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Zenith Bank declares N531bn gross earnings in 9 months

Zenith International Bank Plc has declared gross earnings of N531.3 billion for the third quarter ended Sept. 30, 2017.

Central bank sells N98bn treasury securities to keep naira liquidity tight

Nigeria’s central bank sold 98 billion naira of treasury securities on Thursday to keep liquidity tight to support the currency, a day after it auctioned 133.25 billion naira of T-bills, traders said.

AfDB to invest $24 billion in agriculture

The African Development Bank (AfDB) is to invest $24 billion in agriculture over the next 10 years to help unlock its potential and assure food security in Africa.

Ecobank disowns company soliciting for investment in its name via social media

Ecobank Nigeria Limited has disowned Altlantic Global Asset Limited, which has been soliciting for investments using its name.

Forex: Central bank maintains market liquidity with $195m

The Central Bank of Nigeria on Monday continued to maintain liquidity in the Foreign Exchange market by injecting $195 million in the Nigerian inter-bank foreign exchange market.

Insurance critical to fed govt’s agric agenda – Africa Re

Africa Reinsurance Corporation, Africa Re, has disclosed that increased insurance penetration among farmers will help to drive the federal government’s agricultural transformation agenda.

Nigeria must borrow more to deliver infrastructure – Kemi Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, on Sunday, said the nation must borrow more in the short term to deliver critical infrastructural projects such as roads, rail and power.

Central bank urges microfinance institutions to obtain certification

The Central Bank of Nigeria (CBN) has challenged operators of microfinance banks and other financial institutions in the country to persistently pursue certification in the interest of their existence and international best practices.

UBA invests $5 billion in African infrastructure development

United Bank for Africa (UBA) Plc says it has invested more than five billion dollars to support infrastructure development across the African continent in the last seven years.

Central bank vows to stabilise forex rate, invest in youth development

The Central Bank of Nigeria (CBN) has assured the stability of foreign exchange rates which is impacting on the price of goods and services in the country.

NDDC, NEXIM Bank to set up N2.5 billion export development fund

The Niger Delta Development Commission, NDDC, has assured that it will set up a N2.5 billion export development fund in conjunction with the Nigerian Export-Import Bank, NEXIM.

IMF raises concerns over weakness in Nigerian banks

The International Monetary Fund on Tuesday expressed concerns over weaknesses in Nigerian banks and said that the situation might weigh on economic growth in the medium term.

Central bank injects $195m into interbank forex market

The Central Bank of Nigeria injected a total of $195m into the interbank foreign exchange market on Monday, with the naira remaining unchanged at 363 against the United States dollar.

Nigeria’s forex reserves rise to $32.7 billion

Nigeria’s foreign exchange reserves rose 3.12 per cent month-on-month to $32.74 billion by Oct 3, the Central Bank of Nigeria (CBN), had said, indicating a significant growth in the country’s dollar savings.

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Boko Haram kills three Nigerian soldiers in Borno ambush

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Police kill one protester in Kenya opposition stronghold

A young protester was shot dead in western Kenya on Monday as hundreds of opposition supporters again took to the streets demanding reforms ahead of a presidential election, witnesses told AFP.

Fifty-year-old rapes three-year-old to death in Katsina

A 50-year-old man and father of seven, Abdullahi Sani, has been arraigned before a Katsina State Senior Magistrates’ Court for allegedly raping a three-year-old daughter of his neighbour to death.

N500 million suit: Lai Mohammed, Olisa Metuh fail to reach settlement

The N500 million libel suit filed by Lai Mohammed, the Minister of Information and Culture, against Olisa Metuh, a former Peoples Democratic Party, PDP, spokesperson, is set to proceed to trial at the Ikeja High Court.

Kogi govt debunks alleged monkey pox vaccination rumour

The Kogi State Government has debunked the rumour making the rounds that some unidentified men are infecting children with Monkey pox virus in the name of vaccination.

North Korea readies missile launch ahead of United States-South Korea drill

North Korea is believed to be preparing to launch a ballistic missile ahead of an upcoming joint naval drill by the US and South Korea, a news report said Saturday, citing a government source.