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IMF raises alarm as banks take N2.4 trillion central bank loans in 3 months

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.

2018: Nine banks to meet new central bank dividend payout policy – report

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.

Central bank mulls reducing CRR for SME-friendly banks

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.

Central bank ‘on course’ to meet single digit inflation rate next year – Godwin...

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.

Central bank holds interest rate to avoid exchange rate pressure

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate at 14 percent.

Access Bank gross N246.6bn in first 6 months in 2017

Access Bank Plc on Wednesday announced gross earnings of N246.6 billion for the 2017 half year ended June 30, 2017.

Monetary policy offers limited tools for economic recovery

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.


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Police arrest nine suspected kidnappers in Taraba

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 plunge on Israel warning, facebook dives

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 joins Argentina training ahead of Italy clash

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.

NGOs warn of intimidation as Italy seizes migrant rescue ship

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.

Arewa CF: Nigeria can’t survive without the north

The Arewa Consultation Forum (ACF) says Nigeria “can never survive” without the north.

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Donald Trump bans Venezuela’s new cryptocurrency

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Antonio Conte: Lionel Messi will never leave Barcelona

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Nigerians react over planned return of evicted #BBNaija housemates

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China, Russia welcome Korean peace efforts with diplomacy in overdrive

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.

Super Eagles remain 52nd in latest FIFA world rankings

The Super Eagles of Nigeria remain 52nd in the latest FIFA men’s world rankings released on Thursday.