EU, UK agree deal on Brexit tradeEU, UK agree deal on Brexit trade

Simeon Ebulu,  THE long-awaited trade deal between the European Union (EU) and United Kingdom (UK), following Britain’s exit from the EU, came to a successful...

House of Reps, SEC endorses Lagos commodity exchange

The National Assembly and the Securities and Exchange Commission, SEC, have endorsed the commencement of the Lagos Commodities and Futures Exchange, LCFE, assuring the...

CBN set to screen bank workers for competence

Bank workers are about to have their capabilities to work in the industry reviewed. This means that only those with the competence to carry out...

Naira value not decided by parallel market, says Emefiele

Nduka Chiejina, Abuja The Central Bank of Nigeria (CBN) has labeled the foreign exchange parallel market as tainted and a channel for bribery and corruption. CBN...

NAICOM to collaborate with NYSC on insurance awareness, penetration

The National Insurance Commission (NAICOM), says it will collaborate with the National Youths Service Corps (NYSC) to promote insurance sensitisation and improve penetration in...

FOREX: CSOs task CBN on level playing ground for oil marketers

A consortium of Civil Society Organisations (CSOs) has asked the Central Bank of Nigeria (CBN) to ensure level playing ground for all oil marketers...

Fidelity Bank posts N105.8b half year gross earnings

Collins Nweze FIDELITY Bank Plc has recorded N105.8 billion gross earnings in its audited results for the half year ended June 30, 2020. The result...

CBN sets capital rules for mobile money licences

Lucas Ajanaku THE Central Bank of Nigeria (CBN)  said it will grant more licences for payment service banks (PSBs) but set a minimum capital base...

Banks raise lending rates to 30 per cent

Collins Nweze Cut of interest on deposits  Total loans to businesses hit N18.90tr Customers are paying more on loans and getting less on deposits from...

CRR: CBN holds N900b customers’ deposits with banks

Collins Nweze,  THE Central Bank of Nigeria (CBN) has been holding on to N900 billion of lenders’ deposits as Cash Reserve Ration (CRR) since January. By...

Banks cancel N1.9tr bad loans

 Collins Nweze COMMERCIAL banks have written off N1.9 trillion bad loans from their books in the last four years, a report by Agusto & Co,...

Farmers seek FG’s support on loans, grants

Frank Ikpefan, Abuja The National Apex of Nigerian Farmers’ Cooperative Society (NANFACOS) wants President Muhammadu Buhari to give priority to the private sector to enable...

COVID-19: Banks battle new wave of non-performing loans

Banks are literally quaking under the COVID-19 headwinds as the portfolio of non-performing loans continue to rise at an all-time high, reports IBRAHIM APEKHADE YUSUF The...

N100b bond to boost infrastructure in Lagos

Collins Nweze The signing of the Issuance of N100 billion Series III Bond under its N500 billion Bond Issuance Programme by the Lagos State Governor,...

Banks reject payment to foreign business partners

Collins Nweze DEPOSIT Money Banks (DMBs) are turning down payment requests from customers seeking to pay business partners abroad with naira debit cards. Banks are asking...

Virtually all Equatorial Guinea oil business on hold – minister

Virtually all oil and gas projects and licensing rounds are on hold in Equatorial Guinea as the country braces for an extended oil downturn...

Kwara aviation college sends staff on unpaid leave, slashes salaries

The International Aviation College, Ilorin (IACI), Kwara State, has sent its workers on Leave without pay and slashed their salaries for April 2020. The members...

South African Airways faces wind-down or liquidation as cash runs out

South African Airways (SAA) faces a wind-down or liquidation after specialists appointed to try to save the state-owned airline said on Thursday they had...

Mikano sacks over 600 staff

As Lagos state Nigeria enters its third week of lockdown due to the Coronavirus pendamic, family members of over 600 staff sacked by Mikano...

IMF to meet April 28 on Nigeria’s request for $3.4 billion emergency fund

The International Monetary Fund (IMF) on Friday said it would meet on April 28 to consider Nigeria’s request for $3.4 billion in emergency financing...
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