Currency in circulation dropped to N2.18tn in February
Currency in circulation dropped by N61bn from N2.24tn as of the end of January 2020 to N2.18tn at the end...
We’ve provided single digit interest loans to 1.5m farmers – CBN
The Central Bank of Nigeria (CBN) has said through its various interventions in the agricultural sector, at least 1.5m small...
Stanbic IBTC posts N75 billion profit
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has declared a profit after tax of N75 billion in...
Coronavirus: FG to cut budget, seeks new oil benchmark
Amid tumbling prices of crude oil, the Federal Government is set to cut the country’s 2020 budget. The President, Major...
FG’s pension liabilities rose to N494.12bn in 2019
The National Pension Commission (PenCom), has disclosed that Federal Government’s total arrears of pension liabilities stands at N494.12 billion as...
FG’s pension liabilities rose to N494.12bn in 2019
Investors in the nation’s stock market lost N329bn at the end of trading on Monday following the commencement of an...
Kano dethrones Emir Sanusi
The Kano State Government led by Abdullahi Ganduje has announced the sacking of the Emir of Kano, Muhammad Sanusi II....
Oil price crashes to $33, loses $11 in hours
The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel....
Furore over alleged exclusion of South East, Edo from $22.7b loan
Except they are reconsidered, the entire South East geopolitical zone as well as Edo State may not benefit from the...
Power sector loses N117.8bn to gas shortage, others
Between January 1 and March 6, Nigeria’s power sector lost N117.8bn, investigation has shown. Findings showed that the sector kept...
Coronavirus: Analysts express concern on implications for budget, GDP projections
President Muhammadu Buhari had last October laid a proposed budget (Appropriation Bill) of N10.33trn before a joint session of the...
Nigerians shun PoS transactions over charges
THE volume of electronic payment transactions through Point of Sale (PoS) terminals dropped by 4.83 billion in one month. It...
Access Bank Records N115bn Profit, Recommends 40k Final Dividend
Access Bank Plc is still savouring the benefits of its decision to merge with former Diamond Bank Plc as the...
Marketers want dollar at N306 to import petrol
Oil marketers under the aegis of the Major Oil Marketers Association of Nigeria have said access to the dollar at...
Equities record first weekly gain in three weeks
Bargain-hunting across banking sector propelled the stock market to its first weekly gain in three weeks, as investors jostle for...
Lagos-Ibadan rail held by coronavirus outbreak, says Amaechi
The ongoing construction work on the Lagos-Ibadan rail project has been put on hold due to the outbreak of the...
NNPC to diversify into power sector
As part of measures to ensure stable power supply in the country, Nigerian National Petroleum Corporation, (NNPC) has announced its...
55 Nigerian oil cargoes unsold as demand tumbles
Oil traders are struggling to find buyers for 55 Nigerian crude oil cargoes as the spread of the coronavirus has...
Standard Bank Issues Inaugural Green Bond
Standard Bank of South Africa Limited has issued its first-ever green bond, via private placement with the International Finance Corporation...
Coronation Merchant Bank’s Profit Rises to N5.097bn
Coronation Merchant Bank Limited has announced its audited financial results for the year ended 31 December 2019, with a 14...
PwC forecasts volatile outlook for Africa’s capital markets
PricewaterhouseCoopers (PwC), a multinational professional services network of companies, has projected that Africa’s equity capital market (ECM) will sustain its...
Forex racketeering: Reps probe CBN, FIRS, others over $30bn leakages
The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue Service over...
‘Refineries recorded N12.6b expenses‘
THE Nigerian National Petroleum Corporation (NNPC) has said its three national refineries undergoing rehabilitation recorded N12.6 billion operational expenses last...
Coronavirus: FG to review budget as oil price plunges
The Federal Government has announced plans to review the 2020 budget as crude oil revenue comes under pressure from the...
FMDQ, AFEX seal pact on N2.5trn loans for farmers
The Financial Market Dealers Exchange and the AFEX Commodities Exchange Ltd have partnered to unlock about N2.5trn financing to over...
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