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Why CBN maintains sealed lips on 4 banks below minimum liquidity ratio

CBn Emefiele

To avoid panic withdrawals capable of leading to confusion that will frustrate the recovery speed of the four banks, the Central bank of Nigeria (CBN), has kept the names of ...

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Issues MPC meeting may crack during next week’s meeting

CBN MPC meeting

Apart from a heated debate expected on whether to lower or still retain rates, the recent comment by a member of the Monetary Policy Committee (MPC), Dr. Doyin Salami, that ...

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Unity Bank currently 4th largest provider of single-interest loans

Unity Bank House

Banking giant, Unity Bank Plc., has been revealed as the fourth largest provider of single-digit interest loans (nine per cent maximum) to agribusiness under the Central Bank of Nigeria’s (CBN) ...

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NIMASA DG indicts self in London, says Africa not ship financing continent

Nimasa boss, Dakuku Peterside

As Nigerian maritime stakeholders continue to express worry on non implementation of Cabotage Vessel Financing Fund (CVFF), a statutory responsibility of the Nigerian Maritime Administration and Safety Agency (NIMASA), the ...

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Dangote deal spurs FG to adopt tax reliefs in funding road projects

Dangote group

A new road project financing model is emerging in Nigeria following the recent seal of agreement between the federal government and Dangote group in the reconstruction of Apapa-Oworonshoki Expressway which ...

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Fitch confirms GTBank’s rating at B+ with stable outlook


…GTB-Ogun State Principals Cup finals holds today  Leading financial sector’s rating group, Fitch Rating has affirmed the stability and buoyancy of GTBank at B+ with a strong outlook for the ...

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ABCON boss leaks key cause of persistent naira fall to dollar

ABCON Aminu-Gwadabe

Illicit dollar (cash) traffic to Dubai is the key factor that has been frustrating the efforts of the government in firming naira. This was the revelation of the President of ...

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Buhari, ministers lure investors with new policies at 72nd UNGA


President Muhammadu Buhari and three ministers on Tuesday addressed the world on new business and investment windows in Nigeria at the ongoing 72nd United Nations General Assembly (UNGA), New York. ...

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Disquiet again at Tincan Ports over fresh seizure of 475 Pump Action guns

Customs Tincan Yusuf-Bashar

Though the Public relations officer of Tincan Customs Command, Mr. Uche Ejesieme, insisted in a telephone interview on Tuesday that it remains a rumour, other top officials of the command ...

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Ecobank upgrades mobile app to boost Xpress Cash, others

Ecobank Boss

As part of back up to deepen its new product, Xpress Cash and others, the Ecobank Group has upgraded its mobile app. Ecobank said Xpress Cash service allows customers access ...

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