The current payment backlog is said to have affected even the government’s ability to shore up…
Category: Business
N10bn Capital Will Be Raised By NGX Group For A Right Issues.
In response to the Rights issues, which are invitations for existing shareholders to purchase additional new…
Latest: How Multichoice Nigeria Lost Over N7.9 Billion To Fraudsters.
Multichoice Nigeria, a major provider of satellite television services in Africa, lost over N7.9 Billion in…
Nigerian Govt announces increase of electricity tariffs.
Mr Oseni said the new rate set by the increase of electricity tariffs will be imposed…
Dangote refinery sets to start PMS sales to customers by May.
According to sources, the Dangote refinery will start selling Petrol, also known as Premium Motor Spirit…
Bank Recapitalisation: Up to N4 Trillion of Inflow Expected to Meet New Requirement – Agusto & Co
Credit rating agency, Agusto and Co., have projected that banks will expect to inflow up to…
Reduction of Oil Exports by Nigeria and Iraq results decrease in OPEC oil output
The reduction of oil exports by Nigeria and Iraq in March caused a decrease in crude…
UPDATED: CBN Directs Nigerian Banks To Increase Capital Base.
The Central Bank (CBN) announced an increase in the capital base for all categories of banks…
CBN’s Increase Of Interest Rate By 24.75% Puts Borrowers On The Edge
Monetary Interest Rate (MIR) is further tightened as CBN’s increase of interest rate by 24.5% rate…
Binance: Regulating cryptocurrencies falls outside CBN purview, says Cardoso.
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says it is not in the…