Interbank Lending Rate Drops to 20% Amid Cash Squeeze The nation’s overnight lending rate dropped to 20 per cent on Thursday on expectation that a cash...
FG Restructures Bank of Agriculture The Federal Government on Thursday announced the commencement of the restructuring of the Bank of Agriculture in order to ease credit...
Profit-taking Drags Equities Down by N43bn Profit-taking on equities that had gained over time pressured Nigerian stocks to plummet on Wednesday, shedding approximately N43bn. The performance...
OLX Site Recorded N12.1trn Online Transactions in 2016 OLX, a leading online classifieds site in Nigeria, has released the report of the total number of second-hand...
Ikeja Hotel Plc Records N128m Loss in Nine Months Ikeja Hotel Plc, owners of Lagos Sheraton Hotels, wednesday reported a loss of N128 million for the...
Equities Market Ends Gaining Streak, Sheds N19bn The Nigerian equities market ended its winning streak on Tuesday after sustaining gain for the fourth consecutive session on...
Inflation to Remain High in Nigeria Next Year – IMF The International Monetary Fund has said it expects inflation in Nigeria and Angola to remain elevated...
FG Plans Finance Scheme for New Car Buyers The Director-General of the National Automotive Design and Development Council, Mr. Jelani Aliyu, has said a fund will...
Again, CBN Injects $195m into Forex Market The Central Bank of Nigeria (CBN) on Monday continued its intervention in the interbank foreign exchange (forex) market with...
United Capital’s Q3 Gross Earnings Rose by 10% Pan-African investment banking group, United Capital Plc, has reported nine-month gross earnings of N6.2bn, representing a 10 per...
