LCCI Warns  CBN against upward review of CRR The Lagos Chamber of Commerce and Industry (LCCI)has warned against the upward review of the Cash Reserve Requirement (CRR) from 22.5 to 27.5 percent. According to the Director- General of LCCI, Mr. Muda...

Afreximbank, SEC Sign N300bn Deal The African Export-Import Bank (Afreximbank) and the Securities and Exchange Commission(SEC) have signed documents to complete the registration of a N300 billion medium-term note under the Bank’s local currency programme. President Afreximbank, Prof Benedict Oramah, said...

RMAFC Recovers N75bn from revenue verification- Mbam Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Engineer Elias Mbam, has said that the commission has recovered over N75 billion from verification and reconciliation of revenue collections since 2015. Speaking to...

Union Bank to divest from UK subsidiary Union Bank of Nigeria (UBN) Plc has entered a share sale and purchase agreement to divest 100 per cent of its equity stake in Union Bank UK Plc (UBUK). The bank said this in...

Julius Berger Rakes in N43.27bn in Q4 Julius Berger Nigeria Plc raked in N43.27bn from road construction in Nigeria between October and December 2019. The company’s financial statement, which was filed at the Nigerian Stock Exchange, showed that in the period...

MTN plans $1.6bn investment in 3 years MTN Group President/CEO, Mr Rob Shuter said the telecom giant has budgeted $1.6 billion investment in Nigeria market for the next three years. The CEO who spoke on behalf of MTN Board led by...