Nigerian banks’ loans to private sector declined by 11.93 per cent in March amid rising interest rates. Data from the Central Bank of Nigeria, CBN, showed that loans to the private sector dropped to N71.21 trillion at the end of…
African Banker magazine has announced the shortlist of nominees for this year’s edition of its African Banker Awards. Since its inception in 2007, the African Banker Awards has recognised the exceptional individuals and organisations driving Africa’s rapidly transforming financial services…
Data from the National Pension Commission (PenCom) have revealed that Nigeria’s pension fund assets dropped marginally to N19.669 trillion for the period ended 31st March 2024. This represents a marginal decrease of about 0.45 percent when compared with N19.759 trillion…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has pledged the country’s commitment to break all entry barriers for would-be investors. The Commission Chief Executive, NUPRC, Mr Gbenga Komolafe gave the assurance during the opening of the Nigerian Pavilion at the…
The Debt Management Office (DMO) has opened the subscription offer for May FGN savings bonds, priced at N1,000 per unit. The two-year savings bond maturing on May 15, 2026, is to be offered at an interest rate of 17.407 percent…
…To develop 1,000 homes in three years Aerofield Homes Limited, a leading property company, has partnered with Oodua Investment to develop Ikeja Luxury Apartments, a high-end housing project in Ikeja GRA, Lagos State. The groundbreaking ceremony marked the beginning of…
The Minister of Power, Mr Adebayo Adelabu says the Federal Government requires $10 billion investment yearly, to revive the power sector for the next 10 years. Adelabu said this in Abuja on Monday, at a one day investigative hearing on…
A Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja, on Monday, restrained Multi-Choice Nigeria Limited from increasing its tariffs and cost of products and services scheduled to begin on May 1. The three-member tribunal, presided over by Saratu Shafii,…
The Debt Management Office (DMO) sold Treasury Bills (T.bills) valued at N2.669 trillion across its auctions in March 2024. This was contained in the FMDQ Markets Monthly Report for March seen by newsmen. The amount represents a 3.07 percent (N79.54…
By Seun Ibiyemi The Onne Port Complex of the Nigerian Ports Authority (NPA) at the weekend, yet again demonstrated its capacity and readiness for large ship calls, with the successful berthing of a container vessel with a Length Over All…
