Economy
Banks’ 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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FSDH Group Posts N5.8bn Profit
The FSDH Group recently held its first Annual General Meeting under its new financial holding structure. For the year ended...
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Unity Bank, GTB, others lift NSE’s index by N186b
Following price gains by most blue-chip stocks, especially Unity Bank, and Guaranty Trust Bank (GTB), transactions on the equities sector...
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The 2020 Banking Industry Report – Agusto & Co.
Stage two loans at 23% of Gross Loans- A threat to the Banking Industry’s Financial Condition Agusto & Co....
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Nigerians pay N47.6b in four months for petrol ‘subsidy’
• Govt fails to keep uniform pricing despite fund • Pressure on govt to scrap equalisation fund • Marketers kick...
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Life underwriters deepen industry’s penetration with 2019 financial results
… Optimistic to scale through 2021 recapitalisation exercise The ongoing recapitalisation exercise in the insurance industry may be getting...
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Federal, states, others review terms for schools reopening
ANOTHER step towards the reopening of schools will be taken today as Federal and state governments meet to review the...
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C& I Leasing Raises N2.3bn Fresh Capital to Boost Operations
C & I Leasing Plc has raised about N2.26 billion through a rights issue to boost its operation. The company...
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14 airports now open to domestic flights – FG
The Federal Government on Sunday announced that14 airports were now opened for domestic commercial flight operations. Minister of Aviation, Hadi...
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NSE All-Share Index Rises 0.6% on Gain by Dangote Cement
The stock market recorded a positive performance last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated 0.58...
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CAC adopts electronic distribution of company certificates
As from August 10, 2020, the Corporate Affairs Commission will commence full implementation of an electronic system for company...
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Buhari: $25bn Annual Diaspora Remittance Exceeds 80% of Yearly Budget
President Muhammadu Buhari saturday declared that the $25 billion annual remittance by Nigerians in the diaspora was more than 80...
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Resident doctors threaten fresh strike August 17
The National Association of Resident Doctors (NARD) on Saturday extended the ultimatum given to the Federal Government to meet its...
Read moreNon-oil export earnings rise to $1.21bn
Non-oil export earnings through banks rose to $1.21bn in the first quarter of 2020. The Central Bank of Nigeria disclosed...
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Third Mainland Bridge repairs: FRSC allays fears as motorists queue for switchover
The Federal Road Safety Corps (FRSC) on Saturday reiterated that motorists plying the Third Mainland Bridge should stop all fear...
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Diezani must face N17.6bn money laundering charges – Court
The Federal High Court in Abuja on Friday ordered a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, to appear...
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FG Mandates All Civil Servants to Undergo COVID-19 Test
The federal government yesterday issued a circular directing all MDAs to carry out COVID-19 tests for all civil servants. ADVERTISEMENT...
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New 6% stamp duty charge would be a burden on tenants, surveyors warn
The Nigeria Institution of Estate Surveyors and Valuers (NIESV) has warned that the six per cent stamp duty charge on tenancy and...
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Airtel Africa profit slumps 57%
Airtel Africa Plc on Friday reported a 57 per cent slump in profit after tax in the quarter ended June...
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Worry over multiple security checkpoints
• Nigerians Blame Rising Cost Of Foodstuffs On Roadblocks • Police Justify Deployments The numerous checkpoints and roadblocks on...
Read moreThe Nigerian Banking Industry’s loan book is expected to grow by 11% in 2020.
Agusto & Co. recently released its flagship 2020 Banking Industry Report which provides current and comprehensive analyses on the banking industry...
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N150b hajj fees ‘trapped’ over cancelled pilgrimage
Over N150 billion paid to service providers by Nigerians for this year’s pilgrimage to Saudi Arabia is hanging in the...
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LCCI, expert worry as debt profile rises by 127%
Stakeholders in the economy have expressed worry over the capacity of the country to service its rising debt profile. ADVERTISEMENT...
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We’ve identified plans to generate N18tn revenue – FG
The Federal Government on Thursday said it had identified oil and non-oil initiatives that could help the country generate between...
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Naira weakens further as dominant currencies alter pricing decisions
With many trade transactions benchmarked against dominant currencies like the U.S. dollar, the International Monetary Fund (IMF), has expressed concerns...
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