In the last trading day of the week and ahead of holiday declared by the Federal Government to commemorate the Eid-el-Fitr, the…
Category:
Finance
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Following the deepening crisis between Etisalat and a consortium of 13 Nigerian Banks over a syndicated loan of about US$1.2 billion granted…
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Interbank rate eased to around eight per cent on Friday from 15 percent last week after the central bank repaid N152.6 billion…
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BusinessFinanceNews
Union Bank hosts customers and stakeholders to a centenary gala in Port Harcourt
As part of activities lined up to celebrate its centenary anniversary this year, Union Bank yesterday hosted its customers and other stakeholders…
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Revenue generating agencies of the federal government made up of Customs, Federal Inland Revenue Services and Department of Petroleum Resources were allocated…
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BusinessFinanceNews
Etisalat Nigeria Loan crisis: wait for an investor to buy off shares….Exotic Capital
Exotic Capital a leading frontier and emerging markets investment firm based in the United Kingdom, has said that the most likely way…
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BusinessFinanceNews
Abu Dhabi Etisalat’s divestment a breach of Nigeria commercial contract —–CBN Source
Indications are that the Nigeria monetary authorities are not happy with the way and manner Etisalat Abu Dhabi has acted in the…
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Nigerian National Petroleum Corporation, NNPC, said it has repaid its N450 billion indebtedness to the Federal Government. NNPC, in its April 2017 Monthly…
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Etisalat Nigeria has said that the outstanding on the $1.2 billion syndicated loan is about $500m, N165 billion. It said that the…
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Market Statistics Wednesday, 21st June 2017 Market Cap (N’bn) 11,576.6 Market…
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The pound pushed above $1.27 on Wednesday, erasing losses following hawkish comments made by the Bank of England’s chief economist. “Provided the…
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Managing Director and Chief Executive Officer (MD/CEO) of Bank of Industry, Mr. Pitan Olukayode has indicated the bank’s interest to seek…
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A row has erupted in South Africa between Civil Society Group and the government over the status of South Africa Reserve Bank.…
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Atlas Mara Ltd, the African investment vehicle of former Barclays boss Bob Diamond, said that it plans to raise $200 million to…
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Parent company of Nigeria’s fourth largest GSM service provider Etisalat UAE shareholding in Etisalat Nigerian has been warehoused in a trustee that…