The Economic and Financial Crimes Commission(EFCC) has boosted the Federal treasury with the sum of N1.37 billion, which no one stepped out to claim since August....
The House of Representatives committee on Maritime is investigating 12 foreign shipping firms’ local agents accused of diverting $300 million federal government fees for their own use. Some...
Borrowing by low and middle-income economies from external official and private creditors surged to $607 billion in 2017 from $181 billion the previous year, the highest...
Federal Government is muting the idea of setting up another Peoples Bank. This time it is to boost Small and Medium Scale Enterprises(SMEs). Vice President Yemi...
Ghana will seek to raise as much as $750 million through a sale of shares in a fund that will hold the West African nation’s stakes...
The downtrend in the domestic equities market was sustained in today’s session as the benchmark index slid 0.8% to settle at 32,108.92 points while YTD loss...
The Central Bank of Nigeria (CBN) has warned that electronic fraud losses in the banking system would reach N6.1 trillion by 2021. Mr Sunday Salam-Alada, Director,...
The African Export-Import Bank (Afreximbank) has launched a project preparation facility aimed at increasing the availability of viable well-prepared projects in Africa and at making such...
In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million in the inter-bank...
In today’s trading session, the local bourse gained 3bps to settle at 32,152.90 points due to investors’ buying interest in STANBIC (+2.1%), ZENITH (+1.0%) and WAPCO (+8.7%). As a...
MTN Group will apply for a mobile banking licence in Nigeria and plans to launch the service next year, its CEO said, further embedding the South...
The Central Bank of Japan has become the first among G7 nations to own assets collectively worth more than the country’s entire economy, following a half-decade...
BudgIT Foundation has decried the cut in Nigeria’s health and education sector budgetary allocation to fund the 2019 elections. They alleged that recent information from the...
Today, investors’ in ZENITH (-1.6%), GUARANTY (-1.8%) and DIAMONDBNK (-9.4%) lowered the benchmark index by 0.2% to 32,143.41 points as market capitalisation also shed N27.5bn to settle at 11.7tn while YTD loss worsened to -15.9%. However, activity level was...
Germany will lure thousands of finance jobs to Frankfurt from London after Britain exits the European Union — if the country’s Finance Ministry gets its way....