was taken in line with the Fiscal Sustainability Plan, FSP, which has been agreed to.
FG Releases N280bn to Six Ministries, 50 Agencies
The Federal Government has announced that it had so far released N280bn from the N350bn set aside for capital projects as contained in the 2016 budget. It will be disbursed to six ministries and over 50 agencies.
US Fund to Raise $2bn for Nigerian Infrastructure
United State fund manager, Pecora Capital, says it will raise $2bn over the next 18 months for Nigerian infrastructure projects, a rare show of investor confidence during a period of deep crisis in the country.
$12.9bn NLNG Dividends: NNPC Says Proceeds is in TSA
The Nigerian National Petroleum Corporation (NNPC) said that parts of the $12.9 billion dividends it received from the Nigeria Liquefied Natural Gas (NLNG) Ltd are now captured in the Treasury Single Account stationed at Central Bank of Nigeria.
Inflation Hits 80-Month High at 15.6% – NBS
The deregulation of the downstream sector of the oil industry, which resulted into an increase in the pump price of Premium Motor Spirit from N87 to N145 per litre has pushed the country's inflation rate to an 80-month high of 15.6 per cent.
FG Announces N90bn Bond for States
The sum of N90 billion has been announced for states by the federal government as part of its Fiscal Sustainability Plan (FSP) for the nation. Through the FSP, the sum of N50 billion for three months would be shared across all the participating States and then N40 billion for 9 months.
Sokoto Customs Nets N860m in Five Months
The Customs Area Command, which comprises Sokoto/Kebbi/Zamfara states has recorded unprecedented revenue generation strive by netting a total of N860,354,297 between January and May this year.
Single Currency by 2020 Feasible- ECOWAS
ECOWAS has said notable progress has been made in its plan to establish a single currency by 2020 and the adoption of a single biometric identity card for member states.
Delivering On The 2016 Budget Through Effective Tracking And Implementation
When President Muhammadu Buhari on May 6th signed the 2016 appropriation bill into law, it doused tensions and raised the expectations of most Nigerians that better days are ahead.
Read: http://economicconfidential.com/2016/06/delivering-2016-budget-effective-tracking-implementation/
With This Anti-graft Fight, Can Nigerians See A Better Tomorrow?
The issue of corruption in Nigeria is no longer news to anybody in the global community. As matter of fact, even unborn babies are aware of this in Nigeria mothers' womb.
IMF: Nigeria Opts For Home-grown Solution
When the IMF Managing Director, Ms. Christine Lagarde, visited Nigeria earlier in the year, she said only Nigeria can help herself out of her economic quagmire, because of her reliance on proceeds from crude oil.
North-east's Chad Basin And The Politics Of Oil Discovery
The windfall from oil initiated what should be appropriately described as "a curse" it instantly obliterated the middle class and extended the consumption pattern of the upper class, thus creating an illusion among the lower class.
Economic Downturn: Bad Loans Rise to N1.3tr
The economic situation in Nigeria has affected payment of banks' loans, with the non-performing loans, otherwise known as bad loans, jumping from around N600 billion, last year, to N1.38 trillion in April, 2016.
For more, please visit our websites:
Facebook: www.facebook.com/economicmagazine/
Twitter: www.twitter.com/economicng
No comments:
Post a Comment