By Mustapha Hodi A seasoned industrialist, Alhaji Sa’idu Dattijo Adhama has called for the establishment of Cotton/textiles/garment, groundnut, and leather Development Commissions in northern Nigeria. Adhama, in an interview with a correspondent in Kano, said establishing the aforementioned commissions would help a lot in providing job opportunities to teeming youth in the […]
Category: Economy/Politics
Nigeria’s Inflation drops to 11.08% in July 2019
By Financescape The Nigerian Bureau of Statistics has released the consumer price Index July 2019 report. The consumer price index, (CPI) which measures inflation increased by 11.08% (year-on-year) in July 2019. According to the NBS report, This is 0.14% points lower than the rate recorded in June 2019 (11.22%). The Increase were recorded in all COICOP […]
SEC Publishes Registered Commodities Exchanges Warehouse Map
By Financescape Securities and Exchange Commission has published registered commodities exchanges warehouse map. Warehouses and storage infrastructure are necessary for the commodity sector and commodities futures trading. These storage facilities are critical to the entire agro commodities value chain for reduction in post harvest losses, quality maintenance, year-round supply of commodity raw materials […]
Nigeria’s inflation rate drops to 11.22%
By Financescape The Nigerian Bureau of Statistics has released the consumer price Index June 2019 report. The consumer price index (CPI) which measured inflation increased by 11.22% (year-on-year) in June 2019, This is o.18% points lower than the rate recorded in May 2019 (11.40%), the increase was recorded in all COICOP divisions that […]
NIPC Released Q2 2019 Report on Pioneer Status Incentive
By Financescape Nigeria Investment Promotion Commission has released a report on the Pioneer status incentive applications processed for Q2 2019 from 01 April to 30 June 2019. The report indicated that a total of 24 new PSI applications were received out of which 10 applications were granted approvals in- principle for the period. No application […]
CBN Limits Standing Deposit Facility Of Banks To N2bn Daily
By Hamisu B. S the Central Bank of Nigeria has directed that banks’ daily deposits placement through the CBN’s Standing Deposit Facility, shall no longer exceed N2 billion. In circular dated July 10, 2019 released on the CBN’s website titled “Re: Guidelines on accessing the CBN Standing Deposit Facility CBN stated that any deposit […]
DMO Releases Q1 2019 Public Debt Data – Marginal Increase of 2.3% in the Total Public Debt of the FGN, States and Federal Capital Territory Recorded
By DMO The Debt Management Office in its practice of publishing the Public Debt Data comprising the Domestic and External Debts of the Federal Government of Nigeria (FGN), the 36 States of the Federation and the Federal Capital Territory (FCT), has released Total Public Debt Data as at March 31, 2019. At ₦24.947 Trillion […]
Nigeria joins other of African countries in Signing AFCTA Agreement
On the sidelines of the 12th extraordinary session, African Union Heads of State and Governments meeting in Niamey, Niger President Muhammadu Buhari signed the African Continental Free Trade Agreement, on behalf of Nigeria. The Nigerian Government earlier decline to the signing of the initial treaty at the AU summit in Kigali, Rwanda. A committee was […]
Operation of mobile money wallets by deposit money Banks
By Hamisu B. S Operation of mobile money wallets by deposit money Banks The Central Bank of Nigeria (CBN) remains committed to deepening financial inclusion in line with its objective to achieve the national financial inclusion target of 80% by 2020. To complement the recent growth in agent banking services under the Super Agent […]
Regulatory measures to improve lending to the real sector of the Nigerian economy
Regulatory measures to improve lending to the real sector of the Nigerian economy In its efforts to further stimulate growth of the Nigerian economy through investment in the real sector, the Central Bank of Nigeria has announce new guideline. In a letter address to all Nigerian Banks, Central bank of Nigeria state that all deposit […]