Cardoso, Oyedele sign Monetary-Fiscal policy coordination MOU
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance have signed a Memorandum of Understanding (MOU) on Monetary-Fiscal Policy Coordination to strengthen their partnership in the pursuit of stronger macroeconomic management, lasting economic stability and sustainable prosperity for all Nigerians. The Governor of the CBN, Mr. […]
NSE market capitalisation rises by N29bn
The market capitalisation of Nigerian Stock Exchange (NSE) rose by N29 billion on Tuesday following rekindled investors’ confidence.
Buhari presents N8.612tn budget of Consolidation
PRESIDENT Muhammudu Buhari Tuesday presented a budget proposal of 8.612 trillion naira for the 2017 fiscal year, which represents 16 percent increase of the 7.298 trillion Naira of 2017.
Low debt-GDP ratio not sole determinant of borrowing capacity — Afrinvest
FINANCIAL experts have indicated that Nigeria’s low debt to GDP ratio should not be the sole measure of its borrowing capacity.
Oil price rises to $62.53
OIL price rose further, yesterday, with Brent climbing 46 cents to $62.53, while West Texas Intermediate, WTI rose 23 cents to $55.87 a barrel, the highest since July 2015 as Saudi Arabian King Salman’s anti-corruption drive shook the world’s biggest crude exporter.
SON to commence products authentication
THE Standards Organisation of Nigeria (SON), yesterday, said it has concluded plans to commence implementation of products authentication scheme before the end of this year, just as the organisation’s enforcement team has confiscated large consignments of suspected unfortified and substandard sugar and flour based products like pasta and spaghetti in several locations in the North East.
