The South African rand gained on Wednesday after Finance Minister Tito Mboweni said in a budget speech that the government would cut the public sector wage...
The African Export-Import Bank (Afreximbank), in collaboration with FCI, will hold a two-day conference in Nairobi to promote the use of factoring to enhance access to...
Asset Management Corporation of Nigeria (AMCON) has taken over the assets of Alhaji Buba Galadima and that of his company, Bedko Nigeria Limited and Bedko Nigeria...
The All-Share Index lost 3bps to 27,033.10 points following sell pressures in NIGERIA BREWERIES (-2.1%), GUARANTY (-0.4%) and ZENITH (-0.3%). Accordingly, market capitalisation fell ₦4.1bn to ₦14.1tn while YTD return remained...
To further improve the country’s business climate, there will now be a direct connection between the anti-corruption agenda of the Buhari administration and the reform efforts...
The International Energy Agency’s (IEA) outlook on global oil demand growth has fallen to its lowest level in a decade, IEA Executive Director Fatih Birol said...
Nigeria’s economic growth rose to an annual rate of 2.55% in the three months to the end of December, its highest quarterly growth since a 2016...
Access bank plc has directed that all Diamond Bank cheque will no longer be valid for transact at the end of this month. Bank across the...
Losses in banking stocks – GUARANTY (-3.8%), ZENITH (-3.8%) and ACCESS (-6.4%) – dragged the All-Share Index down 127bps to 27,041.03 points. Consequently, YTD return plunged to 0.7% while market capitalisation...
Shareholders of the European Bank for Reconstruction and Development will be asked in May whether to give the bank the green light for expansion into sub-Saharan...
Africa Finance Corporation (AFC) is investing $63 million to build and operate a 60 megawatt (MW) wind farm in Djibouti, the Lagos-based development financier said on...
By omoh Gabriel Indication emerged weekend that some Nigeria banks managing directors are in active connivance with money launderers, political expose persons and unscrupulous businessmen who...
The National Assembly and the Federal Ministry of Environment are putting the finishing touches to a bill meant to prohibit the production of plastics, which pollute...
As part of commitment to deepening Ease of Doing Business reforms, the Edo State Government will inaugurate a Small Claims Court, which would make settlement of...
The Nigeria Deposit Insurance Corporation (NDIC), says it has liquidated 427 financial institutions as at December 2019. Mr John Abiodun, the Assistant Director, Insurance and Surveillance...