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Naira gains seven points against Dollar after CBN intervention
The Naira on Tuesday appreciated to N363 per dollar in the parallel market. Naira dropped to N363 per dollar from N370 per dollar on...

South Africa slides into second recession in 10 years
South Africa has fallen into second recession in a decade after economic growth dipped by 0.7% between January and March. Value of Rand,...

Nigerian’s market best, profitable for investors – Ag President, Osinbajo
Nigeria is one of the most profitable places in the ECOWAS sub-region for business and investment, Acting President Yemi Osinbajo, SAN,...

Nigeria’s debt hits N19trn as World Bank forecasts growth for developing countries
​Nigeria’s total indebtedness​​ to foreign and local creditors ​now stands at N19.16tn,​ according to latest figures by​ the Debt...

Naira continues to gain against dollar
The Naira appreciated to 374 to US dollar on Thursday. The local currency had a good week, maintaining its grip against the greenback....

Naira puts up strong showing against dollar
The ​N​aira, Wednesday, remained stable  ​at N375 per dollar in the parallel market. ​The local currency has maintained the figure in the...

Lagos generated more IGR than 30 States combined in 2016 [See index]
Economic Intelligence Magazine, Economic Confidential,​ ​has released its Annual States Viability Index (ASVI) which shows that fourteen...

Zenith Bank celebrates Children’s Day, Democracy Day with Airtime Giveaways Promo
If you are a Zenith Bank customer, this long weekend will be a very happy one for you as the bank begins its Children’s Day and Democracy...

Osinbajo seeks approval to borrow $1.28bn, €9m
Acting President Yemi Osinbajo has sought to include the Development Bank of Nigeria (DBN) and Fund for Agricultural Finance in Nigeria...

Federal, state and local government share N415.730b in May
The federal, state and local government areas have‎ shared N415.730 billion for the month of May, the Accountant General, Ahmed Idris had...

UBA puts customers first, introduces world class mobile banking app
In demonstration of its commitment to deliver superior and innovative banking solutions to its customers, pan African financial...

Why we de-registered 46,000 companies in Nigeria – CAC
The Corporate Affairs Commission (CAC) has said it de-listed 46, 000 companies in its 2016 gazette that was made public recently because...

Nigerian Naira no longer useful abroad – Mailafia
A former Deputy Governor of the Central Bank of Nigeria, CBN, Dr Obadiah Mailafia, has lamented that the naira could no longer be used...

S&P ‘B/B’ ratings ​,​ stable outlook on UBA Plc at par with the Nigerian Sovereign
International Rating Agency, Standard and Poor’s (S&P) assigned its ‘B’ long term and ‘B’ short term global scale counterpart credit...

Naira climbs to a 3-month high against dollar
Naira cruised strongly into the weekend, exchanging at N380/$1 in the parallel market. This is ahead of Monday’s Central Bank of Nigeria...

Elumelu, African leaders commend AFC on World Class Governance Standards
Chairman, United Bank for Africa Plc, Tony O. Elumelu, has hailed the African Finance Corporation on its various initiatives and...

CBN releases list of items valid for Forex
The Central Bank of Nigeria (CBN) on Wednesday published a list of items, for which importers can source foreign exchange (Forex) from...

Nigeria’s inflation rate drops for third consecutive month
The National Bureau of Statistics, NBS, on Tuesday said the Consumer Price Index which measures inflation dropped from 17.26 per cent in...

Stanbic IBTC appoints Basil Omiyi as new Chairman
The Board of Directors of Stanbic IBTC Holdings Plc, Monday appointed​ ​Basil Omiyi as the Chairman of the Board with effect from 15th...
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