Nigeria’s inflation rate slightly down to 9% in May
The National Bureau of Statistics released the data.
N87.5bn fraud: Ex-Afribank chief denies allegation of irregular transactions
The former bank chief is being tried for alleged fraudulent activities.
CBN asks Nigerian banks to submit regular reports on Boko Haram, Ansaru deals
Even if the banks have no transactions involving the groups, a report is still to be expected.
‘Cashless project is gaining acceptance’- Central Bank of Nigeria
Nigeria began its Cash-less Project last year, with Lagos State as the pioneering the project.
World Bank indicts Jonathan’s government, says massive poverty, unemployment killing Nigerians
The number of Nigerians living in poverty is increasing significantly, the World Bank says.
Power company consultant assures investors of safety of funds
The Federal Government started privatization of 10 NIPP power plants on June 4.
NDIC offers bailout to troubled micro-finance banks
The bailout comes in the form of financial assistance with minimum interest rate.
Update: Okonjo-Iweala uses sponge cakes to educate Nigerians on GDP
Ministers says economy is strong and stable.
BOI managed funds hits N1.6trn
Evelyn Oputu, Managing Director of the Bank of Industry, says the government and international development partners are confident in the abilities of the BOI. The Managing Director of the Bank of Industry, Evelyn Oputu, said owing to the confidence reposed in the management of the bank by the government, as well as by local and […]
Nigeria approves N750bn for recapitalisation of Bank of Industry
A UN chief warned that exporting crude and unprocessed products was detrimental to Nigerian economy. The Federal Government has given approval for the recapitalisation of the Bank of Industry (BOI) to the tune of N750 billion. The General Manager of the Bank, Joseph Babatunde, made the disclosure on Friday in Lagos during a training programme […]
Air safety in Africa is our priority — IATA
The global aviation agency said this in South Africa. The International Air Transport Association (IATA) has said that air safety in Africa remains one of its cardinal priorities. Matschnigg Günther, IATA’s First Deputy Chairman, stated this on Tuesday in Cape Town, South Africa at a news briefing on the 69th Annual General Meeting (AGM) of […]
Jonathan, ministers may approve fresh N47bn loan Wednesday
The minister of finance is seeking approval for a loan.
20 Nigerian companies raise N200bn from bonds market – DMO
the DMO had transformed the market to raise long-term funds of up to 20 years.
Sanusi bags Africa Central Bank governor of the year award
Sanusi was commended for sustaining banking reforms in Nigeria.
University of Agriculture, Abeokuta, hosts conference on snail production in Africa
The event will bring together stakeholders in the snail breeding industry.
AMCON’s move to refinance bonds calms fears of inflation, financial instability in Nigeria
The Company plans to redeem and refinance its maturing obligations at the end of 2013 through 2014.
Nigeria Central Bank sells N277.9bn worth of treasury bills
Five categories of treasury bills were sold at the last biweekly auctions.
N25.7bn theft: Court adjourns ex-Bank PHB boss, Atuche, wife’s criminal charges
The couple are accused of defrauding their bank.
Union bank ordered to refund N34m fraudulent deduction from customer’s account
The bank will also pay N3m fine.
Nigeria Sovereign Wealth Authority unfolds initial $525 million investment
The NSIA stated this on Monday in Abuja.
Aviation workers insist on strike, as NAMA says Nigeria’s airspace will be open to traffic
Workers of the Nigerian Airspace Management Agency (NAMA) under aviation unions on Sunday insisted that there was no going back on their planned protest slated for Monday, May 20. The unions said that the planned shutting down of the nation’s airspace was to press home their demand for the implementation of the approved salary scale […]
ALSCON controversy: BFIG accuses RUSAL, Nigeria’s BPE of money laundering
ALSCON incurred massive losses for years while its asset were devalued.