The Central Bank of Nigeria (CBN) has directed commercial banks to restrict access to certain banking services for large borrowers with non-performing loans as part of...
Nigeria’s deposit money banks have placed nearly ₦7 trillion in excess liquidity with the Central Bank of Nigeria through its Standing Deposit Facility, indicating persistent surplus...
Nigeria has urged global oil producers to consider investing in the country as part of efforts to diversify energy supply during global disruptions. Nigeria’s Minister of...
The leadership of the Nigerian Senate is expected to meet with officials of the International Monetary Fund (IMF) to discuss Nigeria’s economic outlook and ongoing reform...
By: Amarachi Okonkwo Nigeria may be losing as much as 50 per cent of the food produced in Lagos before it reaches consumers, a situation stakeholders...
VFD Group Plc has announced plans to refund approximately N1.83 billion in surplus funds to shareholders who participated in its recently concluded N50.6 billion rights issue....
By: Amarachi Okonkwo Nigeria’s maritime industry is bracing for higher cargo costs and possible trade disruptions as the ongoing crisis in the Middle East begins to...
By: Amarachi Okonkwo Millions of Nigerians could face deeper electricity shortages as gas suppliers threaten to stop supplying thermal power plants over mounting debts estimated at...
The Central Bank of Nigeria has set an 18-month deadline for Deposit Money Banks to fully comply with newly introduced baseline standards for automated anti-money laundering...
Global oil prices rose by more than five per cent, reflecting renewed volatility in the energy market. Brent crude traded at $92.43 per barrel, representing a...
