The German Development Bank – KFW has earmarked $200 million to support the development of renewable energy in the country. The leader…
Category:
News
-
-
The Ajaokuta Steel Company Ltd. (ASCL), in Kogi, is not moribund, the Sole Administrator of the firm, Mr Joseph Isah, has said.…
-
The African Development Bank (AfDB) said on Thursday that it had approved five million dollars Line of Credit (LoC) to ABN Microfinance…
-
Nigeria Interbank Settlement System (NIBSS) said that electronic payment through Point of Sale (PoS) terminals has risen by 191 percent to N241…
-
The Federal Government has ordered automation of all agencies in the maritime sector of the economy as a way of controlling the…
-
—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…
-
The Central Bank of Nigeria (CBN) said that it would withdraw N500 billion from the banking system through the recent increase in…
-
Asset Management Corporation of Nigeria (“AMCON”) said that it has successfully completed the sale of the entire issued and fully paid up…
-
The Central Bank of Nigeria (CBN) said it would soon commence comprehensive review of electronic payment guidelines in the country. Deputy Governor,…
-
–$73 crude benchmark, too optimistic —falling oil prices not responsible for deteriorating economy —Expect tough times ahead —Nigeria has done many things…
-
—raised lending rate to 13 per cent —increased private sector cash reserved to 20% —Retain public sector cash reserve at 75% The…
-
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…
-
The Minister of State for Finance, Mr Bashir Yuguda, on Tuesday announced that federal, states and local governments had shared N593.33 billion…
-
Two Nigerians, Tony Elumelu and Orji Uzor Kalu, along with four other Africans have joined Forbes list of 50 richest people in…
-
The declining fortunes of the naira continued as it suffered 182 kobo depreciation at the foreign exchange auction conducted by the Central…