Nigeria loses about $18b annually to tax evasion, money laundering and other related offenses especially outside the country, according to the Civil...

Finance

Nigeria’s External Reserves Lose $178m in March- CBN

marineandeconomy - April 2, 2021 0

Nigeria’s foreign reserves lost $178m in March , according to statistics from the Central Bank of Nigeria . The reserves which stood at $34.99bn as...

Finance

Court Throws Out AMCON’s Ex-parte Order

marineandeconomy - November 30, 2020 0

Ovie Edomi Ahmed Kuru, AMCON CEO An Abuja Federal High Court has vacated an ex-parte order against Peace Global Satellite Communication network and its Managing Director,...

Finance

CBN Predicts Economic Recession ,Reduces Monetary Policy Rate

marineandeconomy - September 23, 2020 0

The Monetary Policy Rate (MPR) has been reduced by the Central Bank of Nigeria (CBN) , from 12.5 per cent to 11.5 per cent...

Finance

FG Gets N272.905 bn from ₦682.060bn FAAC Revenue

marineandeconomy - September 17, 2020 0

The ₦682.060 billion August 2020 federation account revenue has been shared by the Federation Accounts Allocation Committee (FAAC) to the Federal, States and Local...

Finance

FG Set to Again Revise Oil Benchmark Price to $20 over COVID-19

marineandeconomy - May 5, 2020 0

… as It Says Economy Will Contract by 3.4 % Due to the adverse implications of the COVID-19 pandemic on the economy, Nigeria’s Budget plan...

Finance

COVID- 19: CBN Stops Banks from Sacking Workers

marineandeconomy - May 4, 2020 0

Sequel to the decision of some banks to sack their workers due to the loss they are sustaining as a result of the outbreak...

Finance

CBN Scraps, Reduces Banks Charges

marineandeconomy - December 23, 2019 0

The Central Bank of Nigeria(CBN) has scrapped the controversial Card Maintenance Fee(CAMF) as well as slashed the Automated Teller Machine(ATM) charge as part of...

Finance

Reason IMF Is Backing Nigeria on Border Closure

marineandeconomy - October 21, 2019 0

Ahmed , Finance Minister The International Monetary Fund has expressed its support for Nigeria on the closure of its land borders because it understands that...

Finance

Full Text of President Buhari’s 2020 Budget Speech

marineandeconomy - October 8, 2019 0

PROTOCOLS I will start by asking you to pardon my voice. As you can hear, I have a cold as a result of working...

Finance

Buhari Presents 2020 Budget Proposal to National Assembly Today

marineandeconomy - October 7, 2019 0

The Presidency says the 2020 Appropriation Bill is to be presented to a joint session of the National Assembly (NASS) today, by President Muhammadu...

Finance

FAAC: FG, States, LGs Share N769.52bn for July

marineandeconomy - August 23, 2019 0

A total sum of N769.52 billion, was shared as federal allocation for the month of July, by the Federal Government, States and Local Governments...

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Finance

Despite Supreme Court Order, CBN Opens Portal for Deposit of Old Naira Notes

CBN Suspends Sales of FOREX to Bureau De Change Operators

FG Rules out Hike In Power Tariff, Despite Approval of PIP, CAPEX for Discos

World Book Day: NCC Canvasses Attitudinal Change to End Copyright Abuses

Minister Says Govt Did Not Print N60b to Support March Allocation to States

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