Recapitalisation: Banks Sweat over Exclusion of N3.8trn Retained Profit
As bankers begin from tomorrow to strategise on how to meet the new capital structure prescribed by the Central Bank…
Nigeria’s Naira Hits Record Lows, N1,712/$, Stocks Sink As Investors Sell off Local Assets
Stocks on Nigeria’s All-Share Index fell 3.15% on Monday after banking, consumer goods and industrial shares dropped, to post their…
With $1.8bn inflow last week, Nigeria’s economy has positive outlook, says Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, yesterday, said despite the apparent gloomy picture of the…
FG to borrow N2.5tn via bonds, says DMO
The Federal Government is seeking to raise N2.5tn in its second FGN bonds auction of the year. Debt Management Office…
UK economy enters recession
UK economy has entered recession after recording two successive quarters of negative economic growth in the second half of last…
Hardship: Nigeria sitting on keg of gunpowder – Sultan
The Sultan of Sokoto and Chairman of the Northern Traditional Rulers Council, Muhammad Sa’ad Abubakar III, has expressed fear that…
$6.2m Fraud: FG asks INTERPOL to arrest CBN staff, two others
The special investigator appointed by President Bola Tinubu has requested the Interpol National Central Bureau to place a Central Bank…
Nigerian Breweries hikes prices of products as production costs soar
The Nigerian Breweries Plc has issued a new price review notification to all its customers in the West Zone. According…
FIRS assures taxpayers of friendly tax administration
The Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, has assured Mobile Telephone Network (MTN) Nigeria Plc…
Nigeria, UK sign agreement to boost trade, investment
The United Kingdom and Nigeria have signed a partnership agreement to promote trade and investment and open new prospects for…