Nigeria Deposit Insurance Corporation (NDIC), in a press statement posted on its official website, announced the official liquidation of Fortis Microfinance Bank and its branches nationwide....
A London Arbitration Tribunal has awarded $8.9 billion fine against the Nigerian government in favour of a British firm, Process and Industrial Developments Limited for damages...
JPMorgan Chase & Co, has requested a London court to dismiss a lawsuit brought by the Nigerian Government, accusing the Bank of failure to stop $875...
Uncertainty rises over the possibility of Nigerians benefiting directly from the Dangote Refinery in terms of reduction of the pump price of petrol. The uncertainty springs...
Nigeria’s Minister of Budget and National Planning, Senator Udo Udoma, says the International Monetary fund erred in January when it cut the nation’s growth forecast to...
The Central Bank of Nigeria (CBN), has given the Association of Bureaux De Change Operators of Nigeria, ABCON, and a no objection approval to launch an...
The Naira on Monday appreciated further at the parallel market in Lagos, exchanging at N358 to the dollar, stronger than N359 it traded on Friday. The...
The Nigeria Interbank Settlement System, NIBSS, in its latest statistics showed that Nigerians have abandoned 10 million bank accounts in 2018. According to findings by National...
Justice Mojisola Olatoregun of a Federal High Court, Lagos on Monday convicted a Managing Director of the defunct Integrated Microfinance Bank Ltd., Simon Akinteye, for fraud...
The Managing Director of Ecobank Nigeria, Mr. Patrick Akinwuntan has asserted that the bank’s focus on technology and innovation is what drives it to be a...