Nigeria’s Retail Sector Faces Headwinds Amid slowing economic growth, forex shortages and currency depreciation, retail rentals have doubled in naira terms since December 2014. To retain...
Nigeria’s Crude Oil Production Rises by 280,700 bpd Nigeria’s crude oil production has increased by 280, 700 barrels per day (bpd) from the 1.104 million bpd...
FG Okays $500m Industrial Port for Modandola Group The federal government has approved the development of a $500 million industrial port, which is to be executed...
Unity Bank Seeks Growth of SMEs Unity Bank Plc says it has introduced the Unity Biz Current Account as part of its bouquet of products aimed...
First Bank Gets Approval to Sell Forex to BDCs First Bank of Nigeria Limited says it has received the approval of the Central Bank of Nigeria...
BoI Approves N50b for Cotton, Textile Garment Sectors The Bank of Industry (BoI) has approved loans of over N50billion comprising debt takeover, term loan and working...
FFUAE Votes N87.5m to Support Farmers A non-governmental Organisation (NGO), Foundation for Unemployed and Empowerment (FFUAE), has set aside N87.5 million to support 350 farmers in...
FG to Boost Foreign Borrowing in 2017 to Fund Budget Nigeria is planning to borrow more abroad than locally to fund next year’s budget in a...
Skye Bank CEO Advises Entrepreneurs on Capacity Building The Group Managing Director and Chief Executive of Skye Bank Plc, Mr. Tokunbo Abiru, has reminded entrepreneurs of...
Market Loses N59bn as CBN Restricts Forex Sales The stock market (equities) dipped by N59bn on Thursday following the Central Bank of Nigeria’s directive to Deposit...