Nigeria remains in recession as nation records 5th consecutive negative quarterly GDP

The National Bureau of Statistics has revealed that Nigeria recorded a 2017 first quarter GDP growth rate of -0.52%....





NIGERIA: Daily Parallel Market Exchange Rate (May 23, 2017)

Parallel market exchange rate between the Naira and three of the world's major...


UBA launches Eurobond programme

Nairametrics. Barely a few weeks after Zenith issued a statement concerning issuing a Eurobond, UBA has followed suit. Here...


Low down on Adeosun’s plan to hike interest rates on unpaid taxes

Nairametrics| Individuals who default in paying taxes will face a hike in the interest rates on arrears . Minister...


Okomu Oil Palm to spend N250 million on CSR this year

Nairametrics| Okomu Oil palm plans to spend N250 million on Corporate Social Responsibility (CSR) in 2017. Here is the...




Kachikwu tells BBC he may step down in 2019 if refineries don’t work

Nairametrics| Minister of state for petroleum, Ibe Kachikwu has promised to step down from his post if Nigeria does...


Why the FG is increasing its stake in the Islamic Development Bank

Nairametrics| Nigeria has decided to reinvest its dividends from the Islamic Development Bank (IDB) for the year 2016. This...


Company News Roundup (May 20, 2017) – Bank executive compensation top N6 billion N1 billion in 2016

This is Nairametrics recap of some of the top company/industry stories that were in the news for the week...


5 takeaways from CBN’s February Banking Report

Nairametrics| The Central Bank of Nigeria (CBN) has released its February report on the banking industry. With not so...


Amcon’s reasons for taking over Wokson International

Nairametrics| The Asset Management Corporation of Nigeria (AMCON) on Friday took over the assets of Woksons International and its...


Banks to now charge N600 (up from N50) as annual ATM card maintenance fee

Recently revised bank charges by the Central Bank of Nigeria will take effect this month. The CBN had earlier...


Real Estate Weekly: Skye Bank gets court order to takeover Intercontinental hotel

This is Nairametrics weekly roundup of major Real Estate News for the week ended May 19, 2017. To get...


Top Nigerian Banks spend N6.1 billion as executive compensation for 2016

Ten of the largest quoted commercial banks in Nigeria incurred a total of about N6.1 billion in executive compensation...


Why Fidson may acquire May and Baker

Nairametrics| Though the Nigerian Stock Exchange has witnessed an uptick, stocks in the healthcare sector have typically being laggards....


Outstanding shares of all companies listed on the Nigerian Stock Exchange

The table below is the list of all the quoted companies listed on the Nigerian Stock Exchange as at...


Average lending rate in Nigeria hit 30%pa, first time in 16 years

Data from the Central Bank of Nigeria reveal average lending rate from commercial banks in the country has now...