Hope for impactful investment in infrastructure in 2020 budget is dim—LCCI, Budget office differs

Lagos Chamber of Commerce and Industry has said that the hope for an impactful investment in in fracture in the 2020 budget proposal is dimmed as...

2020 budget: Why Works, Power Ministries got highest allocation

The Ministry of Works and Housing got the highest projected allocation of N262 billion from the N10. 33 trillion budget estimates. This was contained in the...

Nigeria urgently needs a comprehensive package of measures to raise growth—IMF

The International Monetary Fund has said that Nigeria  needs urgently “a comprehensive package of measures—whose design and implementation will require close coordination within the economic team...

Nigerian Equities Market dips as investors lost another N102.7bn

The Nigerian Equities Market ended today’s session in red as the All-Share Index (ASI) fell by 79bps to 26,598.94 points following price depreciation in DANGCEM (-3.9%),...

Losses in MTNN, Dangsugar, UBA drags down stock index as investors lost N27.5bn

The benchmark index declined 0.2 per cent to 26,809.92 points following losses posted by MTNN (-1.2%), DANGSUGAR (-2.9%) and UBA (-1.7%). Similarly, YTD loss worsened to -14.7...

Buhari presents N10.33trn 2020 budget proposal to NASS

President Muhammadu Buhari has presented a N10.33 trillion budget for 2020 to the National Assembly, the first budget proposal since his re-election in February. The plan...

Zenith drives convenient banking, financial inclusion with Z-Money

Zenith Bank Plc, has introduced Z-Money, which brings banking services closer to its customers and enhance financial inclusion among the under-banked and unbanked populace of the...

Tony Elumelu Foundation CEO speaks on Europe-Africa partnership at BMGF summit, Nordic-African Business summit

Ifeyinwa Ugochukwu, CEO of the Tony Elumelu Foundation (TEF), will speak on Europe-Africa partnership at two high-level events in Europe this week. She will moderate a panel...

Nigerian Equities Market extends Bearish streak… ASI Shed 0.5%

The Nigerian Equities Market posted a bearish performance as sell-offs in SEPLAT (-6.9%), NESTLE (-2.0%) and STANBIC (-2.5%) dragged the All Share Index (ASI) lower by...

Adesina bid for re-election as AfDB President

The federal government of Nigeria has backed the re election bid of Dr. Akinwunmi Adesina as the President of Africa Development Bank AfDB. The decision to...

Nigerians battling poverty spent N7.2bn on BBNaija votes

Nigerians who clued their eyes to watching BBNaija have spent a total of N7.2 billion on the leisure of staying at home to watch some funny...

Inspection of the N3 billion CBN-assisted Rice Seeds and Seedlings Factory

Forex Intervention: CBN injects $311.5m, CNY15m into Retail SMIS

The Central Bank of Nigeria (CBN) has made an intervention of $311.5million in the retail Secondary Market Intervention Sales (SMIS) and CNY 15million in the spot...

Fidelity Bank launches GAIM Season 4 to promote Savings Culture,  N120m to be given out during promo season 

 Fidelity Bank Plc, top Nigerian lender on Thursday announced the introduction of a new savings campaign in Lagos, as part of concerted efforts to promote the...

CBN imposes N14bn on FCMB, N386bn on Gtbank, Citibank, Standard Chartered, FBN, 6 others for failing to meet loan deadline

FCMB has said that it was charged N14 billion for failing to meet the central bank’s minimum loan-to-deposit ratio requirement by a September deadline, the bank...