U.S. kicks off $80 million initiative to improve trade ties with Africa
The administration of U.S. President Joe Biden has kicked off the Prosper Africa Build Together initiative by requesting $80 million…
Forex: CBN directs commercial banks to set up teller points
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches…
AMCON takes over NICON Insurance
The Asset Management Company of Nigeria (AMCON) has effectively taken over National Insurance Corporation of Nigeria (NICON). NICON Insurance was…
Why CBN stopped forex sale to BDCs
The Central Bank of Nigeria (CBN) on Tuesday announced the discontinuity of forex supplies to the Bureau de Change Operators…
Standard Chartered Private Bank Partners Invest Africa to Boost Banking in Africa
A one year partnership agreement has been entered into between Invest Africa and Standard Chartered Private Bank for a duration…
Why FG is borrowing to finance projects — Fashola
Works and Housing Minister Babatunde Fashola has given reasons behind Federal Government’s continued borrowing to finance infrastructure deficits in the…
IMF retains Nigeria’s growth prospect at 2.5%
The International Monetary Fund (IMF) has retained its projection for Nigeria’s economic growth prospect for this year at 2.5 per…
Stock market rebounds with N376bn weekly gain
Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite…
FIRS partners SystemSpecs to simplify tax remittances
The Federal Inland Revenue Service (FIRS) and SystemSpecs are intensifying efforts to improve tax remittances in Nigeria. As part of…
Court restrains FG from accessing N200bn unclaimed dividends
A Federal High Court sitting in Abeokuta has granted an interim order restraining the Federal Government from taking over the…