However, according to insiders, the bank is exposed to litigation issues that could see it in serious financial trouble in the future as events unfold in the courtroom.
Supranational trade finance bank, African Export-Import Bank (Afreximbank), says it is opening its shareholding to the investing public with a 300 million dollars equity offering through the issuance of depositary receipts.
Nigeria’s foreign exchange reserves rose to $31.22 billion, data from the Central Bank of Nigeria, CBN, have shown.
“About 57per cent of the total foreign capital inflows into the Nigerian economy between January and May 2017 was recorded in April 2017 and May 2017 following the commencement of the I&E window on April 24, 2017,” they stated.
The Ogun State government has asked the Federal Government to accord it the deserved recognition regarding the state of Value Added Tax being generated in the state compared to other states.
The Federal Government has filed a notice of discontinuance of the suit it filed against seven commercial banks seeking the remittance of the sum of $793.2 million allegedly hidden with them in contravention of the Treasury Single Account policy.
The Central Bank of Nigeria (CBN) has disclosed that Naira currency in circulation dropped by 5.6 per cent to N1.77 trillion in July 2017.
The IATA representative noted that this situation had forced many airlines in the past to terminate their operations into Nigeria due to non-remittance of their money for sale of tickets.
The President of the Senate, Bukola Saraki, has stated that the inability to access finance, inadequate power supply and the underdeveloped transport systems are major factors hindering millions of productive but unemployed and underemployed youths from starting small businesses.
The Managing Director, Nigeria Sovereign Investment Authority (NSIA), Uche Orji, said on Monday that contributors to the Sovereign Wealth Fund will be eligible to dividends from 2018.
The Bank of Industry (BoI) has disbursed a fresh N21 million loan to 438 traders in Bauchi State.
As the casualty in the Kenya’s terror attack hits 21, President Muhammadu Buhari has commiserated with the government and people of Kenya on the attack on a hotel and office complex in Nairobi.
The presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, has revealed that he was personally involved and participated in crafting the ideas in the working document he released tagged “The Atiku Plan”, which contains his ideas on how to get Nigeria working again.
The Deputy Senate President, Ike Ekweremadu, on Thursday, shocked his colleagues when he revealed how some thieves broke into the luxury car of a senator and stole huge sums of money.
As the University of Lagos (UNILAG) prepares to host the 26th Nigerian Universities Games Association (NUGA) Games, its Sports Management Board says the institution will soon be the country’s sports hub.
The Chief Magistrate District Court II in Abuja has suspended the warrant of arrest issued previously to the Special Presidential Investigative Panel (SPIP) headed by Chief Okoi Obono-Obla against five top officials of Nigeria Football Federation (NFF).
Rafael Benitez has vigorously defended his policy of not risking Newcastle's Premier League status by chasing FA Cup glory.
Sudan's longtime ruler is defiant in the face of more than three weeks of protests demanding his resignation.
The Chief of Army Staff, Tukur Buratai, dispatched ‘a special commendation’ message to thousands of Nigerian troops and their commanders who have been actively engaging Boko Haram insurgents across the country’s northeastern flank.
Former Manchester City and Liverpool striker Mario Balotelli is set to join Marseille from Nice.
The traditional ruler of Iworoko Ekiti in Irepodun/Ifelodun Local Government Area of Ekiti, Oluwafemi Adejana, is dead.