Customs Impound 238,094 Bags Of Rice In 11months The Nigeria Customs Service has said that it seized 238,094(50kg) bags of rice across Nigeria from January to November. Other items seized were arms and ammunitions, dangerous drugs as well as vehicles. The Public Relations Officer, NCS, Joseph Attah,...

Merger: As Investors React, Diamond, Access Bank Share Prices Rise The share prices of Diamond Bank Plc and Access Bank Plc increased by 9.47 per cent and 9.40 per cent, respectively, as they confirmed their proposed merger in the early hours of Monday. Diamond Bank emerged...

On Forex,CBN Spends $11bn This Year The Central Bank of Nigeria (CBN) has spent $11bn in foreign exchange interventions in the various segments of the interbank market in from January to December 2018. The interventions, as released by the CBN from time to time and computed...

Nigeria’s export earnings up by 2.8%. Africa’s largest economy, Nigeria is said to have earned $16.2 billion, a 2.8% increase in export earnings in the third quarter of 2018 when compared with the second quarter of the year, data from country’s central bank shows; indicating...

Non-performing Banks' Loan Rise To N2.24trn Nigerian bank’s non-performing loans stood at N2.245tn as of the end of September 2018, according to the National Bureau of Statistics. The NBS revealed that in the period under review, the country’s gross loans stood at N15.861tn, while loans (after...

IATA Predicts N109.3bn Loss For Nigeria, Other African Carriers In 2019 The International Air Transport Association (IATA) has predicted that Nigeria and other African countries will experience bleak 2019 in their aviation industry with a record $300 million (an estimated N109.350bn) loss for the continent’s...