President Muhammadu Buhari has written to the National Assembly to seek for approval to issue an additional $500 million Eurobond to fund capital projects in the 2017 budget. This was revealed during a Senate session yesterday. The latest demand follows the oversubscription of a similar bond...

The Federal Ministry of Finance has confirmed the completion of the recruitment exercise for the Executive Management team of the Development Bank of Nigeria (DBN), and has formally applied for the issuance of its operational license from the Central Bank of Nigeria (CBN), which...

...IMF: Additional exchange rate depreciation could further worsen already high NPLs ...Rising exports slash trade deficit balance to N104bn The import substitution policies being driven by the Central Bank of Nigeria (CBN) and the federal government appear to be yielding results, as a country assessment report...

The African Development Bank Group (AfDB) and Nigeria’s United Bank for Africa (UBA) have signed a $150 million loan agreement to finance Small and Medium Scale enterprises (SMEs). The loan was initiated to also finance infrastructure and women-owned enterprises in Nigeria, AfDB has said. “The Fund...

The foreign investment in Nigerian equities in the third quarter of 2016 fell to nine – year low as investors seek safety in less risky and high yielding fixed income securities. The capital importation data supplied by the Central Bank of Nigeria (CBN) and recently...

The African Development Bank’s Board of Directors has approved a $600m loan for Nigeria, several months after the Federal Government had approached the lender for a budget-support facility. The loan is meant to help Nigeria plug its budget deficit as the nation grapples with its...