BoI Posts 44% Profit Growth The Bank of Industry (BoI) has said it recorded a Profit Before Tax of N17 billion in 2016, which represented a...
CBN Directs Banks to Diversify Portfolios, Fund MSMEs The Central Bank of Nigeria has advised commercial banks and other financial institutions to diversify their portfolios and...
Lagos Plans to Increase IGR to N50bn in 2018 The Commissioner for Economic Planning and Budget,Lagos State, Mr. Akinyemi Ashade, has said that the state government...
CBN Sanctions 14 Banks for Crowding out SMEs in FX Market Following persistent complaints that some Deposit Money Banks (DMBs) have deliberately frustrated efforts by many...
Court Adjourns $16.4m Debt Suit Against Stella Oduah The Federal High Court in Lagos has adjourned till May 30, 2017 to hear pending applications in an...
‘CBN Loan Blocking Our Access to Finance’ Power distribution companies in the country on Monday said part of the N201.6bn Central Bank of Nigeria loan reflecting...
W’Bank Blames Nigeria’s Forex Crisis on Fixed Exchange Regime The World Bank has blamed Nigeria’s enduring foreign exchange instability on the fixed exchange regime in the...
Improved Dollar Liquidity May Boost Banks’ Earnings The increase in dollar sales by the Central Bank of Nigeria (CBN) is giving banks in the country reason...
Infractions: CBN, SEC Fine Three Banks The Central Bank of Nigeria and the Securities and Exchange Commission have slammed various fines on three banks for committing...
CBN Mops up Liquidity to Support Naira The Central Bank of Nigeria sold N107.64bn ($353m) in Treasury bills on Friday in a move to soak up...
