Spending Flexibility: Nigeria Has Less Room to Cut Spending -Moody’s Nigeria’s high recurrent expenditure remained an issue as it impedes the nation’s ability to consolidate its...
GTBank Posts N99bn Profit for H1, 2019 Guaranty Trust Bank Plc, one of Nigeria’s largest lenders, generated N99.13 billion in the first half of the year....
DMBs May Not Comply With CBN 60% LDR Directive Deposit Money Banks may not significantly increase credit facility to the economy as the Central Bank of...
China National Oil Corporation Invest $16b in Nigeria China National Offshore Oil Corporation (CNOOC) has invested a total sum of $16 billion in Nigeria’s oil and...
Microfinance Banks to Receive Lower Currency Denominations from CBN The Central Bank of Nigeria (CBN) has said Microfinance banks across the country would receive lower denominations...
FG to Open Power Sector to New Investors The Vice President, Prof. Yemi Osinbajo, on Thursday, said the government is working on a plan to open...
More Than 40 Million Nigerians Can’t Access Telecom Service Over 40 million Nigerians still can’t access telecommunication service due to the inability of service providers to...
Nigerian Stock Exchange Hits Two Year-Low Amid Market Rout The Nigerian Stock Exchange (NSE) hits a two-year low on Wednesday as bearish trend persists. The NSE...
Senate Kicks Against Power Sector Bailout Funds Condemns Skeletal Power Supply The Nigerian Senate has opposed the endless infusion of bailout Funds into the power sector...
Food Imports: Experts Warn of Economic ‘Catastrophe’ Following President Muhammadu Buhari decision to restrict the Central Bank of Nigeria from providing foreign exchange to importers of...