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Andrew Alli, President and Chief Executive of Africa Finance Corporation AFC, has said that Africa’s infrastructure gap remains colossal, requiring approximately $100 billion every year for...
The Federal Government, in apparent contradiction of its earlier position made a u-turn on its modular refineries initiative, declaring that it would no longer allow the...
Bank customers who pay out dud cheques are now to be penalised by banks. Such customers are to pay charges of one per cent of the...
Boeing Co said it has temporarily halted flights of its new 737 MAX aircraft due to an issue with the engine, which is jointly made by...
Fitch Ratings in its report on Nigeria banks released yesterday said that Nigerian banks posted good financial results for 2016, despite turbulent operating conditions, stating...
The Nigerian Customs Service has announced the appointment of four new Deputy Comptroller Generals and eight new Assistant Comptroller Generals. A statement from the service said,...
Etisalat said it has made progress in talks with Nigerian banks on restructuring its loan repayment. Talks between Etisalat and its bankers to renegotiate the terms...
Market Statistics Tuesday, 9th May 2017 Market Cap (N’bn) 9,249.0...
Indications are that talks between Etisalat Nigeria and a consortium of banks that syndicated a $1.2 billion facility for to restructure payments of the loan have...
Ecobank Nigeria limited said it has invested in state of the art mobile application that is fast and accessible and gives better transaction incentive to the...
Following last Friday’s injection of $389 million into the retail segment of the forex market, the Central Bank of Nigeria (CBN) has intervened with the sum...
Lafarge Africa plans to seek shareholders’ approval next month to raise N140 billion and also convert some loans into equity as part of the capital injection,...
Indications emerged weekend that the Central Bank of Nigeria (CBN) is set to inject more foreign exchange through intervention segments of the market thereby heightening expectations...
Bank of Industry, BOI has approved the sum of N300 million facility for culture and arts in the country. Acting Managing Director of the bank, Mr....
The retail segment of the interbank forex market received a huge boost on Friday, May 5, 2017, as the Central Bank of Nigeria (CBN) intervened with...