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CBN cuts interest rates on intervention loans to 5%
The Central Bank of Nigeria (CBN) has given a one-year moratorium on all principal repayments for COVID-19 intervention loans…
Buhari, Obasanjo, AfDB board back Adesina over corruption allegations
The Federal Government and ex-President Olusegun Obasanjo have faulted the call by the United States for an independent…
NNPC plans $10 crude production cost
The Nigerian National Petroleum Corporation (NNPC) has commenced plans to crash oil production cost to $10 per barrel, The Nation…
CBN predicts negative economic growth in Q2
The Central Bank of Nigeria (CBN) has predicted negative Gross Domestic Product (GDP) growth for the country in the second…
MPC reduces interest rate to 12.5%
The Monetary Policy Committee (MPC) of Central Bank of Nigeria has reduced Monetary Policy Rate (MPR), to 12.5 per cent.
The…
IMF advises banks worldwide to suspend dividend payment to shareholders,…
The International Monetary Fund (IMF) has advised top commercial banks in the world to suspend dividend payment to their…
Naira gains against Dollar after Eid-el-Fitr break
Normalcy returned to the foreign exchange market in Nigeria on Wednesday, May 27, 2020, especially at the parallel market as the…
Alleged corruption: Adesina maintains innocence, denies stepping down as…
African Development Bank (AfDB) President Dr. Akinwumi Adesina has not stepped down from office.
Adesina, in a statement, said…
MTN, GTBank, Dangote emerge most admired brands in Africa
A survey of 100 Africa best brands has showed that Dangote Group, Guaranty Trust Bank (GTBank) and MTN Group are the most admired…
Oil prices cross $35 as demands increases gradually
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies…