Nigeria’s problem is revenue, not debt — Finance minister
Minister of Finance, Zainab Ahmed, has said that Nigeria does not have a debt problem, despite misgivings amongst experts over...
Loan defaulters to lose deposits in other banks
The Central Bank of Nigeria and other lending institutions have agreed to seize the bank savings of customers that borrow...
Africa Finance Corporation approves $230 mln loan for Nigeria’s 9mobile
The Africa Finance Corporation has approved a $230 million loan for Nigerian telecom company 9mobile, the firm said on Sunday....
Nigeria says it will not relinquish assets in $9 bln gas project dispute
Nigeria will not relinquish assets to a firm registered in the British Virgin Islands following a court ruling related to...
Discos to repay N34bn CBN loan this year
Electricity distribution companies are expected to repay this year N34.05bn of the loan disbursed under the Central Bank of Nigeria-Nigeria Electricity Market...
Stock market inspires confidence, gains N351bn
Equity investors have regained confidence in the nation’s stock market as they recorded gains totalling N351bn in five trading days....
All-Share Index Sheds 0.39% as Market Opens on Negative Note
The equities market opened the week on a bearish yesterday after recording a positive performance last week. The market had...
Africa’s biggest bank targets its smallest shops in fintech deal
South Africa’s Standard Bank has taken a stake in local fintech firm Nomanini to offer credit to potentially millions of...
Nigeria, others eye $1tr infrastructure investment fund
NIGERIA and other African countries are targeting Value Added Tax (VAT) revenue from the over $1trillion infrastructure investment coming into the continent Executive Secretary...
CBN adopts new measure to tackle loan default, rising NPLs
In a move to tackle issues of loan default and rising Non-Performing Loans (NPLs) in the banking industry, the Central...
