The Central Bank of Nigeria on Thursday offered the sum of $100 million to meet the requests of wholesale customers, out of which $91 million was taken, indicating greater apprehension amon... Read more
Recent reports that Transparency International UK had endorsed the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, have proven to be false. A statem... Read more
Shareholders of Zenith Bank Plc on Wednesday approved final dividend of N55.573 billion for the year ended December 31, 2016, bringing the total payout to N63.422 billion. The dividend, whic... Read more
Fitch Ratings released the following statementon Wednesday on the health of Nigerian banks in the face growing economic challenges. Link to Fitch Ratings’ Report: Nigerian Banks: Peer... Read more
The World Bank’s Board on Tuesday approved a $200 million credit support for the Federal Government of Nigeria to address the acute humanitarian and forced-displacement crisis triggered by... Read more
Controversy over the disputed Oil Prospecting License, OPL, 245, took another dimension on Tuesday, as son of late Head of State, Gen. Sani Abacha, Mohammed, approached the Federal High Cour... Read more
Africa’s richest man, Aliko Dangote plans to invest $500 million in establishing a sugar processing facility in Nasarawa State, Nigeria. According to a report by Channels Television, Dangote... Read more
The Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity. The government ascribed the fe... Read more
Ifeanyi Ubah, the chairman of Capital Oil and Gas Industries Ltd has called for a reconciliation of the company’s account with the Nigerian National Petroleum Corporation (NNPC). Ubah, mad... Read more
Despite economic recession, the following first federal government’s objective of using the automotive policy to enhance local production of vehicles and develop the linkage industry, has co... Read more