Naira depreciates by N0.40 at parallel market

The Naira devalued by N0.40 against the U.S. Dollar at the parallel market, trading $/N361.90 on Tuesday, compared to $/N361.50 it exchanged the previous...
Fashola

Mambilla power plant to gulp $5.72b

Nigeria’s 3, 050 Megawatts Mambilla Power Plant will cost US$5.72 billion, the minister of Power, Works and Housing, Mr. Babatunde Fashola has said.He said...

 CISI, NSE partnership to enhance African finance professionals’ capacity 

The Chartered Institute for Securities & Investment (CISI) has entered into a new partnership with The Nigerian Stock Exchange (NSE) to provide trainings for...

Defunct Skye Bank management, directors under investigation, says NDIC

The Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) are monitoring the investigations of law enforcement agencies instituted against the...

Diamond Bank, Access Bank debunk merger report

By FELIX OLOYEDEThere is no plan to go into merger as it being reported in some sections of the media, Diamond Bank and Access...

Heart of Gold: How Aliko Dangote is providing succour to millions

By UCHE CHRISAlhaji Aliko Dangote, chairman, Dangote Industries Limited, and Dangote Foundation, is a good advertisement – a poster boy – for wealth and...

Anxiety mounts in banks over CBN stress test

By TESLIM SHITTA-BEYA rough-and-ready stress test conducted by Nigeria's central bank (CBN) showed that at least three out of 23 deposit taking banks in...

Imo APC: How Uzodinma ended Okorocha’s reign

By OBINNA EZUGWUAsk ten Imo residents, and you are likely to have similar response: 'In the race for the state's governorship, nothing is certain,...

Fresh Crisis plagues APC:  Oshiomhole’s fate in the balance

By OBINNA EZUGWUThe crisis is the ruling All Progressives Congress, APC, following its primaries has simply refused to go away. More than a month...