Diamond Bank has got a major capital boost with Carlyle (CG) Group LP staking $147 million in the bank, which has been one of he most vastly-improving fianancial institutions in the country.... Read more
Stockbrokers have said that the federal government’s austerity measure at cushioning the impact of the decline in the price of crude oil on the economy will have minimal effect on the capita... Read more
The Central Bank of Nigeria (CBN) has said it will begin a comprehensive review of electronic payment guidelines in the country as Nigerians adapt to the hugely successful cashless policy of... Read more
China Railway Construction Corp (601186.SS) (1186.HK) has signed a deal worth nearly $12 billion with Nigeria to build a railway along the West African nation’s coast, Chinese state ne... Read more
The Federal Government has cut down on its expenditure framework as it reckons with the new emerging realities in the global oi sector. In the 2015-2017 Medium Term Expenditure Framework (MT... Read more
MD Access Bank Plc, Herbert Wigwe Access Bank Plc in partnership with Airtel Nigeria Limited has birthed a new mobile money service known as Access Money. The product was launched in Lagos o... Read more
Hope that the liquidity challenges that have crippled the electricity sector will soon be sorted out was kindled Tuesday when players in the sector on Tuesday signed sets of definitive agree... Read more
Unity Bank has named 111 of its customers with bad loans, including Bullet International and Kabo Air. The bank stated in a public notice signed by its management said the published the name... Read more
NDIC Pays N102bn to Failed Banks’ Depositors The Nigeria Deposit Insurance Corporation (NDIC) has paid out N102.49 billion to depositors and shareholders of closed banks, the Managing... Read more
The Federal Government Government is revising its proposed budget benchmark for crude oil prices to $73 dollars per barrel as against $78 earlier proposed to the National Assembly, following... Read more
