Finance & Economy - Page 256

Nigeria’s Economy To Grow By 2.6% In Second Quarter

FINANCIAL Derivatives Company (FDC) has predicted that Nigeria’s economy will grow by 2.6% in the second quarter of this year, up from 0.51% in the first quarter. Analysts at FDC, headed by

Editor

3 years ago

Finance & Economy·Top Stories

Bitcoin Rises Above $50,000

BITCOIN returned to above $50,000 on Monday for the first time in three months as investors stack back into the cryptocurrency on bargain-buying. The unit ascended around 2% to $50,249.15, its highest

Editor

3 years ago

Fayemi Debunks Report Of Alleged N4bn Fraud Case At EFCC

Finance & Economy·Top Stories

Governors Canvass 42% Of National Revenue For States

GOVERNORS have recommended that 42% of national revenue accruing to the Federation Account go to states and 35% to the Federal Government. Ekiti State Governor and Chairman of the Nigeria Governor’s Forum

Editor

3 years ago

Finance & Economy·Top Stories

Fintech Can Transform Capital Market – NGX CEO

THE Chief Executive Officer of the Nigerian Exchange Limited, Mr Temi Popoola, has said fintech companies have the potential to transform the capital market and effectively build a digital economy. He made

Editor

3 years ago

Finance & Economy·Top Stories

CBN Warns Microfinance Banks Against Selling Forex

THE Central Bank of Nigeria(CBN) has issued a warning to microfinance banks against performing activities that they are not permitted to indulge in, which includes wholesale backing and foreign exchange transactions. This

Editor

3 years ago

Finance & Economy·Latest News

Vertical Revenue Sharing Formula Will Be Reviewed By FG – RMFAC

THE Federal Government has said it will review the extant vertical revenue allocation formula to the three tiers of government in the country. The Commissioner, Revenue Mobilisation and Fiscal Allocation Commission, Alhaji

Editor

3 years ago

Finance & Economy·Top Stories

Federal Goverment’s August Bonds Oversubscribed, Says DMO

THE Debt Management Office says Federal Government’s bonds for August worth N150bn was oversubscribed by N210.02bn. The bonds were auctioned on Wednesday with a total subscription of N360.02bn received from investors, comprising N77.69bn

Editor

3 years ago

Currency·Finance & Economy·Top Stories

Facebook To Introduce Crypto Wallet, Novi

FACEBOOKon Friday announced that it would soon introduce its cryptocurrency wallet named Novi Digital Wallet, saying the wallet would be tied to the Diem Blockchain system. Facebook’s financial services chief and a

Editor

3 years ago

International Oil Firms Owe NDDC $4bn

OIL companies operating in the Niger Delta are owing the Niger Delta Development Commission (NDDC) over $4bn, the Federal Government has said. Minister of State for Niger Delta Affairs, Tayo Alasoadura, said

Kayode Shopekan

3 years ago

Finance & Economy·Top Stories

Four Arrested For Alleged Killing Of PoS Operator, Uber Driver

MEN of the Ogun State Police Command have arrested four people for allegedly killing a Point-of-Sale terminal operator, Abiodun Odebunmi, and Uber driver, Idowu Ademiluyi. After stealing N4m from Odebunmi, the suspects,

Editor

3 years ago

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Finance & Economy - Page 256

Nigeria’s Economy To Grow By 2.6% In Second Quarter

Bitcoin Rises Above $50,000

Governors Canvass 42% Of National Revenue For States

Fintech Can Transform Capital Market – NGX CEO

CBN Warns Microfinance Banks Against Selling Forex

Vertical Revenue Sharing Formula Will Be Reviewed By FG – RMFAC

Federal Goverment’s August Bonds Oversubscribed, Says DMO

Facebook To Introduce Crypto Wallet, Novi

International Oil Firms Owe NDDC $4bn

Four Arrested For Alleged Killing Of PoS Operator, Uber Driver

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