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Fidelity Bank awards N6.4 million to 12 SMEs, launches new growth-focused products
Fidelity Bank Plc empowered twelve small and medium scale enterprises (SMEs) with N6.4 million in the maiden edition of its SMEs Funding Connect program.
The 10 most influential entrepreneurs in Nigeria under-40
Nollywood actor, Junior Pope Odonwodo, tragically lost in a boat accident in Anam River, Anambra State, has been gracing television screens for years with his amazing presence and talents.
Nigerian economy grows by 1.81% in the third quarter of 2018
An analysis of the report shows that non-oil sector of the economy recorded a growth of 2.32% as oil sector dragged the economy by a contraction of 2.91% in Q3.
CBN moves to save the Naira from further depreciation
CBN introduces a special forex intervention to sell $15,000 to each Bureau De Change operators (BDCs) in the country every week.
Naira slumps to N370 per dollar, the weakest rate in 2018
Business Insider Sub-Saharan Africa'a analysis shows that the currency lost about 2% in a single day trading yesterday.
Inflation rate drops to 11.26% after two months of consecutive rise
According to the National Bureau of Statistics (NBS), the decline represents a 0.09% points decrease on a month on month basis.
Here's how FG, States and LGs shared N6.2 trillion in the last three quarters of 2018
A breakdown of the disbursement shows that the federal government received the highest sum of N2.6 trillion, followed by the state government with N1.94 trillion.
CBN says bank customers may lose up to N6.1 trillion to electronic fraud by 2021
Sunday Salam-Alada, CBN director, says the volume and value of e-transactions are projected to continue to increase nationally and globally.
CBN pumps $210 million into forex market to support naira
The central bank expresses optimism that the naira will continue its strong run against the dollar and other major currencies around the world.Teleology finally takes over 9mobile
Teleology says it has appointed new directors to run Nigeria's fourth-largest telecoms company, 9mobile.
Access Bank is in talks to acquire Diamond Bank Plc
A banking source confides in Business Insider SSA that Diamond Bank Plc is looking for ways to settle its huge debt and escape regulatory intervention.
Unity Bank Plc is concluding talks with foreign investors over acquisition deal
Unity Bank is trying to raise fund from foreign investors to recapitalise its operations after missing a regulatory deadline last year.
CBN bars government agencies from dealing in Bureau De Change, issues new guidelines
CBN says the new corporate governance regulation is to further strengthen the institutions and reposition them to perform their statutory roles.Petrobras sells Nigerian oilfield stake to Vitol-led group for $1.407 billion
The deal involves a stake in some of two deepwater exploration blocks that are among Nigeria’s largest and lowest-cost fields.Nigerian Stock Exchange suspends Unity Bank Plc, 5 others from trading on the stock market
The NSE suspends the six companies for failing to file quarterly accounts as stipulated by the Rulebook of The Exchange.Naira firms at N362 per dollar as CBN supports forex market with $210 million
Isaac Okorafor, CBN’s spokesperson stresses that the apex bank will continue to intervene in the country’s interbank foreign exchange market to keep the naira stable.
CBN lists 34 firms operating as primary mortgage banks
Primary mortgage banks are lending institutions that give loans to housing and real estate builders.5 takeaways for Nigeria from the 2018 IMF/World Bank meeting in Indonesia
Nigeria's finance minister, Zainab Ahmed, says the country is not ready to increase its taxes despite calls by the international organisations.Nigeria receives a boost from Facebook to help fight fake news ahead of 2019 elections
Lai Mohammed, Nigeria's Minister of Information and Culture says Facebook is ready to support the country in the fight against fake news.Here is the full text of Kemi Adeosun's resignation letter as Nigeria's finance minister
Adeosun said those she trusted presented her the fake exemption certificate.
