The World Bank and International Monetary Fund (IMF) believe Nigeria is the place to be with earnings from foreign direct investment (FDI) expected to hit all...
Board of Directors of the African Development Bank Group (AFDB) has approved a loan of $300 million to finance the Transport Sector and Economic Governance Reform...
Nigeria Deposit Insurance Corporation (NDIC) claim it has paid depositors of 48 failed banks in the country N90.13 billion as at December 2012. According to Alhaji...
Fitch Ratings, renowned global rating agency, has revised the Outlook on Lagos states’ ‘National Long-term rating’ to Positive from Stable, and subsequently affirmed it at ‘AA(nga)’....
Board of directors of the African Development Bank (AfDB) has approved a Trade Finance package of $200 million comprising an unfunded risk-sharing facility and a trade...
United Bank for Africa Plc (UBA) and MoneyGram International have donated a fully branded children playroom and Pediatric Centre to University of Benin Teaching Hospital (UBTH),...
Mobile money service providers in the country are making last-ditch effort to connect to the National Central Switch (NCS) in compliance with the directive of the...
Lagos, Bayelsa and Cross Rivers States are top on the list of the states of the federation that are indebted to both local and foreign institutions...
Dr. (Mrs) Ngozi Okonjo-Iweala, Nigeria’s Finance and Coordinating Minister of the Economy said that despite Africa’s recent strong growth and rising middle class, many poor households...
Central Bank of Nigeria (CBN) has confirmed the adoption of the ‘Nigerian sustainable banking principle (NSBP) and the accompanying three sector guidelines – agriculture, power and...