Financial

States Recieved N1.19tr From Federal Government   Between 2015 and September 2017, states got N1.19 trillion support from the Federal Government, Vice President Yemi Osinbajo said...

Banks Loan- Request From CBN Hits N11.73trillion Commercial banks’ three-month total loan requests from the Central Bank of Nigeria (CBN) stood at N11.73 trillion as...

On Losing Spree, Stocks Hits One-Month Low   Trading on the floor of the Nigerian Stock Exchange extended losses into the sixth consecutive session as sustained...

Power Sector Losing N24bn Monthly To Imported Fuel –Fashola The Nigerian electricity supply industry is losing an estimated N24bn monthly as a result of the...

Finance Minster- We’ll Expose Tax Debtors With Bank Account Data   The Minister of Finance, Mrs. Kemi Adeosun, has advised wealthy Nigerians to take advantage of...

Financial Stocks Lift NSE’s Turnover By N24billion   Heavy transactions in the shares of some banks, especially Sterling Bank, and Skye Bank, last week lifted the...

DMO- National Assembly Approved $300m Diaspora Bond   The Debt Management Office said the National Assembly approved the Diaspora Bond, which was used to borrow $300m...

Airlines To Save N11.6b Yearly From Removal Of VAT, Others   The planned review and removal of the mandatory Value Added Tax (VAT) on all air...

Operators Fault Aviation Minister On Alleged N516bn Debt   Airline operators have questioned the veracity of the N516 billion debts, which the Minister of State, Aviation,...

NEXIM Bank Set To Revive Multi-Trex With N5bn   NEXIM Bank is expected to revive Multi-Trex Integrated Foods Plc with the sum of N5bn to get...

MTN plans to raise $500m from stock market Nigeria’s biggest mobile-phone company, MTN, plans to raise about $500 million from the sale of shares during...

Banks’ Assets Hit N34.6trn In 2017   The total assets and liabilities of deposit money banks in Nigeria rose N34.6 trillion, in 2017. This represented 9.2...

Forex: CBN intervenes in Retail SMIS with $325.64m The Central Bank of Nigeria (CBN) has again intervened in the Retail Secondary Market Intervention Sales (SMIS)...

FG Targets $24bn Investments Through Policy The federal government has said that its newly launched Economic Recovery Growth Plan (ERGP) focus lab would help the...

Amidst Persistent Bear Run, Equities Trading Volume Surges 337% The volume of trading surged at the stock market Thursday boosted by huge transaction in the...

Govt Set To Redeem N762.5bn T-bills With Planned Eurobond Sale The Federal Government is planning to redeem N762.5bn ($2.5bn) worth of Treasury bills from the...

As 26 Stocks Decline, Market Sinks Further The bearish sentiment of the equities market from the start of the week persisted on Thursday as the...

CBN- Nigeria Makes N7.3tr From Oil In 2017 Nigeria’s total revenue from crude oil rose by 29 percent to N7.3 trillion in 2017, reflecting impact...

Kano Votes N12.4m to Check Desertification Kano State Government has approved N12.4 million to produce two million assorted seedlings as part of efforts to check...

FG Reappoints Consortium Of Banks To Handle $2.5bn Eurobond The Federal Executive Council on Wednesday reappointed a consortium of banks to handle the nation’s $2.5bn...