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The Central Bank of Nigeria (CBN) has disclosed that the Nigeria economy is in recession as economic activities declined faster in June having turned negative in...
Some federal government agencies now operate bank accounts in violation of the Treasury Single Account (TSA). The TSA is a bank account or a set of...
Zenith, First Bank, Gtbank, Access Bank and Diamond are among the ten Nigerian banks that made the 2016 Top 1000 World Banks ranking by Financial Times....
The new foreign exchange policy yesterday received a $20 million foreign investment boost as the Central Bank of Nigeria, CBN, and Citibank Nigeria Limited executed the...
The Refinery and Fertilizer projects of Dangote Industries Limited is expected to create a minimum of both direct and indirect job of 235,000 new jobs, as...
Nigerian banks lost N3 billion to fraudsters in 2015 with temporary staff accounting for 67 percent of the money lost. Nigeria Deposit Insurance Corporation (NDIC) disclosed...
The exit of Britain from the European Union (EU) has a number of immediate and remote implications for the Nigerian economy. First, the outcome of the...
***Says fiscal discipline is a destination, Minister of Finance, Kemi Adeosun, yesterday said that states must publish their accounts at end of every financial year to...
The Central Bank of Nigeria (CBN) has formally flagged off the Naira Settlement Foreign Exchange Market on Monday, June 27, 2016 in Lagos. Speaking at the...
—Banks’ profits drop by N11.1bn —Shareholders extol management for surviving challenging times Nine banks quoted on the Nigerian Stock Exchange, NSE paid 42.2 per cent or...
Nigeria’s swift one-step move to a floating currency has been welcomed by investors but most nonetheless will stay away until economy shows signs of recovering. Nigeria...
The President of Dangote Group and Chairman, Cement Technology Institute of Nigeria (CTIN), Alhaji Aliko Dangote, has written to the Economic and Financial Crimes Commission (EFCC)...
—-as CBN injects $150m Interest rates in the interbank money market rose sharply to N51 percent yesterday as banks scramble for naira to fund the $4.2...
Chairman, Ministerial Committee on Modalities for the Establishment of Nigerian Fleet, Mr. Olu Akinsoji has said that Nigeria lost $2.2 billion dollars in 2014 due to...
The All-Share Index of the Nigerian Stock Exchange (NSE) on Wednesday crossed the 30, 000 mark following gains posted by some highly capitalised equities. The index...