Zenith Bank posts N44bn profit before tax in Q1 2017
Zenith Bank has released its first quarter (Q1) 2017 results. The results show strong double-digit growth in profit before tax (PBT) (38%...
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Abacha loot: We can’t find any more information – World Bank
The World Bank has told Socio-Economic Rights and Accountability Project (SERAP) that it “cannot locate any additional information on the...
Citibank fined $5m for forex rigging
South Africa’s Competition Tribunal on Wednesday confirmed a 69.5 million rand (5.25 million dollars) settlement with Citibank for its...
Buhari writes NASS again, seeks approval to borrow $5.851bn foreign loan
President Muhammadu Buhari has again written to the National Assembly, seeking the approval to borrow $5.851bn for the upgrade of various...
Dangote’s new Pasta products to compete with rice
In a major strategic move to grow its market equity in Africa, Dangote Flour has unveiled new improved pasta products called...
Allocation soars as FG, States, LGs share N468bn for March
The Federation Account Allocation Committee on Tuesday shared N467.8 billion. The figure is N38.7 billion more than what the three tiers...
AFDB releases $280 million to support Nigerian youths in agriculture
The African Development Bank (AfDB) has provided $280 million to support youths who are interested in agriculture in Nigeria. AfDB...
CBN to stop bank accounts without BVN from August 1
The Central Bank of Nigeria,CBN, said all customers without Bank Verification Number, BVN, linked to their bank accounts will not be...
Soludo tells CBN to scrap multiple exchange rates
A former Governor of the Central Bank of Nigeria, Prof. Chukwuma Charles Soludo, has called on the Federal Government to scrap its policy...
What Nigeria must do to revive economy – IMF
The International Monetary Fund (IMF) has stated that what Nigeria requires to address tremendous shocks holding its economy back is a...
CBN suspends charges on withdrawal, says banks should revert to old policy
The Central Bank of Nigeria (CBN) has suspended its earlier directive on the implementation of cashless policy till further notice. The...
Access Bank gets new Group Deputy Managing Director
Access Bank Plc has announced the appointment of Mr. Roosevelt Michael Ogbonna, as Group Deputy Managing Director to replace Mr. Obinna...
Dangote Flour divests from Noodles, cedes assets to Dufil
As part of its regular business portfolio review, Dangote Flour Mills (DFM), has exited its noodles business as it does not consider it...
CBN speaks on intervention to make dollar available
The Central Bank of Nigeria (CBN) says it is continuing with intervention to sustain dollar availability in the foreign exchange market....
China reveals what Nigeria must do to get more funds
Prof. Zhang Yong-Peng, a research fellow at the Chinese Academy of Social Sciences (CASS), in Beijing, China on Tuesday, said the Chinese...
TSA: Nigerian government realises N7trillion
The Federal Government recorded over N7 trillion in the Treasury Single Account (TSA) towards the end of March 2017. Accountant General...
Inflation drops by 0.52 % in March
The National Bureau of Statistics on Thursday, revealed that inflation dropped by 0.52 percent in March, the second decline recorded on...
Nigeria’s economic growth under Goodluck Jonathan was fake – World Bank consultant, Ajakaiye
The President of Nigeria Economic Society and a World Bank consultant, Olu Ajakaiye, has described the economic growth recorded during...
Nigerians have too many identity cards – World Bank
The World Bank on Wednesday complained about the multiplicity of identity cards issued to Nigerians for specific identity-related...
Nigeria Banks in trouble as Senate uncovers N30 trillion FOREX diversion
Chairman, Senate Committee on Customs and Excise Duties, Hope Uzodinma, has stated that its Committee has discovered high level...
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