Unity Bank Plc is in a N3.4 billion ($21.067 million) foreign exchange tangle with its former Managing Director, now Executive Chairman at MBS Merchants Limited, Alhaji...
Union Bank Plc plans to sell non-banking units to comply with Central Bank of Nigeria regulations, Chief Executive Officer Emeka Emuwa said yesterday in Lagos. “The...
Following last week’s meeting of the Federation Allocation Accounts Committee (FAAC), the Excess Crude Account (ECA) has increased by $1.34 billion This brings the total savings...
I am compelled to make this public statement to address the various allegations levied against the Central Bank of Nigeria (CBN) and cited as the reasons for my suspension from...
Some of the world’s biggest banks have been accused of colluding to fix Libor A US regulator has sued 16 banks for allegedly manipulating the London...
The Executive Secretary of Nigeria Extractive Industries Transparency Initiative, NEITI, has recanted its earlier position that it uncovered $22.8 billion un remitted oil revenue by the...
Arc Marine and Oilfield Services Limited, a subsidiary of Arco Petrochemical Engineering Company Plc has called on the Federal Government to step up effort against resistances...
Operators in the manufacturing and power sectors are currently groaning under the severe gas shortage and its impact on their production. A major cement manufacturer at...
Nigeria has earned over $50 billion as proceeds from exportation of liquefied natural gas in the last 15 years, the Managing Director and Chief Executive Officer...
I read with interest an article in one of the national newspaper and was amused by the apparent lack of understanding of how monetary policy is...
The naira firmed 0.30 per cent against the U.S. dollar on Monday, after one oil company sold dollar to some banks and the central bank intervened...
Chairman, Nigeria Ship Owners Association (NISA) Chief Isaac Jolapamo has appealed to the Federal Government to remove the waiver clause from the Coastal and Inland Shipping...
Weekly activities on the Nigerian Stock Exchange (NSE) open on Monday on positive trend with the market indicators appreciating by 0.57 per cent. The market capitalisation...
President Goodluck Jonathan on Monday said the Federal Government would develop deep sea ports to check congestion at the existing sea ports. Jonathan stated this in...
Ecobank Transnational Incorporated (ETI) says it has set up a new committee to search for new board members as agreed at its extraordinary general meeting on...