Two investors have acquired a 10.4 per cent stake in Fidelity Bank amid the firm’s drive to raise funds for its operations. In a document sent...
The Central Bank of Nigeria, CBN, has slammed a minimum fine of N2 million as penalty on banks that disobey its new guidelines on...
The CBN has proposed that banks transfer funds in accounts that have been dormant for up to 10 years into a Trust Fund account which will...
The Central Bank of Nigeria (CBN) has dissociated itself from a recruitment portal created in its name and inviting Nigerians to submit applications for...
Nigeria is Africa’s top crude oil producer for March 2023, despite recording lower production during the month under review. According to the Monthly Oil Market...
The International Monetary Fund (IMF) has asked Nigeria to be intentional in making changes to cut borrowing. IMF made this call in its...
The Nigerian Naira suffered a sharp reversal in fortunes on Wednesday, falling at both the official and black-market exchanges after Wednesday’s gain. At the...
The Nigerian Government approved a 10-year concession for the provision of towage services at the new Lekki Deep Sea Port and the Dangote Jetty...
The Naira yesterday appreciated to N737 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market. The...
Ecobank Transnational Incorporated’s (ETI) profit before tax rose to a 5-year-high of N230.55 billion ($540.029 million) in 2022, according to audited financial statements released...