Coronation Merchant Bank, IFC partner on N14bn facility
Coronation Merchant Bank has partnered with the International Finance Corporation (IFC) to a launch a N14.4 billion Trade Finance Guarantee...
Naira falls N413 to dollar at forward market
The naira on Friday depreciated past N400 to dollar at the forward market after Nigeria recorded its first case of...
Equities record worst weekly losses over coronavirus spread, others
The Nigerian Stock Exchange (NSE), last week, suffered the biggest weekly losses since April 2019, following massive selloffs and exit...
DMO reports 458.2bn over-subscription in Feb. bonds auction
The Debt Management Office (DMO) has announced that Federal Government’s monthly bond auction for the month of February 2020, was...
Nigeria Confirms First Case of Coronavirus
The federal government has confirmed the first case of coronavirus, officially known as COVID-19, in Nigeria. The deadly virus was...
Nigeria’s 2020 Finance Act will end tax multiplicity- FIRS
Mr Isola Akingbade, Coordinator, Federal Inland Revenue Service (FIRS) in Ondo, Ekiti, and Kwara, says the 2020 Finance Act will...
NDIC wins N1.4bn case against defunct Gulf Bank debtor
The Nigeria Deposit Insurance Corporation (NDIC) has secured a judgment against Jolimair Nigeria Limited and three other debtors on their...
IFC announces $25million shared-risk facility for Nigerian bank’s customers
International Finance Corporation (IFC), a member of the World Bank Group, yesterday, announced a $25million local-currency investment in a risk-sharing...
Dipping oil prices threaten budget 2020
GLOBAL crude oil prices continued to contract on Thursday as countries across the world continue to record new cases of...
Shipping lines may lose $1.7bn to Coronavirus – Report
A Copenhagen-based analysis company, Sea-Intelligence, has predicted that international shipping lines may lose $1.7bn in revenue following the impact of...
Stock Market Slips into Negative Territory as Bears Consolidate Hold
The Nigerian equities market continued with the bearish trend following weak investors’ sentiment and negative reaction to unimpressive corporate earnings....
FG awards N29.2bn roads to Niger Republic borders
The Federal Executive Council on Wednesday approved the award of two roads contracts linking Nigeria’s borders with the Republic of...
Dangote cement pays N16 dividend per share
Investments made by Dangote Cement Plc in various parts of Africa have begun to yield results as Pan-African sales volume...
NNPC to Double Nigeria’s Domestic Gas Supply, Export Fuel by 2023
The Nigerian National Petroleum Corporation (NNPC) is to expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline...
CSL stockbrokers appointed as new stockbroker to the Federal Government
CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal Government of...
Reps probe banks charges
The House of Representatives Committee on Banking and Currency has been mandated to liaise with professional financial consultants to investigate...
Nigeria’s recession buffer weak as Coronavirus drives oil near $47/bbl
• Rising insecurity threatens investment, diversification With the impact of the coronavirus taking a toll on oil demand and...
Nigeria recorded $29.91 billion investment inflows in 2019
About $29.91billion worth of investments were recorded in the Nigerian economy as at the end of 2019, the Nigerian Investment...
Dangote Commences Pre-testing of $2bn Fertilizer Plant ahead of Inauguration
Dangote Fertilizer Limited has begun countdown to the inauguration of its $2 billion Granulated Urea Fertilizer complex, with several critical...
New Report Rules out Naira Devaluation in 2020
A new report has revealed that naira devaluation is unlikely in 2020 despite it being nine per cent overvalued and...
Housing Fund: 4.65m contributors lack access to mortgage, loans
As the Federal Mortgage Bank of Nigeria’s (FMBN’s) National Housing Fund accruals hit N360bn, 4,647,000 out of the five million...
Passenger revenue lost to coronavirus hits $29.3 billion
• If you are sick, don’t travel, flight dispatchers advise Nigerians As the coronavirus epidemic continues to spread and...
Alleged debt: Ecobank demands N3.3b from oil firms
ECOBANK Nigeria Limited on Tuesday urged the Federal High Court in Lagos to order Sahara Group Limited to pay it...
N900m debt: Buhari ex-loyalist, Galadima, loses house, firm to AMCON
A Federal High Court sitting in Abuja, in Suit No. FHC/ABJ/CS/1136/2019 has ordered the Asset Management Corporation of Nigeria to...
Tax evasion: Tribunal orders firm to pay N1.7 billion to FIRS
The Tax Appeal Tribunal, Lagos Zone, has ruled as lawful, an assessment in additional tax liability of almost N1.74billion awarded...
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