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Nigeria’s inflation rises by 0.06 per cent in May
Nigeria’s headline inflation rose by 0.06 percent to 12.40 percent year-on-year in May 2020 for the 25th consecutive month.…
First Bank disinfects branch after staff tests positive for COVID-19
After one of its employees tested positive for the Coronavirus disease (COVID-19), the management of First Bank of Nigeria Limited…
Total remittances into Nigeria falls 50.5%
Total direct diaspora remittances into Nigeria plunged 50.5 percent in February 2020 to $1.02 billion from $2.05 billion in…
NNPC’s three refineries incur N154bn loss in 2018
The Nigerian National Petroleum Corporation (NNPC) has revealed that its three refineries reported a combined operating loss of…
SEC denies resignation, send-forth party for acting DG
The Securities and Exchange Commission (SEC) has dispel rumours making the rounds that its acting Director General, Ms Mary Uduk,…
CWG, Clari5 partner to combat financial crimes real-time in African Banks
Worried by the huge loss of billions in different African currencies to cyber fraudsters and the consequential effect on the…
Afreximbank Reappoints Benedict Oramah as President
The African Export-Import Bank (Afreximbank) has re-appointed Mr Benedict Oramah as President and Chief Executive Officer of the…
FBN Holdings wins World Finance award for second consecutive year
FBN Holdings (FBNH) Plc, has won the 2020 Best Corporate Governance in Nigeria Award put in place by the World Finance magazine.…
Saudi Aramco acquires petrochem giant SABIC for $69.1b
Saudi Aramco has acquired 70 per cent shares of Saudi Basic Industries Corp (SABIC) for $69.1 billion.
The acquisition was…
Nigeria now totally compliant to OPEC+ quota – Mele Kyari
With its current daily oil production, Nigeria has over-complied with its OPEC+ quota, Mele Kyari, the group managing director of…