This year marks 22 years since two young Nigerian bankers – Aigboje Aig-Imoukhuede and Herbert Wigwe – bought a small, nondescript bank and turned it into...
First Bank said it has received the full repayment of a N456 billion loan extended to Heritage Bank. This recovery is part of a “bailout loan”...
Top development organisations have pledged to forge partnerships to expand the Vision for Adapted Crops and Soils (VACS), an initiative aimed at building resilient African food...
The Nigerian Ports Authority (NPA) said on Wednesday that 16 ships were waiting to berth at the Lagos ports. In its ‘Daily Shipping Position’, NPA said...
Oil prices edged lower on Wednesday as a surprise build in U.S. crude stocks and larger-than-expected rise in fuel stocks fuelled demand concerns amid worries of...
The federal government is considering suspending import duties on staple food, drugs and other essential items for six months to slow inflation in Africa’s most-populous nation....
Today, the Nigerian equities staged a rebound, recouping most of its prior session losses as the benchmark index ended 0.24% stronger to settle at 99,284.38. Gains...
The Nigerian Deposit Insurance Corporation (NDIC) says it will pay all the 2.3 million depositors of the failed Heritage Bank their insured benefits within one week....
Bearish sentiment extended in today’s trading session as the All-Share Index closed 0.07% lower to settle at 99,051.02 points. Selloffs in blue-chip ZENITHBANK (-3.03%), FBNH (-1.57%), and UBA (-4.11%) offset...
International energy and infrastructure conglomerate Sahara Group has announced a series of strategic appointments aimed at advancing the expansion of the group’s downstream business in Africa....
