Nairametrics| After some weeks of dropping teasers about the creation of a new Development Bank of Nigeria to the public, yesterday the Ministry of Finance announced that the Central Bank…
Nairametrics| The Central Bank of Nigeria (CBN) has tagged, as concoctions, the rumors making the rounds in some media houses last night that two of the apex bank’s directors had…
Nairametrics| Nigeria on Wednesday announced that it has finally raised $500 million via a 15-year Eurobond issuance. The bonds were raised at a yield of 7.5%. The $1 billion Eurobond…
Nairametrics| Fifa has released broadcast right for Sub-Saharan Africa for the World Cup scheduled to be held in Russia in 2018. Here are the companies that won the rights; Econet…
Nairametrics|The Managing Director of Egbin Power Plc, Mr. Dallas Peavey said the company may shut down operations due to a N110 billion debt owed it by the Federal Government (FG).…
Nairametrics| Nigeria has just concluded another $500 million Eurobond offer at an interest rate of 7.5%. This has now increased Nigeria’s foreign currency denominated loan portfolio to about $13 billion…
Nairametrics| Stanbic IBTC, on Wednesday, disclosed that telecommunications operator, Etisalat Nigeria still owes the bank debt to the tune of $24 million. Discussions on restructuring the loan were ongoing. StanbicIBTC…
Mobil today released audited results for the financial year ended 31 December 2016. Turnover N’million FY 2016| N94,108 FY 2015| N64,221 %age change|47% Profit after tax N’million FY 2016| N8,154…
To boost bilateral ties and increase inflows of foreign direct investments, stakeholders within Nigeria and Norway have sought opportunities in the non-oil sector in addressing economic challenges bedevilling the two…
The pace of Islamic banking model in the country is fast gaining momentum, just as the Non-Interest Banking unit of Sterling Bank Plc got a $15 million facility from the…