Kemi Adeosun, minister of finance, says it might take five to 30 years to repay the $5.5billion loan that President Muhammadu Buhari is seeking.
Total insured market losses from hurricanes Harvey, Irma and Maria and two earthquakes in Mexico this year came to around $95 billion, reinsurance group Swiss Re announced Friday.
The Central Bank of Nigeria (CBN) has directed banks to establish a database of their customers identified through their Bank Verification Numbers (BVNs) to be involved in confirmed fraudulent activities.
Zenith International Bank Plc has declared gross earnings of N531.3 billion for the third quarter ended Sept. 30, 2017.
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.
Ecobank Nigeria Limited has disowned Altlantic Global Asset Limited, which has been soliciting for investments using its name.
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.
Africa Reinsurance Corporation, Africa Re, has disclosed that increased insurance penetration among farmers will help to drive the federal government’s agricultural transformation agenda.
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.
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.
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.
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.
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.
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.
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.
An insurance expert, Mr Mufutau Oyegunle, on Saturday lauded the National Insurance Commission (NAICOM) for its partnership with the Kaduna State Government on enforcement of compulsory insurance scheme.
Ahead of Saturday’s presidential and National Assembly elections, the Independent National Electoral Commission (INEC) has commenced the re-configuration of 5,823 Smart Card Readers (SCR) in Delta State.
The Department of State Services (DSS) has invited Okechukwu Ibeanu, the National Commissioner in charge of logistics at the Independent National Electoral Commission (INEC), for questioning.
The Resident Electoral Commissioner (REC) in Adamawa State, Barrister Kassim Gaidam, has refuted a news report that he rejected offer of bribe to the tune of $1m and a house in Dubai from the presidential candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar.
The Kwara State Primary Health Care Development Agency has advised the people to beware of meningitis and watch against symptoms like high body temperature, irritability, headaches, photophobia, convulsion and coma.
Kaduna state governor Nasir El-Rufai on Tuesday said about 130 persons died in Kajuru villages attack and not 60 as he previously announced.
Chinese President Xi Jinping plans to meet top American officials in Beijing this week, a report said on Wednesday, as the world's two biggest economies rush to patch up their trade differences amid threats of an expanded trade war.
Saudi Crown Prince Mohammed bin Salman will be conferred with Pakistan's highest civilian honour a day after signing $20bn in investment deals with the South Asian country.
The three main Socio-cultural organisations in Benue State have charged the electorate in the state to turn out en masse to vote credible candidates during the Presidential and National Assemblies elections on Saturday.
President Muhammadu Buhari Saturday in Abuja said he was disappointed by the decision of the Independent National Electoral Commission (INEC) to postpone the earlier scheduled 2019 general election despite the long period it had to prepare for the polls.
President Muhamamdu Buhari says he is not afraid to lose the presidential election rescheduled early Saturday morning to February 23.