The Central Bank of Nigeria (CBN) said that it would withdraw N500 billion from the banking system through the recent increase in the cash reserve requirement...
Asset Management Corporation of Nigeria (“AMCON”) said that it has successfully completed the sale of the entire issued and fully paid up ordinary shares of Enterprise...
The Central Bank of Nigeria (CBN) said it would soon commence comprehensive review of electronic payment guidelines in the country. Deputy Governor, Operations Directorate, Central Bank...
–$73 crude benchmark, too optimistic —falling oil prices not responsible for deteriorating economy —Expect tough times ahead —Nigeria has done many things wrong in the last...
—raised lending rate to 13 per cent —increased private sector cash reserved to 20% —Retain public sector cash reserve at 75% The Central Bank of Nigeria...
Foreign investors sold off Nigerian stocks valued at 101.2 billion naira ($583.6 million) in October after a drop in the oil price and the local naira...
The Minister of State for Finance, Mr Bashir Yuguda, on Tuesday announced that federal, states and local governments had shared N593.33 billion revenue that accrued to...
Two Nigerians, Tony Elumelu and Orji Uzor Kalu, along with four other Africans have joined Forbes list of 50 richest people in Africa. According to Forbes,...
The declining fortunes of the naira continued as it suffered 182 kobo depreciation at the foreign exchange auction conducted by the Central Bank of Nigeria (CBN)....
The Naira fell by 200 kobo Tuesday, as the parallel market exchange rate rose to N180 per dollar from N178 per dollar on Monday. Confirming this...
Transactions at the Nigerian Stock Exchange (NSE) ended on a negative note on Tuesday as the market indicators recorded 1.62 per cent depreciation as some major...
The Federal Government in Abuja signed a Memorandum of Understanding (MoU) with nine oil companies for the supply of gas for power generation in Nigeria. They...
The Managing Director of Stanbic IBTC, Mrs Sola David-Borha, said that some Nigerian banks had raised three billion dollars (N465 billion) as acquisition finance in the...
President Goodluck in Abuja said that the Information and Communication Technology (ICT) sector had contributed 10.56 per cent to Nigeria’s Gross Domestic Product (GDP) in 2013....
In the wake of volatile global market, Nigeria continues to attract significant foreign investors interest, the recent being from United Kingdom who sent delegates to Nigeria. Shortly...