The members of the Nigerian Stock Exchange have approved the listing of the Exchange as a public company under the demutualisation programme. This decision was reached at the Extra-Ordinary General Meeting of its members which held on Thursday at the …
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A farm division of Stallion Conglomerate, Popular Farms and Mills Limited, says it plans to increase its locally farmed rice from 450,000 metric tonnes to 1.5 million tonnes annually, using integrated rice value chain and enhanced milling activities. Its Group …
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President Muhammadu Buhari on Thursday said the nation’s economy was gradually recovering from recession. According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke while receiving the outgoing Ambassador of the Royal …
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The Federal Government on Thursday extended the implementation of the capital component of the 2016 budget from March 31 to May 5, or till the passage of the 2017 budget, whichever is earliest. The Ministry of Finance said in a …
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The Economic and Financial Crimes Commission has arrested two directors of the Central Bank of Nigeria for alleged forex manipulation and economic sabotage. Impeccable sources at the EFCC told one of our correspondents on Wednesday that the directors were still …
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As Nigeria joins the rest of the world to mark this year’s Global Money Week, the Central Bank of Nigeria (CBN) has declared March 30,2017 Financial Literacy Day. Working in collaboration with 29 financial institutions and Junior Achievement Nigeria (JAN), …
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The Board of Governors of the World Bank is currently meeting to discuss the $150m loan that Nigeria is seeking from the institution to boost the fortunes of the mining sector, the Minister of Mines and Steel Development, Dr. Kayode …
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Following the sale of Keystone Bank Limited to the Sigma Golf-Riverbank Consortium by the Asset Management Corporation of Nigeria, the new owners have announced the names of members of the lender’s transitional Board of Directors. In a statement on Tuesday, …
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The National Insurance Commission will from today (Wednesday) begin the enforcement of Section 65 of the Insurance Act, 2003, which makes it compulsory for all public buildings to be insured by their owners. The decision was announced by the Commissioner …
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…injects fresh $185m into forex market …declares Thursday Financial Literacy Day The Central Bank of Nigeria has directed all Deposit Money Banks to provide foreign exchange for customers requesting it for Personal or Business Travel Allowance, and payment of school …
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The Federal Government has said that it has so for released N1tn to its Ministries, Department and Agencies for the implementation of the capital component of the 2016 budget. The Minister of Finance, Mrs. Kemi Adeosun, who disclosed the figure …
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Amid attempts by the country to borrow more from external sources, Nigeria has in the past five years spent $1.62bn to service its external debts that include loans secured for what turned out to be white elephant projects. In the …
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New investors on Friday took control of Keystone Bank Limited and announced plans to reposition the lender on the path of growth with immediate effect. This follows the announcement by the Asset Management Corporation of Nigeria on Tuesday that the …
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President Muhammadu Buhari has approved the appointment of an interim managing director/chief executive officer, as well as executive directors for the Bank of Agriculture. The appointments were announced by the Federal Ministry of Agriculture and Rural Development on Thursday in …
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The Central Bank of Nigeria on Thursday said it sold one-year treasury notes at 18.69 per cent, above inflation rate for the second consecutive time in a bid to maintain positive yield and attract investors, Reuters reported. The CBN said …
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The Governor of Lagos State, Mr. Akinwunmi Ambode, has urged the Lekki Free Zone Development Company to continue to seek more foreign and local investors to take advantage of the huge trade and investment potential of the free trade zone. …
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The Tony Elumelu Foundation, an African philanthropic organisation committed to entrepreneurship development, has announced the selection of another 1,000 successful African entrepreneurs. The foundation said in a statement on Tuesday that the beneficiaries of the business training and $10,000 fund …
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Global ratings agency, Fitch Ratings, has said Nigerian banks will continue to face challenges this year, following the extreme difficulties of 2016.. In a statement on Wednesday, it noted that banks faced multiple threats from the operating environment in 2016, …
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Both chambers of the National Assembly on Wednesday approved the request by President Muhammadu Buhari for a $500m Eurobond. Vice President Yemi Osinbajo had made the request as acting President, while Buhari was away on medical vacation in the United …
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The nation’s foreign exchange reserves, which had increased significantly in recent months to hit the $30bn mark, fell for the first time this year on Tuesday. Latest data from the Central Bank of Nigeria showed on Wednesday that the external …
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