Business

Ebenezer Onyeagwu, the new group managing director of Zenith Bank, says banks are planning on a mechanism that will allow them to recover customer loans from deposits made in other banks.…

The Federal Government has directed all insurance and reinsurance companies in the country to submit their recapitalization plan to the National Insurance Corporation (NAICOM) on or…

At N2.158tn, currency-in-circulation, on month-on month basis, rose by 0.3 per cent at end-April 2019, the Central Bank of Nigeria has said.The apex bank said this in its first quarter report on currency-in-circulation…

Shareholders of Cement Company of Northern Nigeria Plc on Thursday approved the payment of N5.25bn as dividends for the 2018 financial period.The amount which was approved at the company’s annual general meeting in Abuja…

Music superstar, David Adeleke, a.k.a Davido, has emerged the richest Nigerian on Instagram, with his single post valued at over N26 million. According to Instagram Rich List 2019 by Hopper HQ 2019,…

The Central Bank of Nigeria (CBN) has announced a new policy to end of milk into the country just as it assured that the bank was ready to provide loans for those who want to go into the cattle business.Briefing…

The Nigerian Inter-bank foreign exchange market received another boost of 210 million dollars from the Central Bank of Nigeria (CBN) after transactions on Tuesday, July 23.Isaac Okorafor, the CBN Director, Corporate…

Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Ahmed Lawan Kuru, yesterday disclosed that the Corporation is working with other sister agencies such as…

Google has announced the launch of new products and features to make life better for Nigerians digitally on Wednesday. On the light-weight app, Google Go, features like Lens, Discover and…

Superstar footballer, Cristiano Ronaldo has emerged top of the sports' Instagram Rich List, as he earns a staggering £780,000 (N349,746,619.71) for promoted posts on his page. According to…

The Central Bank of Nigeria (CBN) on Tuesday confirmed that its planned policy to restrict allocation of foreign exchange (FOREX) for milk importation and other diary products into the country…

Forex traders working with Rally Trade says Nigerians fell for Mavrodi Mundial Moneybox, a ponzi scheme popularly called MMM, because they ignored all the warning signs. Speaking at the launch of its new partner…

The Senate on Tuesday lamented the multi-billion dollar being paid by the Federal Government to subsidise refined petroleum products for Nigerians.The upper chamber has, therefore, mandated its petroleum committee to…

THROUGH its subsidiary Nigerian Petroleum Development Company (NPDC), the National Petroleum Corporation (NNPC) yesterday signed a $3.15bn financing and technical services agreement with Sterling…

Manchester United are now down from second to sixth on the list of the world’s most valuable sports teams. The Red Devils have tumbled four spots and are now behind Clasico giants Real Madrid…

The asset base of the Bank of Industry has exceeded N1 trillion, this is the first time in the history of the existence of the bank. Olukayode Pitan, the managing director of the development institution, made…

The Lagos State government is planning to introduce a new license agreement for bike hailing startups to allow them operate within the state. A source who spoke to TechCabal on the…

The Central Bank of Nigeria (CBN) might have concluded plans to add milk and other dairy products to items on the foreign exchange restriction list with a view to boosting local production, and investment in…

The Nigerian National Petroleum Corporation (NNPC) said it recorded a trade surplus of N6.33 billion for the month of May, 13 percent higher than the N5.60 billion surplus made in April. The…

It would seem that Avatar’s nine-year reign has come to an end as ‘Avengers: Endgame’ has surpassed the James Cameron blockbuster as the highest-grossing film in history. On Saturday, the final Avengers…

The Federal High Court in Lagos has restrained Shoreline Power Company Limited’s management from interfering with a receiver-manager, Taiwo Ogbara, appointed by Ecobank Nigeria Limited…

COMMERCIAL banks have frozen interests on the N800 billion loans granted oil marketers, The Nation has learnt. They did so in compliance with a Central Bank of Nigeria (CBN) directive…

Anambra state government said it would provide aids for farmers in the state willing to venture into full scale cattle breeding with emphasis on breeding Igbo specie cow popularly known as Efi…

Nigeria's central bank barred banks from buying bills for their own accounts at an open market auction held on Thursday, a move intended to force them to lend rather than invest in government debt, traders said on…