Keystone Bank: Transition Board takes over April 1
Keystone Bank on Tuesday announced the appointment of Alhaji Umaru H. Modibbo and Mr. Hafiz Bakare as board Chairman and acting Managing...
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Sell 1 dollar at N360 – CBN orders commercial banks
The Central Bank of Nigeria, CBN, on Monday directed all deposit money banks to immediately commence the sale of foreign exchange to...
UBA grows Profit Before Tax by 32%, declares final dividend per share of 55 kobo
United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited...
AMCON hands over Keystone Bank to new investors
Following the sale of Keystone Bank to Sigma Golf-Riverbank Consortium by the Asset Management Corporation of Nigeria (AMCON), the new...
Why Nigerian banks will experience difficulty in 2017 – Fitch
Renowned rating agency, Fitch on Wednesday explained why Nigerian banks will face further challenges in 2017, following an extremely...
Zenith Bank shareholders approve N63.4bn dividend, hail performance
Shareholders of Zenith Bank Plc on Wednesday approved final dividend of N55.573 billion for the year ended December 31, 2016, bringing...
Naira recovers dramatically, sells at 405 per dollar
The naira on Wednesday dramatically recovered to exchange for 405 per dollar. This is coming in less than 24 hours after the Central Bank...
Why Emefiele’s powers must be reduced – Finance Minister, Adeosun
Minister of Finance, Kemi Adeosun, has urged the National Assembly to reduce the powers of the Governor of the Central Bank of Nigeria,...
Why I resigned as Stanbic IBTC Chairman – Atedo Peterside
The Chairman of Stanbic IBTC Plc , Mr. Atedo Peterside, Tuesday, announced his resignation from the board of the bank after serving for...
NNPC refunds N6.3bn as FG, States, LGs share N429bn February allocation
A total of N429.127billion has been distributed as Federal Allocation for the month of February, 2016 to Federal Government, State...
Nigeria has moved out of recession – World Economics
World Economics says Nigeria’s economy has climbed out of recession. World Economics is an organisation dedicated to producing financial...
Naira continues to appreciate against dollar
The Naira has continued to appreciate against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian...
Nigerian government blacklists 25 oil marketers over fraud
Petroleum Equalization Fund (Management) Board says it has blacklisted 25 oil marketers for defrauding the Nigerian Government. The fund,...
AMCON finally sells Keystone Bank
The Asset Management Corporation of Nigeria (AMCON) has confirmed the sale of one of Nigeria’s commercial banks, Keystone Bank. AMCON...
Why Buhari released second tranche of Paris Club refunds to States – Adeosun
The Minister of Finance, Kemi Adeosun, has explained that President Muhammadu Buhari released the second tranche of London-Paris Club...
Naira extends gain against dollar, sells at N440-N445 per dollar
The Naira on Monday continued to extend its gains against the dollar at the parallel market, newsmen report. The Nigerian currency...
Naira will appreciate further this week – CBN
The Naira is set to appreciate further this week as the Central Bank of Nigeria (CBN) plans to inject more Foreign Exchange into the...
NNPC owing Capital Oil millions of dollars – Ifeanyi Ubah
Ifeanyi Ubah, chairman of Capital Oil and Gas Industries Ltd, has debunked the allegation that his company is owing the Nigerian National...
Why I won’t allow service providers take consumers for granted – NCC boss, Danbatta
The Executive Vice Chairman of Nigerian Communications Commission, NCC, Umar Danbatta, has assured telecommunications user in Nigeria...
Nigeria will soon recover from recession – World Bank
The World Bank has said that Nigeria will soon recover from its economic recession. Eme Essien-Lore, the Country Manager in Nigeria,...
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