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Afreximbank gives $200m loan to Zenith Bank
The African Export-Import Bank (Afreximbank) has disbursed $200 million to a Nigerian tier-one lender, Zenith Bank Plc, under its…
New tariff affects only 30% of our customers – BEDC
The Benin Electricity Distribution Company (BEDC) on Friday said the New Service-Based Tariff (SBT) would only affect 30 per cent…
UK court orders P&ID to pay Nigeria £1.5m in 21 days
Nigeria secured another victory against Process and Industrial Development(P&ID) in the UK court today as Sir Ross Cranston…
Buhari cancels Forex for food, fertiliser importation
The Central Bank of Nigeria (CBN) has been directed not to make foreign exchange (forex) available to importers of food items and…
Brent to Hit $50 in Second Quarter 2021
Latest projections show that the international benchmark crude, Brent crude, will climb to $50 per barrel by the second half of…
Witness to court: Malabu Oil deal violated money laundering laws
Mr Temitope Erinomo, a prosecution witness, told the Federal High Court, Abujaon Thursday that Malabu Oil and Gas Limited and six…
Why we slashed interest rate on savings deposit – CBN
On September 1, 2020, the Central Bank of Nigeria (CBN) in a circular signed by its Director of Banking Supervision, Mr Bello…
Customs generates N976.6bn in eight months
The Nigeria Customs Service (NCS) is on course to beat the previous year revenue figures as it generated N976.6 billion between…
Three bank CEOs resign from NESG Board
Chief Executive Officers (CEOs) of three prominent banks have resigned their membership of the Nigerian Economic Summit Group…
Nigeria’s debt rises by 8.4% in three months to N31trn
Data from the Debt Management Office (DMO) on Wednesday, September 9, 2020, showed that the debt incurred by Nigeria rose to N31.0…