National Trail Newspaers

Category: Economy

  • Buhari, Emefiele, others for virtual CIBN banking, finance conference

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    President Muhammadu Buhari, among over 2,500 participants across the globe, are expected to participate in a virtual Banking and Finance Conference being organised by the Chartered Institute of Bankers of Nigeria (CIBN). Mr Patrick Akinwuntan, Chairman, Consultative Committee of 13h Annual Banking and Finance Conference and MD/CEO, Ecobank Nigeria, made the disclosure in a statement…

  • Revenue commission partners with EFCC to recover unremitted revenue to FG

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    The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says it is collaborating with the Economic and Financial Crime Commission (EFCC), to recover unremitted revenue accruable to the federation account. Chairman of the Commission, Mr Elias Mbam, stated this during a courtesy visit to the acting Chairman of the EFCC, Mr Mohammed Umar. Mr Christian Nwachukwu,…

  • Ease of Doing Business: FG reforms target World Bank high ranking

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    The Federal Government says the Presidential Enabling Business Environment Council (PEBEC) reforms are geared towards enhancing Nigeria’s high ranking in World Bank Ease of Doing Business (EODB) index. Dr Nasir Sani-Gwarzo, Permanent Secretary, Ministry of Industry, Trade and Investment, said this on Friday in Keffi, Nasarawa state, at a workshop on ‘Improvement of Business Enabling…

  • AfDB: Nigerians excited over re-election of Adesina

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    Many Nigerians have expressed delight over the re-election of Dr Akinwumi Adesina as the President of African Development Bank (AfDB). A cross section of the people who spoke with the News Agency of Nigeria (NAN) on Thursday in Abuja said the development was worthy of jubilation. The News Agency of Nigeria (NAN) reports that Adesina…

  • CBN resumes sales of foreign exchange to licensed BDC operators

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    The Central Bank of Nigeria (CBN) says it has commenced the sales of foreign exchange to the Bureau De Change (BDC) operators in the country. The CBN made this known in a circular signed by Dr Ozoemena Nnaji, Director Trade and Exchange Department, and addressed to authorised dealers and BDC operators on Thursday. The bank…

  • Oil drifts down as U.S. producers, refiners avoid worst of storm

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    Oil prices fell on Friday as a massive storm raced inland past the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries. U.S. West Texas Intermediate (WTI) crude futures fell six cents, or 0.1 per cent to $42.98 a barrel as of 0202 GMT, adding to overnight…

  • Dollar buoyed by yields surge jump after Fed’s inflation shift

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    The dollar held gains against major currencies, on Friday, after the Federal Reserve’s aggressive new strategy to lift employment and increased tolerance for higher inflation pushed U.S. bond yields up. The dollar’s index rose against six major currencies and was last trading at 93.061, turning around a sharp decline seen on Thursday. Speaking at the…

  • NECA urges FG on power sector, economy

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    The Nigeria Employers’ Consultative Association (NECA) has urged the Federal Government to strategically address the challenges in the power sector. The Director-General, Dr Timothy Olawale, made the appeal in a statement on Wednesday in Lagos. Olawale said that resolving the issues in the power sector would be a major step toward reviving the economy and…

  • NSE All-Share Index grows further by 0.15%

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    The bulls continued to dominate trading on the Nigerian Stock Exchange (NSE) on Wednesday with the key market indices improving further by 0.15 per cent. Specifically, the NSE All-Share Index which opened at 25,291.73 inched higher by 38.37 points or 0.15 per cent to close at 25,330.10. Also, the market capitalisation rose by N20 billion…

  • Dollar drifts ahead of key Fed speech as economic worries grow

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    The dollar held steady against most currencies on Wednesday as traders braced for U.S. data expected to show a slowdown in durable goods orders and a key speech by Federal Reserve Chairman, Jerome Powell. The yuan rose toward a seven-month high after U.S. and Chinese trade officials reaffirmed their commitment to a Phase 1 trade…