Finance & Economy Category - Titanic Media


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China Load: Nigeria will pay back in 20 years – Amaechi

The Minister of Transportation, Rotimi Amaechi, has said that Nigerian government has the capability to pay back loans collected for the construction of rail projects

Naira depreciation continues, falls to N473/$ in parallel market

 The Naira depreciated further to N473 per dollar in early morning trades in the Lagos segment of the parallel market, according to platform of

Federal Govt records N1.46tn revenue deficit in Q1

 Gross federally-collected revenue fell by 36 per cent or N1.46tn below the quarterly budget estimate in the first quarter of 2020.The Central Bank of Nigeria

Banks limit debit card spending abroad as Nigeria’s FX crisis worsens

From this morning, Nigerian banks will suspend or reduce the amount their customers can spend abroad using debit cards, two of the banks have said,

Nigeria earned $206bn from oil in five years – OPEC

  Nigeria, Africa’s top oil producer, generated $206.06bn in revenue from crude oil exports in the last five years, the Organisation of Petroleum Exporting Countries has

Banks to place chronic loan defaulters on watch list

 the Central Bank of Nigeria on Monday released the guidelines aimed at reducing non-performing loans in the banking sector and monitoring chronic loan defaulters.The CBN

Naira trades at N381/$

The naira resumed trading on the official market at 381 to the dollar after no quotes for two straight sessions, as the central bank unified

Naira to depreciate further as demand gap widens

 The Central Bank of Nigeria (CBN) may be forced to further retract its defence and depreciate the naira as the apex bank increased the bid

Foreign reserves fell by $373.23m in June – CBN

 The country’s foreign reserves fell by $373.23m from $36.57bn on June 1 to $36.2bn on June 29, latest figures from the Central Bank of Nigeria

Stock market ends four-day decline, gains N22bn

 The gains recorded by Nestle Nigeria Plc, Cadbury Nigeria Plc and eight other quoted companies helped the nation’s stock market to halt its four-day losing