Governor of Cross River, Senator Liyel Imoke The Cross River State Government acknowledged a debt profile of N123.9 billion as against N403 billion being reported in some quarters.... Read more
PRESIDENT Goodluck Jonathan on Monday officially inaugurated the Development Bank of Nigeria, which is a new financial institution aimed at providing financial life-line to Nigerian entrepre... Read more
The Central Bank of Nigeria said it will impose sanctions on exporters who fail to repatriate dollar-proceeds, which is part of the new policy measures targeted at shoring up the valu... Read more
The Central Bank of Nigeria, CBN, has protested the proposed amendment being sought by the Nigeria Deposit Insurance Corporation, NDIC, to its enabling Act, describing the move as attempt to... Read more
The Central Bank of Nigeria (CBN) has cleared the air over the health of Nigerian banks. According to the bank, its recent top-down stress tests of Deposit Money Banks (DMBs) reaffirmed tha... Read more
Nigeria’s Treasury bill yields rose across the board at an auction on Wednesday compared with a previous sale on Feb. 18, the Debt Management Office (DMO) said on Thursday. The DMO said it s... Read more
MDAS/ CEO, Zenith Bank, Peter Amangbo Zenith Bank Plc and Guranty Trust Bank have continued in their stiff rivalry on the Nigeria financial market, with both banks posting impressive results... Read more
The world’s richest person got even richer this year. And a basketball superstar-turned-owner made the list for the first time. Forbes said Monday that Bill Gates’s net worth ros... Read more
The sharp fall in oil prices in the last seven months has resulted in a 28.05 per cent drop in Nigeria’s revenue. The country’s gross receipts fell to a total of N3.676 trillion between July... Read more
The Senate has cut subsidy payable on petrol in the coming year to N100 billion, On Kerosene to N45.52 billion. The Senate’s decision to whittle down the costs of some major items in t... Read more
