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.
Nigeria’s downstream sector records a yearly income of 56 billion dollars, Mr Abayomi Awobokun, Chief Executive Officer, Enyo Retail and Supply Limited, has said.
Former Arsenal goalkeeper David Seaman has suggested Arsene Wenger could be the ideal replacement for Maurizio Sarri at Chelsea.
A member of the National Assembly representing Langtang South/Langtang North Federal Constituency of Plateau State, Hon Beni Lar, has cried out that her constituency is under siege of political thugs ahead of the rescheduled presidential and National Assembly elections holding on Saturday.
A chieftain of the ruling All Progressives Congress (APC), and strong ally of President Muhammadu Buhari, Engr. Kailani Muhammad, has said that, the presidential candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar, is desperate to be president of Nigeria.
Suspected herdsmen on Wednesday killed 16 persons and injured two others during an invasion of Ebete community in Usha council ward of Agatu Local Government Area of Benue State.
Justice Halima Saleeman, the presiding judge of the Ilorin High Court in the trial of five accused persons in the April 5, 2018, Offa bank robbery case, has adjourned the hearing on the matter till March 14 and 15, 2019.
Ahead of the Presidential and National Assembly elections on Saturday, the Independent National Electoral Commission in Imo has released WhatsApp accounts and phone lines for complaints.
The France World Cup-winning midfielder was sent off in United's first-leg defeat to Paris Saint-Germain in the Champions League last 16 - the first loss under caretaker manager Ole Gunnar Solskjaer.
British MPs have accused Facebook of "intentionally and knowingly" violating data privacy laws and called for a code of ethics to regulate social media platforms to limit the spread of fake news.
Mr. Sebastian Okoh, the House of Representatives candidate of All Progressives Congress (APC) in Ika Federal Constituency of in Delta State, escaped being assassinated when gunmen invaded his residence and riddled the entire place with bullets on Friday.