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CBN Debits Banks Another N459.7 billion For Failure To Meet CRR Target

Emefiele To Present Banking Industry 2020 Scorecard At CIBN Bankers Dinner

The Central Bank Governor, Mr. Godwin Emefiele, is to present the banking industry’s scorecard for 2020 at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN), on November...

Naira Crashes To New Record Low At Black Market As Businesses Divert Export Proceeds

Forex turnover dropped by 67.5%, as Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N385.83/$1 during intra-day trading on Friday, November 20. Also, the naira hit another new low as...
Katsina Govt Relaxes Lockdown Order

Katsina State Govt. Disburses N2bn Loan To Traders, Small Businesses – Official

The Katsina State Government says it has disbursed N2billion as loan to 90,677 traders and small business owners in the state to boost economic activities. Mr. Abdulkadir Mohammed-Nasir, the Special Adviser to Gov. Aminu Masari...
SERAP Sues Buhari Over N800bn Recovered Loot

Nigeria’s Economy Back Into Recession

Nigeria’s economy has slipped into another recession. The same happened in 2016, making it the second recession in a space of four years. This is according to a new report released by the Nigeria Bureau of...
Global Finance 2020: Zenith Bank Emerges Best Bank In Nigeria

Zenith Bank Posts N509bn Gross Earnings In 9 Months

Zenith Bank Plc has reported a gross earnings of N509 billion for the third quarter (Q3) ended Sept. 30, compared with N491 billion achieved in the corresponding period in 2019. The bank’s unaudited results released...

UAE May Withdraw From OPEC+ Over Tensions With Saudi Arabia, Russia – Reports

With tensions running high between the United Arab Emirates and its petroleum allies, Saudi Arabia and Russia, Abu Dhabi considers the idea of leaving OPEC+, media reported. The Bloomberg news agency reported this on Thursday,...

Nigeria Imports $500m Worth Of Palm Oil Annually – FG

The Federal Government spends about $500m on palm oil importation, according to officials of the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations. At the National Workshop on oil palm organised...
Google books $ 3 billion loss in Q4

Turkey Fines Google $25m For Online Advertising Abuse

State news agency Anadolu on Friday said Turkey’s competition authority fined Google 196.7 million lira (25.54 million dollars) for abusing its dominant position in the online search market. READ ALSO: Rawlings Died After A Brief Illness-...

Innoson Wins ‘2020 Car Maker Of The Year’ Award

Chief Innocent Chukwuma, Chairman of Innoson Vehicle Manufacturing Co. Ltd emerged winner of the 'Car Maker of the Year’ 2020 Igbere TV Leadership Excellence Awards. The award is endorsed by the African Union Economic, Social...
Rebalancing: Investors Lost N198bn On Last Trading Day Of June

NSE Market Capitalisation Hits N17trn Mark In Bullish Trading

Transactions on the Nigerian Stock Exchange (NSE) remained upbeat on Tuesday with the market capitalisation hitting N17 trillion benchmark due to gains in high capitalised stocks. Specifically, the market capitalisation appreciated by N212 billion to...
Nigeria Loses $3b Annually to Piracy – Commission

5G Consultation Ongoing Says NCC

The Nigerian Communications Commission (NCC) has published the Draft Consultation Document on the deployment of fifth Generation (5G) Mobile Technology in Nigeria. NCC Director, Public Affairs, Dr. Ikechukwu Adinde, said this in a statement on...
SEC Partners Stakeholders To Resolve Multi-billion Naira Unclaimed Dividends — Yuguda

SEC, Dangote Group, Others Win FMDQ Gold Awards

FMDQ Holdings PLC has announced Dangote Group, the Securities and Exchange Commission, Stanbic IBTC Holdings, amongst others as winners of its 2020 Gold Awards. Other awardees are; Chapel Hill Denham and Corporate Affairs Commission. FMDQ Holding...
NNPC New Staff Assume Virtual Duty May 4 – Obateru

NNPC Boosts Power Generation By 2,538MW In August

The Nigerian National Petroleum Corporation (NNPC) said it supplied 727 Million Standard Cubic Feet per day (mmscfd) of natural gas for power generation to the country in the month of August, 2020, an equivalent...

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