Godwin Emefiele, governor of the Central Bank of Nigeria, says there are plans to carry out a recapitalisation exercise for deposit money banks in the country.
One of the bookrunners handling Airtel Africa Ltd.’s planned initial public offering on the London Stock Exchange said on Monday it had received indications of interest worth about $200 million from pre-IPO investors.
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says he will bring inflation to single digit within the next five years.
The revenue from recorded music in Nigerian has been projected to generate $50 million (about N18 billion naira) by 2020.
The Central Bank of Nigeria plans to create 10 million jobs in the next five years through investment support in agriculture and Manufacturing sector, in line with President Muhammadu Buhari’s agenda of diversifying the Nigerian economy.
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Monday unveiled his economic blueprint for the country, promising to recapitalise banks within the next five years to make them contribute significantly to economic growth.
Justice Ikechi Nwenka of the National Industrial Court, Lagos, has lambasted Indian-owned firm, Tata Africa Services Limited, for refusing to pay its former Sales Manager, Mr. Wilfred Obi, his retirement benefits and commission.
The Nigerian Ports Authority has cancelled the contract for the $2.6bn Badagry deep seaport project, stating that the deep seaport master plan was wrongly done. This is even as the agency explained that it had begun the process for fresh bids for the approval of a new port master plan for the Badagry deep seaport project.
The Rivers State Governor, Nyesom Ezenwo Wike, has directed all parties in dispute over the Oil Mining Licence, OML-25 to resolve all contending issues within 7 days and reopen the oil facility.
The dollar was on the back foot on Monday after sustaining its biggest weekly drop in four months last week as traders remained cautious about the prospects of trade talks between the United States and China at this week’s G20 summit.
The Revenue Mobilisation Allocation and Fiscal Commission on Sunday said there was no going back on the on-going probing of Money Deposit Banks to ascertain the amount of money they collected on behalf of revenue generating agencies of the government.
Facebook’s plan to operate its own digital currency poses risks to the international banking system that should trigger a speedy response from global policymakers, according to the organisation that represents the world’s central banks.
Hundreds of passengers on domestic and international flights were left stranded (Saturday and Sunday) at the Port Harcourt International Airport, Rivers State, as the airport runway remained closed against traffic following the delay in removing a spoilt Boeing 737 aircraft belonging to Air Peace Airline which skidded off the runway while landing at about 3pm on Saturday.
At least eight people were killed when an oil pipeline exploded in the southeast of Nigeria, police and a local official said on Sunday, adding that the death toll could rise.
The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has initiated actions to raise over N140 billion to finance agriculture over the next three years. US$200 million (N75 billion) will be raised by NIRSAL in...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has assured that the corporation would continue to support local companies, within the entire hydrocarbon value-chain, for the growth of the nation’s economy.
1 Division Nigerian Army on Wednesday said, it has killed 24 criminal elements during its operation Harbin Kunama III in Kano, Kaduna and Niger states within one month of operation.
The Deputy Speaker of the House of Representatives, Mr Idris Wase, has urged workers in the National Assembly to create an enabling working environment for members of the federal parliament.
The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has asked Senate President Ahmed Lawan to stop misleading Nigerians, adding that senators earn N15m monthly and not N750,000 as claimed by the Senate President.
The United Nations on Drug and Crime (UNODC) said cannabis is the most widely used drug globally with an estimated 188 million people having used the drug in the previous year.
Cameroon defender Augustine Ejangue has apologised to Toni Duggan after spitting on her in their 3-0 loss to England in Sunday's Round of 16 contest in Valenciennes.
Germany became the first team to secure their place in the last eight of the Women’s World Cup after Lea Schueller’s late strike completed a hard-fought 3-0 win over underdogs Nigeria on Saturday.
The Federal High Court in Lagos has issued a bench warrant for the arrest and production in court of Chief Executive Officer, CEO, of Innosson Nigeria Ltd, Innocent Chukwuma, and two others, over alleged fraud.
The United Nations High Commission for Refugees (UNHCR) has said that Cross River alone was hosting 75 per cent of the over 36,000 Cameroonian refugees in Nigeria.
Leadership of Afenifere and Yoruba leaders met with President Muhammadu Buhari on Tuesday, demanding that he recruits policemen, deploy same to all 774 local government areas to tackle insecurity in the country.
Seven people have died in a crash between a truck and a group of motorbikes on a rural two-lane road in the US.