World Economic Forum has said that the hype on Blockchain technology is misleading and untrue. In a statement it said “Blockchain has been hailed as...
Contrary to insinuations, Finance minister Kemi Adeosun and CBN governor Godwin Emefiele, never confirmed they would attend Investors’ Summit in Washington. They were not scheduled to...
Iran banned the use of bitcoin and other cryptocurrencies by banks and financial institutions on Monday amid ongoing debate over how best to regulate the technology. “The...
…$322m Abacha funds earmark for Social Safety Nets Nigeria’s Minister of Finance, Mrs. Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr. Godwin...
The World Bank Group’s shareholders today endorsed an ambitious package of measures that include a $13 billion paid-in capital increase, a series of internal reforms, and...
South African telecoms firm MTN has appointed Nigerian investment firm Chapel Hill Denham as lead manager for the initial public offering of its Nigerian business...
In its relentless move to guarantee liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market...
The Federal Operation Unit Zone B of Nigeria Customs Service said on Thursday it seized 1, 500 bags of smuggled rice and vegetable oil valued over...
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for...
The local bourse rebounded today as the All Share Index (ASI) rose 25bps to close at 40,874.09 points following buying interest in DANGCEM (+1.4%) and OANDO (+6.1%); ex-DANGCEM,...
In continuation of its intervention in the inter-bank sector of the Foreign Exchange market, the Central Bank of Nigeria (CBN) has intervened with another sum of...
The Management of African Alliance Insurance Plc has said that N8.69billion was paid in claims settlement in 2017, a 32.5 per cent increase from the N6.56...
Profit taking in SEPLAT (-3.3%), INTEBREW (-2.1%) and UBN (-4.8%) dragged the performance of the All Share Index today to close at 40,772.26 points while YTD...
Sub-Saharan Africa is on course for economic growth of 3.1 percent this year, the World Bank said on Wednesday, marginally slower than it previously forecast but...
International Monetary Fund has said that global debt hit a new record high of $164 trillion in 2016, the equivalent of 225 per cent of global...