AdminApr 30, 20171 min readZenith Bank posts N44bn profit before tax in Q1 2017Zenith Bank has released its first quarter (Q1) 2017 results. The results show strong double-digit growth in profit before tax (PBT) (38%...
AdminApr 30, 20174 min readAbacha loot: We can’t find any more information – World BankThe World Bank has told Socio-Economic Rights and Accountability Project (SERAP) that it “cannot locate any additional information on the...
AdminApr 26, 20171 min readCitibank fined $5m for forex riggingSouth Africa’s Competition Tribunal on Wednesday confirmed a 69.5 million rand (5.25 million dollars) settlement with Citibank for its...
AdminApr 26, 20172 min readBuhari writes NASS again, seeks approval to borrow $5.851bn foreign loanPresident Muhammadu Buhari has again written to the National Assembly, seeking the approval to borrow $5.851bn for the upgrade of various...
AdminApr 26, 20172 min readDangote’s new Pasta products to compete with riceIn a major strategic move to grow its market equity in Africa, Dangote Flour has unveiled new improved pasta products called...
AdminApr 26, 20171 min readAllocation soars as FG, States, LGs share N468bn for MarchThe Federation Account Allocation Committee on Tuesday shared N467.8 billion. The figure is N38.7 billion more than what the three tiers...
AdminApr 25, 20172 min readAFDB releases $280 million to support Nigerian youths in agricultureThe African Development Bank (AfDB) has provided $280 million to support youths who are interested in agriculture in Nigeria. AfDB...
AdminApr 25, 20172 min readCBN to stop bank accounts without BVN from August 1The Central Bank of Nigeria,CBN, said all customers without Bank Verification Number, BVN, linked to their bank accounts will not be...
AdminApr 25, 20172 min readSoludo tells CBN to scrap multiple exchange ratesA former Governor of the Central Bank of Nigeria, Prof. Chukwuma Charles Soludo, has called on the Federal Government to scrap its policy...
AdminApr 23, 20171 min readWhat Nigeria must do to revive economy – IMFThe International Monetary Fund (IMF) has stated that what Nigeria requires to address tremendous shocks holding its economy back is a...
AdminApr 21, 20171 min readCBN suspends charges on withdrawal, says banks should revert to old policyThe Central Bank of Nigeria (CBN) has suspended its earlier directive on the implementation of cashless policy till further notice. The...
AdminApr 20, 20172 min readAccess Bank gets new Group Deputy Managing DirectorAccess Bank Plc has announced the appointment of Mr. Roosevelt Michael Ogbonna, as Group Deputy Managing Director to replace Mr. Obinna...
AdminApr 19, 20173 min readDangote Flour divests from Noodles, cedes assets to DufilAs part of its regular business portfolio review, Dangote Flour Mills (DFM), has exited its noodles business as it does not consider it...
AdminApr 18, 20172 min readCBN speaks on intervention to make dollar availableThe Central Bank of Nigeria (CBN) says it is continuing with intervention to sustain dollar availability in the foreign exchange market....
AdminApr 18, 20172 min readChina reveals what Nigeria must do to get more fundsProf. Zhang Yong-Peng, a research fellow at the Chinese Academy of Social Sciences (CASS), in Beijing, China on Tuesday, said the Chinese...
AdminApr 17, 20173 min readTSA: Nigerian government realises N7trillionThe Federal Government recorded over N7 trillion in the Treasury Single Account (TSA) towards the end of March 2017. Accountant General...
AdminApr 13, 20172 min readInflation drops by 0.52 % in MarchThe National Bureau of Statistics on Thursday, revealed that inflation dropped by 0.52 percent in March, the second decline recorded on...
AdminApr 13, 20171 min readNigeria’s economic growth under Goodluck Jonathan was fake – World Bank consultant, AjakaiyeThe President of Nigeria Economic Society and a World Bank consultant, Olu Ajakaiye, has described the economic growth recorded during...
AdminApr 12, 20171 min readNigerians have too many identity cards – World BankThe World Bank ​on Wednesday complained about the multiplicity of identity cards issued to Nigerians for specific identity-related...
AdminApr 12, 20171 min readNigeria Banks in trouble as Senate uncovers N30 trillion FOREX diversionChairman, Senate Committee on Customs and Excise Duties, Hope Uzodinma, has stated that its Committee has discovered high level...
