Nigeria’s Debt Service ratio falls to 45%

Kemi Adeosun, Finance Minister Nigeria has made significant improvement in its debt-service-to-revenue ratio as it dropped from 66 per cent to 45 per cent. This is coming on the back of improved revenue mobilisation from both domestic and foreign sources. The government has been aggressively driving its tax reform with the introduction of Voluntary More...

by Felix OLOYEDE | Published 1 week ago
By Felix OLOYEDE On Tuesday, December 5th, 2017
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Banks’ NPLs reach 10-month high in Q3

FELIX OLOYEDE Godwin Emefiele, CBN Governor Non-Performing Loans (NPLs) in the Nigerian banking industry hit 10-month in September, latest data from the the Nigeria Deposit Insurance Corporation (NDIC) has shown. The More...

By Felix OLOYEDE On Monday, December 4th, 2017
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OPEC Crude Output Drops to Six-Month Low

Mohammed Barkindo, OPEC Secretary General Crude production from the Organization of Petroleum Exporting Countries dropped again in November to a six-month low. Total production fell 80,000 barrels a day to 32.47 More...

By Okey Onyenweaku On Monday, December 4th, 2017
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Anxiety rises over health of banks

…as recent Fitch downgrade poses new questions BY TESLIM SHITTA-BEY All may not be as well with Nigerian banks as the domestic regulator, Central Bank of Nigeria (CBN), would have many believe. Buried in a heap More...

By Okey Onyenweaku On Tuesday, November 28th, 2017
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FBN leads the bulls in 2017

…Stanbic IBTC, Flour Mills show strength By OKEY ONYENWEAKU Equity investors are showing signs of increasing optimism as the year comes slowly to a close. The Nigerian Stock Exchange’s All Share Index (ASI) More...

By Okey Onyenweaku On Tuesday, November 28th, 2017
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Tribute: Betrayed in life, adored in death: The story of Alex Ekwueme

By OBINNA EZUGWU At a gathering of some journalists to discuss the country’s challenges a fortnight ago, a question was posed by the coordinator: “Between Dr Alex Ekwueme and President Olusegun Obasanjo, More...

By Okey Onyenweaku On Tuesday, November 28th, 2017
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Q3 GDP growth: Not yet time to celebrate, say analysts

By FELIX OLOYEDE Government cannot roll out drums yet despite Nigeria’s economy recording two consecutive growths after lingering in recession for 16 months, because the recovery was still largely driven by crude More...

By Okey Onyenweaku On Tuesday, November 28th, 2017
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Diamond Bank hits digital buttons, improves market share

Overtime, Diamond Bank has acquired a reputation for digital banking excellence, but this has not been without early problems. The bank’s online platform has had a few snafus but it appears to be engaging in solid More...

By Okey Onyenweaku On Monday, November 20th, 2017
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Moody’s rating exposes poor state of banks

  .           Experts predict more recapitalization next year FELIX OLOYEDE Deposit Money Banks (DMBs) in the country have been caught in the web of liquidity squeeze, capital adequacy challenge and More...