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Business
$8.1bn repatriation row: CBN ‘settles amicably’ with MTN,…
The Central Bank of Nigeria (CBN) has asked MTN Nigeria to pay $52.6m in settlement of the $8.1bn foreign exchange repatriation…
We won’t prosecute multiple accounts holders – SEC
Nigerians have once again been enjoined not to entertain any fears of prosecution but take steps to regularize their multiple…
FAAC raises disbursements to states by 36 per cent
Disbursements to states from Federation Account Allocation Committee (FAAC) rose 36 per cent this year to N8.52 trillion, a report…
Lending rates to fall as N1.4tr hits market this week
The interbank lending rate is expected to decline this week as a result of the huge amount of liquidity hitting the market.
A…
Release our client’s 1bn cash, employees now, Bankers Warehouse tells…
The management of Bankers Warehouse on Sunday urged the Economic and Financial Crimes Commission (EFCC) to release the $2.8…
Panic as FAAN security personnel slumps, dies at Lagos airport
A Federal Airports Authority of Nigeria (FAAN) security personnel, Mr Usman Mohammed, on Friday slumped and died while on duty at…
Union Bank claims ownership of N1bn intercepted at Enugu Airport
Union Bank Limited has claimed ownership of a large consignment of cash intercepted by operatives of the Economic and Financial…
Nigeria generated $17.05b revenue from oil, gas sector in 2016 –…
Nigeria generated $17.05 billion from the oil and gas sector in 2016 representing a 31 per cent decline on the $24.79 billion…
NSE approves delisting of Great Nigeria Insurance
One of the insurance companies trading its securities on the floor of the Nigerian Stock Exchange (NSE), Great Nigeria Insurance…
OPEC reduces Nigeria’s oil production quota to 1.68 million bpd from…
Nigeria is expected to cut its crude oil production by 3.04 per cent to 1.685 million barrels per day for the first half of next…