BUSINESS
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Clean energy: UK supports 3 Nigerian companies with $17m
Three Nigeria’s companies have received 17 million dollars UK investment boost support in the clean energy sector. Ndidiamaka Eze, Senior…
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Fake News: CBN has plans to revoke licences of more banks
The Central Bank of Nigeria (CBN) says it has no plan to revoke the licences of more Deposit Money Banks…
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Heritage Bank: Economist says acquisition better option, not revocation
An economist, Prof. Evans Osabuohien, says acquiring Heritage Bank by another investor would have been a better option than outright…
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Market capitalisation sheds N38bn as investors sell off banking stocks
Sell-offs in Tier-one banking stocks on Tuesday extended losses on the Nigerian Exchange Ltd. (NGX) stock market capitalisation by 0.07…
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Cardoso says strengthening national capacities for debt management crucial for govt’s funding needs
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, says strengthening national capacities for debt management is…
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Afreximbank, APPO sign Establishment Agreement, Charter of Africa Energy Bank
The African Export-Import Bank (Afreximbank) and Africa Petroleum Producers’ Organisation (APPO) have signed the Establishment Agreement and the Charter of…
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NDIC begins liquidation of Heritage Bank
The Nigeria Deposit Insurance Corporation (NDIC) says it has started the liquidation of Heritage Bank with immediate verification and payment…
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FirstBank emerges Best SME Bank at Asian Banker Awards
FirstBank has won two awards by emerging Best SME Bank in both Nigeria and Africa at the Asian Banker Global…
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CBN revokes licence of Heritage Bank over financial stability, safety concerns
The Central Bank of Nigeria (CBN), has announced revocation of the licence of Heritage Bank Plc with immediate effect. This…
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Electricity: “Pay your debts”, GenCos urge govt, stakeholders
The Power Generation Companies (GenCos), have appealed to the Federal Government and key stakeholders to settle electricity debts owed them…
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