GTBank expects further rise in inflation this year:
Guaranty Trust Bank Plc says it expects a further rise in inflation to the lower double digits in 2016.
DMO to borrow N110bn via bonds:
The Debt Management Office has said it will raise N110bn ($553m) in naira-denominated bonds on April 13.
Market Sheds N1.1tn in Three Months on Bleeding Banking Stocks:
The Nigerian stock market shed N1.1 trillion in the first quarter of 2016 as banking stocks bled following investors’ negative reactions to profit warnings and huge impairment charges recorded by banks for the 2015 financial year.
Customs Boss: Buhari Trilled at Integration of $3.8bn Made- in- Nigeria FPSO:
The Controller General (CG) of Nigeria Customs Service, (NCS), Col. Hameed Ibrahim Ali (rtd) has said President Muhammadu Buhari was elated at the integration of the first made-in-Nigeria oil services platform also known as floating production storage and offloading (FPSO) vessel.
$40m inflows push foreign reserves to $27.9b:
Official foreign exchange reserves increased marginally by $40 million in March on a 30-day moving average basis to $27.9 billion, data from the Central Bank of Nigeria (CBN) have shown.
Lagos pays 2,654 retirees N11.44b accrued rights:
The Lagos State government, through the Lagos State Pension Commission (LASPEC) has paid N11.44 billion pension accrued rights to 2,654 in eight months, Commissioner for Establishments, Training and Pensions, Dr. Akintola Benson Oke has said.
FirstBank ATMs process 275,000 bill payments:
First Bank of Nigeria Limited has processed 275,000 bill payments through its Automated Teller Machines (ATMs) and processed airtime purchase worth N3 billion, the lender said in a statement.
African Finance Corporation’s assets cross $3.2b mark:
Africa Finance Corporation (AFC) yesterday announced its 2015 fiscal year results, which showed that the lender achieved 25 per cent growth in its balance sheet, with total assets in excess of $3.2 billion.
Nigeria’s Terms of Trade improves in Q4 2015-CBN :
THE Central Bank of Nigeria (CBN) yesterday said that the country’s Terms of Trade (TOT) improved in the fourth quarter of 2015.
Africa Finance Corporation grows asset by 25% in 2015 :
AFRICA Finance Corporation (AFC) said its 2015 fiscal year results despite a difficult operating environment, delivered strong underlying operating results.