Central Bank of Nigeria (CBN) has said that no bank in Nigeria is distressed. In a statement signed by its Acting Head of Communication Mr. Isaac...
The new Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Tokunbo Abiru, has affirmed the Central Bank of Nigeria’s (CBN) statement that Skye remains healthy...
Nigerian oil output rose last month following repairs to infrastructure that had been damaged by militant attacks. Nigeria pumped an average of 1.53 million barrels a...
West Africa Container Terminal (WACT) and The APM Terminals Apapa Ltd are to provide weighing services to exporters. They have installed controls to ensure containers loaded...
A new Group Managing Director has been appointed for the Nigeria National Petroleum Corporation NNPC. He is Dr Maikanti Kacalla Baru. By this appointment the President...
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...
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...