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...
The International Monetary Fund IMF, has said that a recovery in oil production in Nigeria will aid growth in the country in particular and sub Sahara...
Ecobank Nigeria limited said it has invested in state of the art mobile application that is fast and accessible and gives better transaction incentive to the...
Following last Friday’s injection of $389 million into the retail segment of the forex market, the Central Bank of Nigeria (CBN) has intervened with the sum...
Lafarge Africa plans to seek shareholders’ approval next month to raise N140 billion and also convert some loans into equity as part of the capital injection,...
Indications emerged weekend that the Central Bank of Nigeria (CBN) is set to inject more foreign exchange through intervention segments of the market thereby heightening expectations...
Bank of Industry, BOI has approved the sum of N300 million facility for culture and arts in the country. Acting Managing Director of the bank, Mr....
The Governor of Central Bank of Nigeria CBN , Mr. Godwin Emefiele has said that the apex bank has granted Valentine poultry farms, a subsidiary of Shonga Farms...