The positive performance in the local bourse was sustained as the All Share Index (ASI) gained 4bps to settle at 41,233.42 points while the YTD return...
(Reuters) – Swiss-based food giant Nestle will pay Starbucks $7.15 billion in cash for the rights to sell the U.S. coffee chain’s products around the...
The African Development Bank (AfDB) has said that it will support five countries with industrial policies to help boost development in the region. Mr Alhassane Haidara,...
U.S. oil prices rose above $70 a barrel for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a...
Shareholders have expressed mixed reactions to plans by the Central Bank of Nigeria (CBN) to sanction Chief Executive Officers (CEOs) of banks that fail to submit...
The Central Bank of Nigeria (CBN), in its last intervention for the week, has injected the total sum of $349.34 million in the Retail Secondary...
Trading at the Nigerian Stock Exchange posted a bearish performance as profit taking in bellwethers – DANGCEM (-1.1%) and NIGERIAN BREWERIES (-1.4%) – dragged the All Share Index 48bps...
The African Development Bank (AfDB) says Africa need about one hundred and seventy billion dollars annually to meet its infrastructure requirement. Prof. Vincent Nmehielle, Secretary General...
The Central Bank of Nigeria (CBN) said it has executed a bilateral currency swap agreement with the Peoples Bank of China (PBoC). The Governor of the...
The local bourse today extended its positive run to the third session – largely due to price appreciation in DANGCEM – as the All Share Index (ASI)...
The Central Bank of Nigeria (CBN), on Wednesday, May 2, 2018, injected the sum of $210 million into the inter-bank Foreign Exchange market in continuation of...
Fidelity Bank is planning to raise addition funds through domestic bond market to boost lending and has increased provisions against indebted telecoms firm 9mobile, a senior...
The visit of President Muhammadu Buhari to U.S. President Donald Trump has yielded the finalisation of negotiations to repatriate more than 500 million dollars (about 190...
The Central Bank of Nigeria (CBN) has captured no fewer than 31 million account customers in its Bank Verification Number (BVN) project aimed at ensuring unique...
Central Bank of Nigeria has in its Monetary and Trade Policy document said that in accordance with the provisions of BOFIA 1991 (as amended), banks are...