BUSINESS
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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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IATA hails Nigeria for clearing 98% of airlines’ trapped funds
The International Air Transport Association (IATA) has hailed the Nigerian government for clearing 98 per cent of airlines trapped funds…
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LPG utilisation: Gas retailers urge FG to encourage investors
The Liquefied Petroleum Gas Retailers (LPGAR), says to boost Liquefied Petroleum Gas utilisation, government needs to encourage investors by giving…
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