Moody Rating Agency has said that currency devaluation has eroded the quality of Nigeria banks loan quality, profitability and capital stock. In a report titled Sub-Saharan...
Africa economy is expected to grow by 3.4 per cent in 2017 a report by Africa Development Bank released in India has said. The report said...
International Rating Agency, Standard and Poor’s (S&P) assigned its ‘B’ long term and ‘B’ short term global scale counter party credit ratings to the United Bank...
The Federal Government, 36 states and their local government areas have so far shared N1.4 trillion from the federation account, being revenue generated in the first...
With the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting this week, the Naira continued its strong run against the United States...
Central Bank of Nigeria (CBN) has released a list of items, mainly raw materials, that can source foreign exchange (forex) from the market. The list, signed by...
Central Bank of Nigeria has said that a total of $2.37 billion was the amount that came into the country through official channels. It also said...
Acting President Yemi Osinbajo, SAN, has advocated a new paradigm in financing infrastructure projects in Africa in order to close the huge infrastructure gap in the...
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...