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International Monetary Fund (IMF) has cautioned against rising risks in the banking sector leading to banks borrowing a total of N2.496 trillion from Central Bank of Nigeria (CBN) during the last three months of 2017 according to data obtained from the apex bank at the weekend.
The SBG Securities (Pty) Limited of South Africa, a wholly owned subsidiary of the Standard Bank Group, has projected that about nine commercial banks in Nigeria would be able to pay dividends this year, despite the adjustment to the dividend payout policy issued by the Central Bank of Nigeria (CBN) recently.
As part of efforts to encourage commercial banks to lend more to operators of micro, small and medium scale enterprises (MSMEs), the Central Bank of Nigeria (CBN) is considering lowering the cash reserve requirement (CRR) for SME-focused banks.
The Central Bank of Nigeria, CBN, is on course to realise its target of bringing the country’s inflation rate down to single digits by next year, its governor, Godwin Emefiele, said on Wednesday.
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate at 14 percent.
Access Bank Plc on Wednesday announced gross earnings of N246.6 billion for the 2017 half year ended June 30, 2017.
Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), says monetary policy offers limited tools for dealing with the current economic challenges in the country.
The Commissioner of Police in Taraba, Mr David Akinremi, on Tuesday in Jalingo announced the arrest of nine persons suspected to be kidnappers.
Twitter shares were hammered Tuesday at midday following reports that Israel was weighing action against the company, adding to the growing woes of social media stocks.
Lionel Messi joined up with his Argentina team-mates on Tuesday as they trained at Manchester City ahead of their World Cup warm-up against Italy.
Human rights groups have warned of a campaign of intimidation after Italian authorities seized a Spanish rescue ship and threatened criminal charges against some of its crew members who refused to hand over rescued refugees and migrants to the Libyan coast guard.
The Arewa Consultation Forum (ACF) says Nigeria “can never survive” without the north.
President Donald Trump has issued an executive order to ban Venezuela’s new national cryptocurrency, the petro. It’s the first cryptocurrency-related executive order a president has issued and another blow to an already dubious virtual token that’s supposedly backed by oil reserves, as Venezuela’s president Nicolás Maduro has said.
Antonio Conte said he believed Lionel Messi will remain at Barcelona for the rest of his playing days after watching the Argentine maestro destroy Chelsea’s Champions League hopes.
Viewers of the ongoing BBNaija ‘Double Wahala’ reality show, have taken to various social media platform to oppose the return of disqualified housemates.
China’s President Xi Jinping offered encouragement for South Korea’s initiative to nurture peaceful engagement with North Korea, and Russia also expressed support, the South Korean official leading diplomatic efforts said yesterday.
The Super Eagles of Nigeria remain 52nd in the latest FIFA men’s world rankings released on Thursday.