The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has raised concerns over the partial dollarisation of the nation’s currency and called on commercial banks...
MTN Group has started talks to acquire Visafone Communications to solidify its grip in the telecommunications market in Nigeria. According sources, the deal is being negotiated...
Bad debtors will no longer access foreign exchange (forex) for their businesses from the interbank market, the Central Bank of Nigeria (CBN) has said yesterday. This...
Management of Aso Savings & Loans Plchave been advised to ensure sound corporate governance in the take-over of Union Homes Savings and Loans (UHSL) Plc....
Stanbic IBTC Bank has concluded a US$ 90 million line of credit facility from the FMO(NederlandseFinancierings-MaatschappijvoorOntwikkelingslanden N.V). According to a press statement, the purpose of...
Dangote Group has completed construction of Africa’s biggest tomato-processing plant. It is a 1,200 metric ton installed capacity factory in Kadawa-Bunkure axis of the Kano...
In a bid to stem the rate of non-performing loans in banks, the Central Bank of Nigeria (CBN) has decided to bar chronic...
The Nigerian Electricity Regulatory Commission (NERC) has given a marching order empowering electricity consumers to set electricity tariff plan for the electricity distribution company (DISCOs)....
International banks have drastically cut down their cross-border lending, and are now relying relatively more on lending by foreign affiliates, the latest Global Financial Stability...
