Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Banks raise lending rates to 30%
Banks’ loans to customers were priced between 15.01 per cent and 30.70 per cent in the first quarter of this...
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One year on, multibillion naira goods stuck at Seme border
• Operators, Service Providers Put Daily Losses At Millions Of Dollars • Smuggling Still Rife – Experts • Closure Against ECOWAS...
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Eid-El Kabir: Errors push PoS failed payments to 23%
Many Nigerians experienced declined transactions on Point of Sales terminals all over the country as PoS transactions failure rate hit...
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Multiple taxes, bills choke Nigerians amidst pay cuts, pandemic
Multiple taxation, bill hike and salary cuts are fast becoming the new normal to business owners and workers in Nigeria....
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Many public assets not actively managed — Aganga
A former Minister of Finance, Olusegun Aganga, has said there are so many assets held by different ministries, departments and...
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Banks Squeezed as CBN Shores up Naira
Nigeria’s banks are expected to take a big hit to revenues and face rising borrowing costs this year as the...
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Be patient, pray, Buhari, Saraki tell Nigerians at sallah
President Muhammadu Buhari, yesterday, urged Nigerians to continue to exercise patience in the face of inconveniences created by enforced measures...
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Investors to boost gold trade in Nigeria
The Event Manager, Gold West Africa, Nicole Smith, has said the organisation is working with investors to develop trade in...
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NNPC: no stolen crude oil found in China
THE Nigerian National Petroleum Corporation (NNPC) on Thursrday denied reports (not by The Nation) that its officials sold 48 million...
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FIRS extends returns filing deadline by 7 days
The Federal Inland Revenue Service (FIRS) has extended the deadline for filing of returns in a number of tax categories...
Read moreDormant loans hit N1.2tn as experts differ on plans to debit defaulters
Non Performing Loans (NPLs) have risen to N1.2 trillion as of June 2020, with a N721.3 billion increase since 2015,...
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FBN Holdings Records 56% Growth in Half-year Profit to N49.5bn
FBN Holdings Plc wednesday reported gross earnings of N296.4 billion for the six months ended June 30, 2020, showing an...
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Sustained bargain-hunting pushes index further by 0.18%
Following sustained bargain-hunting in some blue-chip stocks, trading on the Nigerian Stock Exchange (NSE), closed upbeat yesterday, as All Share...
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Stage 2 loans could threaten banks’ financial condition
The volume of stage two loans could be a threat to the banking industry’s asset quality and future profitability even as...
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Naira plunges to N472/$ as forex scarcity worsens
The naira on Tuesday traded at N472 to a dollar at the parallel market as foreign exchange scarcity persisted. The...
Read moreCRR: CBN holds N900b customers’ deposits with banks
THE Central Bank of Nigeria (CBN) has been holding on to N900 billion of lenders’ deposits as Cash Reserve Ration...
Read moreNNPC in $1.5bn oil-for-loan deal with traders
The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal led by Standard Chartered and backed by two oil...
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Equities record largest fall in three weeks, as investors lose N70b
Weak sentiments and selloffs across bellwether stocks, especially MTN Nigeria, Guaranty Trust Bank, and Seplat led to the market’s largest...
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Lafarge Africa Grows Profit by 89% to N23 Billion
A cost efficient strategy boosted the profitability of Lafarge Africa Plc despite the margin rise in revenue for the half...
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World Bank, Discos Meet Today over Forensic Audit
Investors in the power distribution companies will today make a presentation in a meeting with the World Bank over the...
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FG Bows to Pressure, Reopens Schools for Graduating Students
Atiku, NUT, private school owners hail decision PSN lists eight conditions for safe re-opening of schools WAEC commences August 17...
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Commercial banks write-off N1.9trn bad debts in 4yrs
A minimum of N1.9 trillion impaired loans has been written off by commercial and merchant banks operating in Nigeria from...
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E-bills payment rises by 86%, reaches N444.16bn
The payment of bills electronically almost doubled from January to May this year, compared with the same period in 2019....
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Buhari Appoints Two Deputy Commissioners for NAICOM
President Muhammadu Buhari, has approved the appointment of Alhaji Sabiu Abubakar and Mr Oba Oluniyi as Deputy Commissioners for Insurance,...
Read moreBanks’ non-performing loans now N1.2tn – CBN
Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank...
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