Africa’s premier infrastructure summit opened in Abuja, Nigeria. At the opening the summit President and CEO of AFC, Andrew Alli,said: “In 2014 we held our inaugural African...
Central Bank of Nigeria has injected a total of $457.3 million fresh funds into the foreign exchange market. This is coming on the heels of what...
In spite of a lull in FOREX trading activities towards the end of last week, the Central Bank of Nigeria (CBN) has assured of its continued...
States and Federal government of Nigeria debt stock data as at 31st December 2016 indicates that the country’s foreign and domestic debts stood as $11.41billion and N14.02...
Industrial unrest looms in the nation’s financial sector following the arrest of the President of the National Union of Banks, Insurance and other Financial Institutions Employees,...
Fitch Ratings has assigned Zenith Bank PLC’s upcoming issuance of $500 million, five-year senior unsecured notes an expected rating of ‘B+’. According to Fitch Zenith’s...
National Assembly has passed the N7.44 trillion budget for 2017 on aiming to drag the nation’s economy out of its first downturn in a quarter of...
National Assembly plans to spend the sum of N125 billion in 2017 as against the sum of N115billion it budgeted for 2016. This is the first...
Moody Rating Agency has projected a GDP growth of 2.5 per cent for Nigeria at the end of the year. This means that the agency’s projections...
Andrew Alli, President and Chief Executive of Africa Finance Corporation AFC, has said that Africa’s infrastructure gap remains colossal, requiring approximately $100 billion every year for...
The Federal Government, in apparent contradiction of its earlier position made a u-turn on its modular refineries initiative, declaring that it would no longer allow the...
Bank customers who pay out dud cheques are now to be penalised by banks. Such customers are to pay charges of one per cent of the...
Fitch Ratings in its report on Nigeria banks released yesterday said that Nigerian banks posted good financial results for 2016, despite turbulent operating conditions, stating...
Etisalat said it has made progress in talks with Nigerian banks on restructuring its loan repayment. Talks between Etisalat and its bankers to renegotiate the terms...
Indications are that talks between Etisalat Nigeria and a consortium of banks that syndicated a $1.2 billion facility for to restructure payments of the loan have...