The Central Bank of  Nigeria (CBN) is set to increase the Loan/Deposit ratio of Banks to 70% in 2020. This was disclosed by the Deputy Director, Financial Policy & Regulation Department, CBN, Hassan...

The Nigerian National Petroleum Corporation (NNPC) has laid out steps to mitigate the ragging twin menace of pipeline vandalism and crude oil theft in the nation’s Oil and Gas Industry. Speaking...

Moody’s Investors Service, one of the global credit rating agencies, in its most recent report, changed its outlook on Nigeria’s credit ratings from stable to negative. According to the rating...

The use of cryptocurrency known as bitcoin has continued to rise in Nigeria despite warnings by the Central Bank of Nigeria (CBN) that digital currencies are not legal tenders. The Chartered Institute...

The Nigerian Senate has passed the 2020 budget. The budget was increased from N10.33 trillion to N10.6 trillion (10,594,362,364,830). The National Assembly also raised its budget for 2020 from  N125bn...

The banking sector recorded 800,201,498 volume of transactions valued at N42.76tn within the third quarter of this year. The figure is contained in the banking sector report which was released by the National...

The board of the African Development Bank (AfDB) has approved the NTEP-1 projects of the Transmission Company of Nigeria (TCN) worth $210 million in a board resolution in Abidjan, the Ivorian capital. The...

The Nigerian government has spent $1.66 billions in servicing her external debt in one year, from July 2018 to June 2019. An analysis of the data obtained from the Debt Management Office (DMO) also showed...

Coca-Cola has for the second consecutive year been named the world’s largest plastic polluter. According to the non-profit Break Free From Plastic organization, the Atlanta-based Coke is the biggest...

A total of six banks generated N675.9bn from non-interest income in the first nine months of 2019, an increase of about 12 percent from the N606 billion generated by the banks in the same period last year. Non-interest...

The Independent Corrupt Practices and other Related Offences Commission (ICPC) has expressed dismay that the N100 billion annual allocation to constituency projects across Nigeria was yet to achieve the...

According to latest figures released by the Central Bank of Nigeria (CBN) on Thursday, Nigeria’s foreign reserves fell by $1.26 billion from $41.76 billion on October 2 to $40.5 billion as at October...

Nigeria’s Minister of Aviation, Hadi Sirika appears to have dampened the enthusiasm of many advocates of a national carrier for Nigeria. On Wednesday, he said Arik Air currently does not possess what...

The Federal Government of Nigeria on Tuesday said the 36 state governors in the country kicked against its plan to extend the repayment period of its budget support to state governments from 20 to 30 years. The...

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele says the nation’s land borders will remain closed until neighbouring countries meet the requirements for them to be reopened. Emefiele,...

The Debt Management Office (DMO) says the Nigerian government owes N25.7 trillion in debt both domestically and externally as at June 30. The DMO stated this in its ‘Total Public Debt Portfolio’ obtained...

Nigeria’s Minister of Agriculture and Rural Development, Sabo Nanono on Monday said that the country was producing enough food to feed itself and send to neighbouring countries. Nanono, who made the...

The Central Bank of Nigeria (CBN) says the administration of President Muhammadu Buhari earned a total of N16.647 trillion from the oil and gas industry in its first tenure from May 2015 to April 2019. According...

Nigeria’s House of Representatives on Thursday passed a bill sponsored by the Speaker, Femi Gbajabiamila which criminalizes the estimated billing of electricity consumers by Distribution Companies (Discos)...

The Central Bank of Nigeria (CBN) and the Financial Reporting Council  have sanctioned four commercial banks in the country between January and June for various infractions. The nation’s apex bank imposed...