By Laz IBEABUCHI LAGOS– BANK’s lending to the Nigerian economy depreciated by 2.7 per cent in the second quarter of 2012. This was in contrast to...
Laz IBEABUCHI ABUJA-Nigeria moved closer on Tuesday to joining most of its OPEC partners in steering oil revenues into longer-term investment, announcing a top management team...
THERE are strong indications that financial institutions in the Nigeria have refused to finance fuel importation, which may lead to scarcity of petroleum products in Nigeria,...
The Central Bank of Nigeria (CBN) said inLagos that it would commence a 24-hour transaction settlement on Point of Sales (PoS) for merchants.
The nation’s inflation rate declined by 0.1 from the 12.9 per cent in June to 12.8 in July, according to the latest figures released by the...
The impeachment threat on President Goodluck Jonathan over the poor budget implementation is causing uncertainty and may put a caution tag on Nigeria as an investment...
Nigeria's state-backed "bad bank" AMCON has appointed Citi and Renaissance Capital to determine the value of three lenders it nationalised last year before deciding on the...
The African Development Bank plans to float Africa’s first infrastructure bond to member nations to raise up to $22 billion for investments in projects such as...
Islamic wealth manager Lotus Capital and Nigeria’s bourse (NSE) on Monday launched a debut index of Nigerian Stock Exchange-listed companies that comply with centuries-old Islamic investment...
Nigerian lenders including Guaranty Trust Bank Plc (GUARANTY) and United Bank for Africa Plc may retreat from opening units across Africa after a central bank directive...
