Nigeria Interbank Settlement System (NIBSS) said that electronic payment through Point of Sale (PoS) terminals has risen by 191 percent to N241…
Category:
Finance
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—naira devaluation to curb banks’ Eurobond desire —Russia rubble suffers 1.2% fall —10% depreciation in Kazakhstan’s tenge — Malaysia’s ringgit hit five-year…
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The Central Bank of Nigeria (CBN) said that it would withdraw N500 billion from the banking system through the recent increase in…
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Asset Management Corporation of Nigeria (“AMCON”) said that it has successfully completed the sale of the entire issued and fully paid up…
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The Central Bank of Nigeria (CBN) said it would soon commence comprehensive review of electronic payment guidelines in the country. Deputy Governor,…
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–$73 crude benchmark, too optimistic —falling oil prices not responsible for deteriorating economy —Expect tough times ahead —Nigeria has done many things…
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—raised lending rate to 13 per cent —increased private sector cash reserved to 20% —Retain public sector cash reserve at 75% The…
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BusinessEconomyFinanceNewsStock Market
Foreign investors pulled $584m out of Nigeria’s stock market in October
Foreign investors sold off Nigerian stocks valued at 101.2 billion naira ($583.6 million) in October after a drop in the oil price…
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The Minister of State for Finance, Mr Bashir Yuguda, on Tuesday announced that federal, states and local governments had shared N593.33 billion…
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Two Nigerians, Tony Elumelu and Orji Uzor Kalu, along with four other Africans have joined Forbes list of 50 richest people in…
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The declining fortunes of the naira continued as it suffered 182 kobo depreciation at the foreign exchange auction conducted by the Central…
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The Naira fell by 200 kobo Tuesday, as the parallel market exchange rate rose to N180 per dollar from N178 per dollar…
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Transactions at the Nigerian Stock Exchange (NSE) ended on a negative note on Tuesday as the market indicators recorded 1.62 per cent…
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BusinessEconomyFinanceNewsOil and Gas
FG signs MoU with 9 oil companies to supply gas for power generation
The Federal Government in Abuja signed a Memorandum of Understanding (MoU) with nine oil companies for the supply of gas for power…
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EconomyFinanceNewsOil and Gas
Nigerian banks raised $3bn acquisition finance for power industry privatisation
The Managing Director of Stanbic IBTC, Mrs Sola David-Borha, said that some Nigerian banks had raised three billion dollars (N465 billion) as…