BUSINESS
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Shubham Chaudhuri Becomes World Bank New Country Director for Nigeria
The World Bank has appointed Mr Shubham Chaudhuri as the new Country Director for Nigeria, succeeding Mr Rachid Benmessaoud who…
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At 59, Nigeria Needs New National Business Model To Progress—Soludo
As Nigeria celebrated its 59th independence yesterday, a former Governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo…
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Again, CBN Increases Banks’ Minimum Loan-To-Deposit Ratio
The Central Bank of Nigeria (CBN) has again increased the minimum loan-to-deposit ratio (LDR) of commercial banks up from the…
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Air Peace Bags Rights to Commence Daily Flights to South Africa
The South African Government has granted Air Peace’s request to commence commercial flights to Johannesburg, South Africa. This was confirmed by the Ministry of…
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Dangote Anticipates $30 billion Group Revenue in Refinery Project
Africa’s richest man, Alhaji Aliko Dangote has expressed confidence in his current project of building one of the world’s biggest refineries in Lagos.
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CBN Governor Makes Case for Nigerians to Support Local Industries
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has cited smuggling as the biggest problem confronting the textile…
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Firstbank Prepares 500,000 Agents to Boost financial inclusion in Nigeria
First Bank of Nigeria Limited has put plans in top gear to get up to 500,000 operators on board its…
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Banks Allocate N15.13 Trillion Credit to Private Sector
The National Bureau of Statistics (NBS) said the Nigerian banking sector allocated N15.13 trillion as total value of credit to…
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Nigeria’s External Reserves depleted by $2.9 billion, hit 10 months low
Nigeria’s external reserves depleted by $2.9 billion between August and September 2019 according to data obtained from the website of the Central Bank of…
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New IMF boss Outlines Immediate Priority
International Monetary Fund (IMF) has disclosed that its immediate priority is to help countries, including Nigeria to minimise their risk of economic crises.
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