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The Nigeria Deposit Insurance Corporation (NDIC) has paid N11.50bn to depositors, creditors, shareholders and other stakeholders of failed banks as at 2017. Read more

Succor may have come the way of investors on the Nigerian Stock Exchange (NSE), as the Securities and Exchange Commission (SEC) and FSD Africa, at the weekend, sealed a 450,000 deal, aimed at strengthening the regulatory structure and investment protection function of the commission. Read more

The Nigerian National Petroleum Corporation (NNPC) says it made a trade surplus of N18.12 billion in the month of May, higher than N17.16 billion in April 2018. Read more

It is trite to say that Nigeria has the potential to become a major player in the global economy by virtue of its human and natural resource endowments. Read more

Union Bank of Nigeria (Union Bank) has announced the retirement of Mrs. Oyinkan Adewale, an Executive Director and Chief Financial Officer (CFO) of the bank since 2012. Read more  

Demand for loans with collateral and without collateral has so far decreased in the third quarter of 2018, despite an increase in the provision of loans by banks. Read more

The Central Bank of Nigeria’s (CBN) Credit Condition Survey for the third quarter (Q3) has revealed that the overall availability of credit to the corporate sector increased in the period under review. Read more

BREAKING: CBN Raises Alarm on Threat to Nigeria’s Exit from Recession – The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the Nigerian economy are putting the country’s exit from recession under threat. Read more

Fidelity Bank Plc’s profit before tax rose by 27.3 per cent from N10.2bn in the second quarter of 2017 to N13bn in the corresponding period of 2018. Read more  

Dr Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC), has appealed to motorists and other consumers of petroleum products across the country not to engage in panic buying of products over the Nigeria Labour Congress (NLC) planned industrial action. Read more

Rising from the September Monetary Policy Committee (MPC) meeting, yesterday, in Abuja, the Central Bank of Nigeria (CBN) expressed worry over rising election spending, saying it is impacting negatively on inflation. Read more

  The Economic and Financial Crimes Commission has commenced investigation of the directors of the defunct Skye Bank for prosecution. Read more

MTN’s shares rose 2.6% by the close, gaining for a fifth straight day. Picture: Waldo Swiegers/Bloomberg After coming out all guns blazing, Nigeria’s central bank surrendered some ground in its tussle with MTN Group, pledging that a dispute over the repatriation of $8.1 billion in dividends from the country will soon be resolved. Read more

The senior Energy Solutions Expert, Nigeria Enterprise Business Development, Mr. Samuel Orji, has revealed that the company has put up a 76 million dollars investment in Nigeria so far, with two training centers in Lagos and Abuja, where they build capacity. Read more

The Federal Government will offer 10 state-owned companies for sale to selected investors and the public in the fourth quarter to raise N289bn toward funding the 2018 budget, the Bureau of Public Enterprises said. Read more

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the economy were putting the country’s exit from recession under threat. Read more

Lagos Deep Offshore Logistics (LADOL) Group is willing to settle with Samsung Heavy Industries (SHI) over ownership of the $300 million integration and fabrication yard at the Lagos Free Trade Zone (FTZ), only on its terms. Read more

The Central Bank of Nigeria has said it will review its decision on the $2.632bn regulatory fine it imposed on Stanbic IBTC Bank Plc on the basis of the Certificates of Capital Importation to MTN Nigeria Communications Limited. Read more

No less than 13,000 customers of a wonder bank, Micheno Multipurpose Cooperative Society (MMCS) in Cross River State, have been duped of their money running into N27 billion. Read more

The Nigerian Stock Exchange, NSE has notified the investing public that the shares of Skye Bank Plc will be suspended from trading on the floor of the Exchange effective Monday, 24 September 2018. Read more