Dr. Ngozi Okonjo-Iweala, coordinating minister for the Economy and minister of Finance, has put the nation’s external debt at $6.67 billion while the country spent some...
African Development Bank (AfDB) has formally signed $100 million unfunded Risk Participation Agreement (RPA) with Commerzbank AG under which the two banks will share the default...
Dr. Sotirios Paroutis, a Greek Associate Professor of Strategic Management at Warwick Business School has said that the public recognition of mistakes by the IMF in...
The Nigeria Deposit Insurance Corporation (NDIC), said it would develop strategies to address emerging issues affecting the performances of banks to protect depositors. Alhaji Umaru Ibrahim,...
First Bank of Nigeria Plc which prides itself as the Nigeria’s bank of first choice is to shut down its 700 branches nationwide from Thursday (tomorrow)...
Fitch Ratings has downgraded MTN Group’s National Long-Term Rating to ‘AA-(zaf)’ from ‘AA(zaf)’ but the Outlook is Stable. Fitch has affirmed the National Short-Term Rating at...
The House of Representatives and the Consumer Protection Council (CPC) have launched an investigation into allegations of indiscriminate seizure of customers’ money by malfunctioning Automated Teller...
Several bank customers remain stranded in banking halls in the Eastern Nigeria coal mining capital, Enugu Monday as a new Central Bank of Nigeria (CBN) monetary...
Board of executive directors of the World Bank has approved $30 million each in International Development Association (IDA) credits to support the governments of Mauritania and...
From today, any cheque above N150,000 originating from a third party must be lodged into the beneficiary’s account as the Central Bank of Nigeria (CBN’s) cash-less...