By Odunewu Segun The Central Bank of Nigeria has replied those calling for further devaluation of the Naira, saying any devaluation would escalate inflation and worsen...
Central Bank of Nigeria (CBN) has directed the consortium of 13 banks involved in Etisalat Nigeria’s $1.2 billion loan to suspend further action on the indebtedness,...
By Odunewu Segun The debt crisis threatening to consume Nigeria’s fourth largest telecommunication firm, Etisalat, took a new twist during the week when the 13 lenders...
A leading stockbroking firm in Lagos provides an insight into the Etisalat loan imbroglio and how a default will affect the 13 Nigerian banks especially GTB...
Etisalat has repaid 42 per cent of the debt owed Nigerian banks and is not owing the humongous $1.2 billion, as being reported in the media....
Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has expressed worry that the gridlock being experienced by petroleum tankers and articulated vehicles on Apapa-Wharf Road...
Nigerian shares extended falls for the second day as sentiment started to weaken amid the possibility that index provider MSCI will downgrade Nigeria later in the...
In preparation for the Ramadan celebration, Jetvan is offering a 50% service discount on labour and diagnostics to its customers as part of activities to...
By ANDREW OJIEZEL Worried by the lackadaisical approach of farmers and Small Medium Enterprises (SMEs) to intervention funds, the Central Bank of Nigeria (CBN)...
The Nigerian Equities Market reversed a five day positive move to lose 2.61 percent on Wednesday as investors embarked on profit taking activities. The Market Capitalisation...