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By Omoh Gabriel, Business Editor *Hotels saddled with large amounts of idle foreign cash *Quality of loan assets in banking system at risk *Export proceeds idle...
The value of shares traded on the Nigerian Stock Exchange on Tuesday rose by N105 billion, moving from N10.334 trillion recorded previous day, to N10.439 trillion....
Equities transactions on the Nigerian Stock Exchange (NSE) on Monday reopened for the week on a positive note as market indicators improved marginally by 1.83 per...
Bank of Industry (BoI) on Monday announced it had made an investment commitment of 6 million dollars (about N1.2 billion) in Nigeria’s small and medium enterprises...
The restriction by the Central Bank of Nigeria (CBN) on the sale of hard currency to importers of some 41 items seem to have taken toll...
The Nigerian Sovereign Investment Authority, NSIA, manager of the Sovereign Wealth Fund, SWF, weekend, assuaged fears over the prevailing challenging global economic environment, stating that it...
Trading activities on the Nigerian Stock Exchange (NSE) for the second consecutive day maintained a downward trend with the market capitalisation losing N164 billion. The market...
United Bank for Africa Plc yesterday in Lagos announced profit before tax (PBT) of N39.0 billion and after tax profit of N32 billion. As a reward...
The National Pension Commission (PenCom) has issued draft guidelines on withdrawals from Retirement Saving Accounts (RSA) for equity payment of residential mortgage. This is contained in...
Actis, a pan-emerging market investor said it has invested over $300 million (N5.91billion) in Nigeria to date, while it made an investment worth $3 billion in...
Indication emerged weekend that about 10 million barrels of Nigeria crude oil cargoes for September-loading are still looking for buyers, and face steep competition from other...
More than 200 delegates and 65 industry stakeholders from more than 25 countries are expected to attend the RemitAfrica2015 event in Lagos in December. Remittance providers...
The Nigerian National Petroleum Corporation (NNPC) Wednesday confirmed the cancellation of crude oil swap contracts as well as Offshore Processing Contracts (OPA), which the corporation entered...
—Zamfara and Kwara gets funds —Others to follow By Omoh Gabriel Two out of the 27 states that apply to Central Bank of Nigeria fro financial...
By Omoh Gabriel Indications emerged that banks in the country are now in a dilemma on what to do with an estimated $5 billion that is...