Federal Government has said that it realised only N398 billion in 2016 as non oil revenue, which it described as abysmally low out of the projected N1.506...
Nedbank slashes value of Ecobank stake Nedbank booked a $293 million write-down on the value of its stake in Ecobank and reported its slowest growth in...
Minister of Finance, Mrs. Kemi Adeosun said that the Development Bank of Nigeria (DBN) is being positioned to galvanise Small and Medium Scale Enterprises sector for...
—–pumps additional $80m for PTA, Fees, Medicals & $100m through Banks for Wholesale Forwards Market In keeping with its determination to increase liquidity in the foreign...
Indications emerged weekend that many banks have not been able to pick up additional foreign exchange which the CBN has on offer. Many of the banks...
Securities and Exchange Commission (SEC) has sealed up the premises of Yuan Dong (YDEC). SEC, in a statement in Abuja said Yuan Dong parades itself as an...
If the National Assembly passes President Muhammadu Buhari’s 2017 N7.298 trillion budget as proposed, the country will spend a hefty sum of N5.41 billion as cost...
South Africa’s Liberty Holdings will acquire a 75 percent stake in a Nigerian long-term insurer for $12 million, the company said. The acquisition is to enable...
CBN’s CIRCULAR ON NATIONWIDE IMPLEMENTATION OF THE CASH-LESS POLICY AS ISSUED Please be informed that the bankers committee at its 493rd meeting, held on the 8th...
The International Monetary Fund has urged Nigeria to step up its economic reform efforts before the opportunity for reforms becomes more limited. The multilateral Institution...
Managing Director Nigeria Sovereign Investment Authority NSIA, Mr. Uche Orji, has raised fresh hope of the timely completion of Second Niger Bridge. Briefing newsmen in Abuja, he said...
Fitch rating agency has said that measures put in place by the Central Bank of Nigeria (CBN) to modify the foreign exchange market may ease some...
Details of CBN guideline on school fees, Personal Travelling Allowance PTA and medicals emerged yesterday as banks started to intimate customers of the needed requirement to...
Central Bank of Nigeria Tuesday injected a total of $370.9 million into the foreign exchange market ignorer to make foreign exchange readily available to end users....
Federal Government of Nigeria wants to borrow $1 billion from the World Bank and sign within months a $1.3 billion loan from China to fund railway projects,...