Investors lose N804bn in seven days
Equity investors in the Nigerian Stock Exchange lost N804billion within the first seven trading days of 2016. Market capitalization of…
NDIC‘s cover for non-interest banks’ deposit liabilities
The Nigeria Deposit Insurance Corporation (NDIC) has established a framework for insuring deposit liabilities of non-interest financial institutions in the…
Asian stocks slide after China guides yuan lower
Asian stocks fell to a three-month low on Thursday after China opted to keep guiding the yuan sharply lower, deepening…
MoneyGram Launches Account Deposit into Nigeria’s $21 Billion Annual Remittance Market
Moneygram has announced it is the first money transfer company to offer customers in France, Germany, Ireland, Italy and Spain…
NSE All-Share Index, market Cap down 2.69%
The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization depreciated by 2.69% to close last week at 26,537.36 and…
Emefiele promises robust economy and stable currency in 2016
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has promised that the Nigerian economy with the Naira…
‘Expect mergers and acquisitions in 2016’
The slump in crude oil prices in the international market is beginning to have a telling effect on the Nigerian…
Naira on a free fall, exchanges N269 to $1
The Naira depreciated toN269 against the United States dollar at the parallel market on Wednesday, December 16. The depreciation, according…
CBN to sell N1.2trn treasury bills
The Central Bank of Nigeria (CBN) will raise a total of N1.22 trillion from sale of treasury bills between December…
Nigerian banks agreed to increase lending to Agricultural sector
The Central Bank of Nigeria (CBN) in collaboration with the Bankers Committee have decided that Banks will increase lending to…