Nigeria’s rail concession faces fresh hurdle as General Electric reportedly pulls out
The $2 billion project is for two lines connecting cities in the northern part of the country to others in the south.
I’ll risk inflation to win huge foreign investments — Atiku
Mr Abubakar’s comments have elicited critical reviews by commentators.
Nigerian commercial banks refund N72bn to customers in 2017 – CBN
The CBN says electronic fraud in banking could hit N6.1 trillion by 2021
UPDATED: Nigeria raises $2.86bn bonds to fund budget, other projects
The offering attracted significant interest from leading global institutional investors.
Naira gains 50 kobo against the dollar at parallel market
The Nigerian currency exchanged at N361.5 to the dollar on Tuesday.
Again, power outage frustrates passengers at Lagos airport
Incidences of power outage are becoming a recurring development at the Lagos airport.
MTN says ‘out of court’ settlement with Nigeria possible over fines
Following the comment, MTN’s shares at the Johannesburg Stock Exchange rose by 1.5 per cent to about 81.11 rand.
Nigeria’s statistics bureau under fire over failure to release unemployment data
The NBS says it has not gotten the necessary funding for such research.
Zimbabwe invites bids for struggling national airline
Air Zimbabwe, which owes foreign and domestic creditors more than $300 million, was in October placed into administration to try and revive its fortunes.
Nigerian govt to auction N115 billion bonds on November 21
Nigeria issues bonds to support local bond market, create benchmark for corporate issuance and also fund budget deficit.
Defunct Skye Bank management, directors under investigation – NDIC
NDIC bos says officials of the bank “contributed to its failure by engaging in insider abuse, poor corporate governance and banking malpractices.”
Access Bank denies merger, acquisition talks with Diamond
Diamond Bank had also denied the rumour.
Diversification: Implementation of ‘zero oil plan’ kicks off – Udoma
Mr Udoma says the project has secured early commitments from domestic and foreign investors.
MTN sues Nigerian government; demands N3 billion damages
Hearing of the new suit has been scheduled for December 3.
Trading maintains positive mood on NSE, up by 0.37 per cent
Market capitalisation increased further by N42 billion to close at N11.765 trillion against N11.722 trillion on Wednesday.
AFREXIMBANK outlines criteria for selection of trade finance intermediaries, local agents
An official also speaks on the bank’s efforts to promote intra-Africa trade and development.
Reps to present proposed AMCON amendment bill next week – Committee chairman
The bill is seeking to strengthen AMCON to go after its chronic obligors
Nigeria records reduction in rice importation – CBN
CBN says it allocated no foreign currency for rice importation in 2018.
CBN’s new rule on bureau de change operators difficult to implement – Official
The CBN had on November 2 introduced new code of corporate governance rules for BDCs.
FG will no longer bear cost of service charge for TSA payments – Official
Mr Idris said the federal government had spent N16 billion on Treasury Single Account (TSA) transaction cost in two years.