Bank & Finance

Sep 14, 2018
Bain & Company, which has been in the firing line for its work done at the South African Revenue Service (SARS) has set aside R164 million ($10.8 million) of fees…
Sep 12, 2018
The Debt Management Office (DMO) on Tuesday said Nigerians have no reason to panic over Federal Government’s borrowing from China. It said there is no risk of default on the…
Sep 12, 2018
The Federal Government said states owing workers’ salaries would not have access to the remaining $2.69 billion Paris Club refund. It said such states must clear backlogs of salaries and…
Sep 11, 2018
Zimbabwe’s new Finance Minister Mthuli Ncube may scrap the quasi currency bond note and liberalize exchange controls as part of reforms he plans to implement by end of this year,…
Sep 06, 2018
Over 130,000 interviews in a brand name survey and a 12 billion rand (Sh90bn) ‘divorce’ settlement from the Barclays PLC, the Amalgamated Banks of South Africa (Absa) went live on…
Sep 02, 2018
The UN has said that it would provide assistance to no fewer than 6.1 million people affected by the Boko Haram crisis in Northeast Nigeria by the end of 2018.…
Aug 30, 2018
The nation’s foreign exchange reserves have dropped below $46 billion, available data from the Central Bank of Nigeria (CBN) showed on Wednesday.   The reserves, which stood at $47.79 billion…
Aug 30, 2018
The Naira on Wednesday gained 30 kobo to exchange at N359 to the dollar at the parallel market in Lagos, against N359.30 on Tuesday.   The Pound Sterling and the…
Aug 30, 2018
Lagos State Governor, Mr. Akinwunmi Ambode (left), with British Prime Minister, Theresa May (right); British High Commissioner to Nigeria, Mr. Paul Arkwright (left behind) during the arrival of the British…
Aug 28, 2018
British High Commissioner to Nigeria, Mr. Paul Arkwright, on Monday revealed that the United Kingdom recently repatriated about £70 million loot to Nigeria.   Arkwright, who made this known to…
Aug 24, 2018
Following the two-day holiday declared by the Federal Government to celebrate this year’s Eid-El-Kabir, the stock market resumed on Thursday on a positive note as equities investors gained N198 billion.…
Aug 24, 2018
Agricultural, manufacturing and the sectors considered as growth and employment stimulating, can now borrow long term as much as N10 billion at consolidated nine per cent interest rate under new…
Aug 22, 2018
The Emerging Africa Infrastructure Fund (EAIF), today [DATE] announced financial close of its 11-year US$35 million loan to Indorama Eleme Fertilizer & Chemicals Ltd (IEFCL). The transaction is part of the…
Aug 21, 2018
The National Bureau of Statistics (NBS) says a total of 509,668,433 transactions valued at N32.90 trillion was recorded in Nigeria’s banking sector during the second quarter. The NBS stated this…

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