Financial experts say the Central Bank of Nigeria’s (CBN) proposed policy that will ensure that loan defaulters forfeit their deposits in other banks is commendable.
Nigeria’s Gross Domestic Product (GDP) growth rate dropped to 1.94 per cent (year on year) in real terms in the second quarter of the year (Q2 2019) compared to 2.10 per cent in the preceding quarter, according to the National Bureau of Statistics (NBS).
The Debt Management Office (DMO) says that the September savings bonds’ offer of the Federal Government has opened for transactions.
South Africa’s rand traded sideways on Monday, with investors holding fire ahead of second quarter economic growth figures that could help gauge the future direction for the currency.
The Securities and Exchange Commission (SEC) on Monday asked shareholders of the defunct Afribank Plc to claim their dividends.
Widespread adoption of Facebook’s proposed “Libra” cryptocurrency could harm the European Central Bank’s ability to manage the eurozone economy and threaten the euro itself, a top official said Monday.
The Central Bank of Nigeria (CBN) has rolled over N208.6 billion Treasury Bills across all maturities at the Primary Market Auctions.
Otunba ‘Debola Osibogun, CAFEi President, said in Lagos on Sunday that extension of the deadline would give room for more people to key into the initiative.
Contrary to insinuations in some quarters, the Central Bank of Nigeria (CBN) new policy regime mandating banks to go after customers who default on the repayment of their loans by seizing their deposits in other accounts is backed by law.
In its bid to assist people, especially small and medium entrepreneurs and those living in rural areas, to have access to credit facilities, a firm, Credit Assist Investment Limited, has launched a standard secured web and mobile application, KoloMoni.
First Bank of Nigeria Limited has disbursed over N100 billion under the Central Bank of Nigeria Commercial Agriculture Credit Scheme initiative introduced to strengthen agricultural value chain.
President Muhammadu Buhari on Friday held investment talks with top officials of Japan Bank for International Cooperation, and Toyota Group, at the margins of the Seventh Tokyo International Conference on African Development (TICAD 7), holding in Yokohama, Japan.
Nwani said there is nothing bad in borrowing but added that it should be for developmental projects in such a way that would have positive effects on economic growth and human development.
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan, has called on bankers to reposition their skillsets and knowledge-scope in order to meet with the challenges of a fast-changing business environment and marketplace.
The African Development Bank (AfDB) says it has committed $2 billion to the education and training of six million science students in Africa from 2005 to date.
Former Emir of Bakura in Zamfara, Alhaji Hassan Marafa has emerged as the Deputy Chairman of the state chapter of the Peoples Democratic Party (PDP).
Oyo State Governor, Mr Seyi Makinde, has described his victory at the Governorship Election Petitions Tribunal as the triumph of truth over falsehood.
Google on Monday sent out invitations to an October 15 event starring “things Made by Google,” with a new Pixel smartphone expected in the line-up.
The House of Representatives ad hoc committee on abandoned Projects in Niger Delta has discovered that a total of 1,723 contractors had collected a total of N70.495 billion without mobilising to the site.
Gary Neville has branded Manchester United midfielder Paul Pogba’s agent Mino Raiola a disgrace and urged his former club to no longer negotiate with the Italian.
The Kaduna State Development Plan 2016-2020 reveals an estimated 37% of pupils’ dropout by primary six with females having the highest non- completion rate of 24.8% compared to males with 20.7%.
Corruption will continue to thrive in the country when accountability is ignored, President Muhammadu Buhari has said.
Former Zimbabwe leader Robert Mugabe will be given a state funeral on Saturday with a dozen African leaders expected to pay tribute to a man lauded as a colonial-era liberation hero.
Two anti-establishment candidates in Tunisia's divisive election claimed on Sunday to have won through to a runoff, hours after polling closed in the country's second free presidential poll since the 2011 Arab Spring.
In a bid to encourage its students to be well grounded in the study of medicine, the College of Medicine, University of Nigeria, Nsukka, is set to establish an innovation in its teaching and learning method.