Liquidity mop up: CBN imposes fresh N118bn CRR debits on banks

The Central Bank of Nigeria on Friday debited the accounts of many banks in Nigeria in…

COVID-19: Nigerian banks to restructure 33% of loans, says CBN

  Nigerian banks have applied to the Central Bank of Nigeria for permission to restructure 33%…

Merger: investors mop.up Diamond Bank shares

Diamond Bank Plc dominated trading activities on the Nigerian Stock Exchange (NSE) on Monday, following its…

AMCON to sell Polaris Bank ‘in less than two years’

The Asset Management Corporation of Nigeria (AMCON) says it plans to sell Polaris Bank within two…

Offshore investors pump N86b into Dangote Cement

  Dangote Industries had a roaring time yesterday on the Nigerian Stock Exchange (NSE), selling 410…

CBN give Skye Bank one year lifeline

  The Central Bank of Nigeria, CBN, has extended guarantees to Skye Bank for another year…

EIU predicts tough prospect for naira recovery

The Economist Intelligence Unit (EIU), a member of The Economist Group, is projecting that a rough…

Ecobank seeks to upturn ruling in bankruptcy case against Otudeko

Ecobank Nigeria Limited has applied to the Court of Appeal in Lagos for extension of time…

Consumers groan as inflation rate rises to 18.72%

Hopes that the Consumer Price Index which measures inflation would reduce soon following promises by government…

FG denies N5tr assets sale plan

  The Ministry of Budget and National Planning has denied insinuations in a section of the…

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