The Nigeria Sovereign Investment Authority, NSIA, has disclosed the allocation of its $1 billion (about N155 billion) take-off of capital to the three statutory funds through...
The naira eased against the U.S. dollar on the inter-bank market on Wednesday as strong demand from importers of fuel and other goods drained liquidity in...
The Debt Management Office has said that Nigeria will continue to maintain a debt to Gross Domestic Product threshold of 40 per cent considering the economic...
National Insurance Commission, NAICOM, has issued new guidelines to oversee the operation of takaful industry in Nigeria. Takaful is a type of Islamic insurance, where members...
By Omoh Gabriel Nigeria and five other countries have named by the World Bank as top recipient of global remittance. In a report released on Friday...
By Omoh Gabriel African Development Bank is exploring how structured finance techniques can mobilize African domestic capital to support economic infrastructure projects and economic growth. The...
By Omoh Gabriel Business Editor in Washington D.C The Minister of Finance and Coordinating Minister of Economy Dr. Ngozi Okonzo-Iweala said in Washington that the ability...
Investors on the Nigerian Stock Exchange (NSE) staked N5.85 billion on 573.76 million shares traded in 7,232 deals on Wednesday. The volume increased by 40.56 per...
Naira lost 10k to the dollar at the Central Bank of Nigeria (CBN) biweekly Wholesale Dutch Auction System (WDAS) on Wednesday. The apex bank disclosed this...
Nigeria’s stock exchange is reviewing applications from some leading global investment banks to join its trading floor, as reforms aimed at improving liquidity and transparency bear...
Carlyle Group is looking at a number of banks in east and West Africa for a potential investment, its Africa co-head said, as the U.S. private...
The Central Bank of Nigeria (CBN) said on Monday that it sold foreign exchange worth $300 million in the 26th Wholesale Dutch Auction System (WDAS). The...
The Nigerian Export-Import (NEXIM) Bank said on Wednesday that it would execute a 60 million dollar Regional Sealink Project for West and Central Africa. The project,...
By Omoh Gabriel The International Monetary Fund IMF has asked the Federal Government to reduce poorly-targeted fuel subsidies, adopt a rule to set the reference oil...
By Omoh Gabriel The International Monetary Fund IMF, last week advised the Central Bank as well as the federal government to consider winding down the operation...