Probing Of NNPC Over $1bn ‘Diverted’ NLNG Dividend Begins
Probing Of NNPC Over $1bn 'Diverted' NLNG Dividend Begins
The Senate has begun an investigation of the diversion of $1.05bn from the Nigerian Liquefied Natural...
DisCos Record N36bn Monthly Collection, 65% Efficiency Level
DisCos Record N36bn Monthly Collection, 65% Efficiency Level
Electricity Distribution Companies (DisCos) said they have improved their electricity supply revenue collection to N36 billion level...
AMCON Releases List Of N906bn Bad Debtors
AMCON Releases List Of N906bn Bad Debtors
The Asset Management Corporation of Nigeria has released the list of what it calls delinquent debtor firms who...
CBN Injected $39bn To Stabilise Naira Last Year
CBN Injected $39bn To Stabilise Naira Last Year
Between January and December last year, the Central Bank of Nigeria injected about $39.9bn to defend the...
Customs Seizes N414.7m Worth Contraband Goods
Customs Seizes N414.7m Worth Contraband Goods
The Nigeria Customs Service (NCS) has announced its seizure of contraband goods worth NN414.71 million smuggled into Nigeria through...
Forex Market Trades $327m, Foreign Investors Buy Bonds
The nation’s foreign exchange market recorded $327m worth of transactions on Monday, about six times more than its usual volume, the FMDQ OTC Securities...
CBN Warns Banks Against Illegal Money Transfer
The Central Bank of Nigeria has directed the Deposit Money Banks to conduct Know Your Customers’ Business to ensure customers do not make illicit...
CBN Consents Heritage, Enterprise Banks Merger
Bank of Nigeria (CBN) has consented to the merger between Heritage and Enterprise banks following the approval of the merger by the Federal...
Trade deficit: More job loss likely in banks
Twenty Deposit Money Banks (DMBs) are expected to fire at least 10,000 out of their estimated 110,000 workers before the year-ends, The Nation has...
Emefiele: With Inflation at 18.3%, It’s Not Rational to Cut Interest Rate
As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepare to commence its last meeting for 2016 tomorrow, the CBN Governor, Mr. Godwin...
Perspectives on Reforms: Cases for and Against
Tne major hindrance to good policies or reforms in Nigeria is selfish interest. No matter how good the policies of government are, corruption and...
External Reserves Drops By $669m In July ― CBN
External Reserves Drops By $669m In July ― CBN
The nation’s external reserves fell by $669m last month, data from the Central Bank of Nigeria...
N949bn Bank’s Deposits Intact, NDIC Assures Customers
N949bn Bank's Deposits Intact, NDIC Assures Customers
Nigeria Deposit Insurance Corporation (NDIC), has assured customers of the defunct Sky Bank Plc, of maximum guarantee and...
CBN Predicts Stability In FX As External Reserves Hit $43bn
CBN Predicts Stability In FX As External Reserves Hit $43bn
The Central Bank of Nigeria (CBN) Thursday said it expected further stability in the foreign...
CBN Increases MFBs’ Capital Base To N5bn
CBN Increases MFBs’ Capital Base To N5bn
The Central Bank of Nigeria (CBN) has raised the minimum capital base of microfinance banks (MFBs) in the...
CBN to Release Flexible Exchange Rate Policy Today
…shifts capital adequacy compliance date for banks
The new flexible exchange rate policy will be released today, the Acting Director, Corporate Communications of the Central...
Naira Falls Further to 414/Dollar
The naira fell to a new low of 414 against the United States dollar on Sunday amid the continued scarcity of foreign exchange in...
PenCom Invests N8.744trn Pension Assets in 24 Asset Classes
PenCom Invests N8.744trn Pension Assets in 24 Asset Classes
The National Pension Commission (PenCom), said it invested the accumulated N8.744 trillion pension assets in 24...
Insurance Sector’s Premium Rises To N400bn
Insurance Sector's Premium Rises To N400bn
The Nigerian insurance sector’s premium rose by 10 per cent to N400bn in the 2018 financial period, according to...
Equities Gain Over N2.2trn in First Half
Equities’ investors at the stock market are smiling to the bank as they netted more than N2.2 trillion gains in the first half of...
