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CBN meets over volatile naira, interest rate

    CBN meets over volatile naira, interest rate

•Lifts ban on forex sales to BDCs The Monetary Policy Committee (MPC) is set to review recent developments in the global and domestic economy at a crucial two day meeting

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NSE market capitalisation drops by N116bn

    NSE market capitalisation drops by N116bn

Nigerian equity market for the fifth consecutive day extended down trend with the market capitalisation losing N116 billion due to price loses posted by major blue chips. The market capitalisation

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Skye Bank gets CBN’s loan to boost liquidity

    Skye Bank gets CBN’s loan to boost liquidity

The Central Bank of Nigeria (CBN) has provided loan to Skye Bank Plc to boost its liquidity after the lender breached requirements on capital and lending. The short-term lending facility

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Sterling Bank dumps Keystone acquisition plan

    Sterling Bank dumps Keystone acquisition plan

Sterling Bank Plc has withdrawn its bid to buy Keystone Bank Limited over the price sought for the lender rescued bridge bank. “We felt we wouldn’t get it at the

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IMF: Economy may contract by 1. 8%

    IMF: Economy may contract by 1. 8%

Nigeria’s economy is likely to contract by 1.8 per cent this year, the International Monetary Fund (IMF) said yesterday, as

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Naira to fall further on higher dollar demand

    Naira to fall further on higher dollar demand

The naira is expected to depreciate further this week as rising dollar demand continues to put the local currency under

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N6.4bn monthly fraud uncovered on FG payroll

    N6.4bn monthly fraud uncovered on FG payroll

The Presidential Initiative on Continuous Audit found discrepancies in the payroll of the Federal Government’s Ministries, Agencies and Departments to

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Fitch rates Diamond ‘BBB’+, Bol gets AA+

    Fitch rates Diamond ‘BBB’+, Bol gets AA+

Diamond Bank’s strong fundamentals have been reaffirmed by the global credit ratings and research agency, Fitch Ratings. In the recently

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Naira tumbles to 360 as dollar supply dries up

    Naira tumbles to 360 as dollar supply dries up

The naira fell to 360 against the United States dollar at the parallel market on Wednesday as the supply of

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Kia Motors Mexico celebrates first year anniversary and announces hybrid model for local market

    Kia Motors Mexico celebrates first year anniversary and announces hybrid model for local market

• Kia Motors Mexico among the 9 best-selling automotive brands only a year after entering market • More than 30,000

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