Following the rising trend of non-performing loans (NPLs) in the banking industry, the Central Bank of Nigeria (CBN) has ordered deposit money banks and discount houses to crack down on…
Nigeria’s overnight lending rates halved to an average 6 percent on Friday from 12.25 percent last week after central bank retired large matured bonds and treasury bills in the week,…
First Bank Holding Company posted an 8.7 percent rise in its first quarter pretax profit to 26.94 billion naira ($135.38 million) after booking higher lending income. Interest income increased to…
Transactions on the Nigerian Stock Exchange (NSE) on Friday closed for the week on a bearish note with the market indicators dropping by 0.03 per cent due to persistent profit…
President Goodluck Jonathan, said on Friday that his meeting with the President-elect, Muhammadu Buhari at the Aso Rock Villa on Friday was to further their conversation on the wellbeing Nigeria.…
Asian giant, Japan, has provided Nigeria with $4.5 million (N886.5 million) grant to purchase disaster reduction equipment, a development which the Minister, National Planning Commission, Dr Abubakar Suleiman, said would…
The Central Bank of Nigeria (CBN) has ordered banks to crack down on borrowers with non-performing loans (NPLs), adding that it would bar debtors from FX market. The move is…
The Major Oil Marketers Association of Nigeria (MOMAN) on Friday threatened to stop the importation of petroleum products over yet-to-be-paid N256 billion subsidy claim by the Federal Government. The Executive…
Africa’s Continental Re plans to double premium income from its property and engineering business to $80 million over the next five years, as it bets on the continent’s infrastructure boom,…
The Nigerian Union in South Africa said on Saturday that Nigerians lost more than 4.6 million Rand (N84 million) to xenophobic attacks . The President of Nigerian Union in South…