Bank & Finance

Apr 26, 2019
The Central Bank of Nigeria, CBN, Wednesday, continued its intervention in the internet-bank segment of foreign exchange market as it injected another $210 million. According to the CBN, authorised dealers…
Apr 26, 2019
Nigeria’s House of Representatives is set to investigate the country’s loss of $27 billion oil revenue to International Oil Companies (IOCs) since 1999. The development followed the lawmakers’ passage for…
Apr 24, 2019
The chief executive officer of Galaxy Transportation and Construction Services Limited, Babagana Dalori, has been arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly defrauding Nigerians through a…
Apr 24, 2019
The Nigerian Minister of Finance, Mrs. Zainab Ahmed, has assured that Nigeria’s borrowing still remains healthy at 19 per cent to the Gross Domestic Product (GDP); which is low compared…
Apr 23, 2019
The Board of Directors of the Agriculture Fast Track Fund (AFT) of the African Development Bank (AfDB) have approved US$23 million grants to support agribusiness Small-and-Medium- sized Enterprises (SMEs) in…
Apr 18, 2019
The Special Presidential Investigation Panel for the Recovery of Public Property on Wednesday said it had recovered the sum of 20 million dollars from one of the commercial banks in…
Apr 17, 2019
Riding on the success of mobile money growth in West Africa, with a contribution of over $50 billion in 2018, which is equivalent to 8.7 per cent of the region’s…
Apr 16, 2019
The Government of Nigeria has disclosed that discussions were ongoing with the World Bank to secure a $1 billion loan for the development of the power sector. This was revealed…
Apr 11, 2019
The internet-bank Foreign Exchange was on Tuesday boosted by the Central Bank of Nigeria, CBN, with the injection of another $210 million. This was disclosed by the Director, Corporate Communications…
Apr 10, 2019
The International Monetary (IMF) on Tuesday reviewed Nigeria’s Gross Domestic Product (GDP) projections for the second time in 2019 to 2.1 per cent. The prediction is the second in 2019…
Apr 09, 2019
The Federal Government says it has signed an agreement with the Islamic Development Bank (ISDB) for the funding of the National Hajj Commission and the nation’s textile industry. The fund…
Apr 08, 2019
In a bid to recover a debt of ₦343,895,137, Stanbic IBTC bank Plc has renewed its legal battle against a shipping company, Enegas Power limited and two Directors of the…
Apr 06, 2019
Executive Directors of the World Bank on Friday unanimously selected David Malpass, a senior US Treasury official in President Donald Trump’s administration, as the new president of the World Bank…
Apr 05, 2019
The International Monetary Fund (IMF) has thrown its weight behind the planned increase in Value Added Tax (VAT) by the Federal Government. The Organisation also encouraged the country look into…
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