The Central Bank of Nigeria (CBN) yesterday, said that bank accounts without the Biometrics Verification Number (BVN) would be operated as “No Customer Initiated Debit”. The...
By Omoh Gabriel The International Monetary Fund yesterday said it is supportive of the federal government’s ongoing efforts at promoting targeted and core infrastructure in...
South African mobile phone operator, MTN Group, withdrew its lawsuit against Nigeria’s regulator over a 3.9 billion dollars fine and paid 250 million dollars toward a...
FBN Holdings Plc. on Wednesday in Lagos notified the Nigerian Stock Exchange (NSE) that its expected earnings for the financial year ended Dec. 31, 2015 would...
The All-Share Index of the Nigerian Stock Exchange (NSE) on Wednesday slipped by 0.86 per cent amid sell pressure. The index lost 207.64 points or 0.86...
The Nigerian equities market extended Tuesday’s negative close as the All Share Index (ASI) depreciated 1.9 per cent to settle at 24,056.12 points. Also, market capitalisation...
—- N20.4708 trillion, aggregate credit to the domestic —- N18.7068trillion, banking system’s credit to the private sector —- N1.63321 trillion, currency-in-circulation By Omoh Gabriel The Central...
AMCON yesterday said it was seeking prospective investors to buy Keystone Bank, the last of the rescued banks yet to be sold. The Asset Management Corporation...
The Nigerian stock market closed negative today as the All Share Index (ASI) fell 0.5 per cent to settle at 23,832.03pts. This marked a halt in...
The Monetary Policy Committee met on 25th and 26th January, 2016 against the backdrop of weakening global economic prospects as well as increased risks in the...
By Omoh Gabriel The Lagos Chamber of Commerce and industry LCCI, has said that foreign exchange sourced from diaspora remittances, export Proceeds, Forex sales by foreign...
Transactions at the Nigerian Stock Exchange (NSE) resumed for the week on Monday on a positive note with the market capitalisation appreciating by N47 billion. The...
By Omoh Gabriel Nigeria may miss out of the $100trillion booming digitization if government and the organized private sector do not come together to evolve policy...
…Banks may write off 50% loans to upstream …Devaluation will halt bank asset quality …Capital adequacy ratio declines …Rising non performing loans By Omoh Gabriel, Business...
The Director-General, Bureau of Public Enterprises (BPE), Mr Benjamin Dikki, said the non-passage of the Petroleum Industrial Bill (PIB) had hindered investors from showing interest in...