The Edo State Joint Account and Allocation Committee (JAAC) has declared N3.15 billion as the total allocation that accrued to the 18 Local Government Areas (LGAs)...
Sell-offs in MTNN (-0.8%), STANBIC (-3.5%) and GUINNESS (-6.5%) dragged the All-Share Index (ASI) down 17bps to 26,944.32 points. Hence, market capitalisation shed N22.3bn to settle at...
Nigerian Banks recovered a total of N738.15 billion Non-Performing Loans (NPL) from operators in oil and gas sector. According to the the National Bureau of Statistics (NBS) third quarter (Q3) 2019 report, NPL...
Centre for Social Justice has said that the exchange rate of N305 to 1 USD is contentious as economic agents in Nigeria do not access foreign...
Losses in CCNN (-5.0%), GUARANTY (-0.5%) and FCMB (-5.5%) dragged the All-Share Index (ASI) by 4bps to 26,990.59 points while YTD loss stood at -14.1%. Thus, market...
National Bureau of Statistics (NBS) says Ecobank Nigeria and the local unit of Standard Chartered Bank have joined Stanbic IBTC Bank to become foreign investors’ favourites...
In its last intervention for the month of November,the Central Bank of Nigeria (CBN) on Friday, November 29, 2019, made an intervention of $323.5million in the...
Lagos Chamber of Commerce and Industry has said that the bigger worry in the federal government borrowing spree is the capacity of Nigeria to service the...
Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has listed the Bank’s priorities for 2020 to include support for greater economic growth, price stability and low inflation, even as...
The Season 6 of the First City Monument Bank (FCMB) bumper reward scheme tagged ‘’FCMB Millionaire Promo’’, has come to an exciting end with the grand finale...
The Nigerian Government has moved closer to overturning the $9.6 billion judgement debt awarded against it in favour of Process and Industrial Development Limited (P&ID) by...
President Muhammadu Buhari is seeking the re- consideration and approval of the National Assembly on the 2016-2018 External Borrowing Plan of the Federal Government. Buhari’s request...
Africa Finance Corporation (“AFC” or “the Corporation”), the leading investment-grade infrastructure solutions provider, announces the successful issuance of its CHF200 million Reg S Only bond (the...
The Benchmark index ended on the green note as the ASI inched higher by 13bps to 26,824.50 points, leading to a slight improvement in YTD loss at -14.7%. Furthermore,...
Godwin Emefiele, the Governor of the Central Bank of Nigeria, has asked Nigerians not to panic as the nation’s Foreign Reserves drops to lower level. Emefiele...