NAICOM, Bancassurance, Microfinance banks, Guinea Insurance

NAICOM urged to extend deadline for recapitalisation of Insurance firms

In a quest to give operators more time to explore their best option to apply, the Association of Registered Insurance Agents of Nigeria (ARIAN), has...

HARD TIMES as Nigeria’s crude oil revenue dropped 18% in Q4’2014

NIGERIA'S crude oil earnings during the fourth quarter of 2014 declined from $9.95 billion (about N2.5 trillion) it recorded in the preceding quarter to...

Official: For The 15th Straight Month CBN Keeps MPR At 12%

  The Central Bank for the 15th straight month has decided to keep Monetary Policy Rate ( MPR) at 12 per cent with a corridor...
CBN Gov Godiwn Emefiele

Emefiele Says CBN Will Encourage Nigerians To Consume Locally Made Goods

Nigeria is loosing a whopping sum of N256bn ($1.3bn) in foreign exchange inflows every month as a result of the global fall in the...

Why CBN Is Giving Discos and Gencos N213b Loan

The Central Bank of Nigeria recently dished out loans to Power Generation (Gencos) and Distribution (Discos) companies in the past two weeks. The Central...
minimum wage in Nigeria, How to save money in 2019, ATM, NIP, NBS, CBN, Inflation, Interest Rates

Nigerians prefer low interest rates over lower inflation rates

Nigerians have indicated that they prefer interest rates to fall, while inflation rate rises, if given the chance to choose between inflation and interest rates.

Tax-Master Fowler Will Not Use Consultants To Collect Tax

Acting Chairman of the Federal Inland revenue Service, FIRS, Mr. Tunde Fowler, has said that consultants will not be used...

Buhari Appoints New GMD For NNPC. Find Out Who

President Muhammadu Buhari has approved the appointment of Dr. Emmanuel Ibe Kachikwu as the new Group Managing Director (GMD) of the...
CBN, Central Bank of Nigeria, Godwin Emefiele sack, Atiku, Aishah Ahmad

Bankers, Accountants takeover CBN Board as Economists continue desert the top.

President Muhammadu Buhari nominated Fola Shonubi as a Deputy CBN Governor and is subject to confirmation by the Senate. He replaces Adebayo Adelabu who, according to reports, stepped down to contest for political office.

The Banking Industry May Face Liquidity Crisis Should This Happen…

Hold on, relax and catch a breath. This by no means is not a cause for alarm but still important for investors like me...

E- Payment: CBN To Introduce Biometrics For ATMs, POS Terminals

  The Central Bank of Nigeria yesterday unveiled plans to introduce biometric authentication of Point of Sale (POS) and Automated Teller Machines (ATMs) to address...
Emefiele - nairametrics

CBN releases guidelines for the Nigeria-China currency swap

The Central Bank of Nigeria (CBN) has released guidelines for the recently signed bilateral currency swap between the country and China. The new swap agreement will...

Nigeria Raises N50bn 2020, 2024 Bond at Higher Yields

Nigeria sold N50 billion  ($251.93 million) worth of naira-denominated bonds maturing in 2020 and 2024 at an auction on Wednesday, at higher yields thanks...

N-O-T-I-C-E: Bank of England Changes £50 Bills, Return Yours To BDC Before April 30

The Bank of England will on April 30 withdraw £50 bill (with the portrait of John Houblon) from circulation, the Central Bank of Nigeria...
Afrinvest, Foreign Direct, Ease of Doing Business, World Bank

Afrinvest cautions FG on World Bank’s EoDB ranking

Afrinvest Plc has tasked FG to aim beyond improving the country’s Ease of Doing Business (EoDB) ranking, if it hopes to attract Foreign Direct Investment.

Official: SEC Approved List Of 32 Stocks That You Can Buy With Margin Loans

  By the way this list excludes Banks. I hope to review modalities for this loans once I get details. However, I do not like...

Road to Redemption in African Banking

Robert Diamond has had some grand ideas in his time, and this may be his grandest yet. Diamond -- for some, a poster boy for...
Nigeria Weekly Update: Naira interest rate adjustment

Nigeria Weekly Update: Focus on P&ID’s threat to the Nigerian economy

Welcome to the Nigeria weekly update on treasury bills, bonds, crude prices, equities, and other macroeconomic indicators...
Nigeria Oil revenue, CBN, Crude Oil, Nigeria's crude oil sale in Q3 2018

Nigeria records the highest crude oil sale in Q3 2018

Nigeria has recorded an increase in the exportation of crude oil from January to September 2018, which is worth about N11.49 trillion.

DEVALUATION 2.0: Naira Drops To Lowest EVER at The Interbank, Ahead of MPC Communique

It was another record low for the Naira today after it fell by 3.6% to N191 191.85 naira against the dollar as the market...

Nigeria Cocoa Output Seen Below Target as Dry Weather Bites Hard

Early pods for Nigeria’s main cocoa crop were scorched by dry weather in the country’s southwest, the leading producing region,...

Nigerians And Greeks Tag Along on Coastal Trade, Ship Building

 Ship owners in Nigeria have reiterated their preparedness to partner their Greek counterparts on coastal trade and ship building in...

Official: Foreign Investors brought in $12.2 billion investments into Nigeria in 2017

The Nigerian Bureau of Statistics has released the full year (Q4) 2017 Nigerian Capital Importation Report. The total capital imported in the fourth quarter of...
Problems with Nigeria's banking sector

Senate kicks against new capital base for microfinance banks

The Senate committee in charge of the Nigerian financial sector said it is concerned that the move could be counterproductive. 

IMF and the Naira Valuation: Hidden Intentions or Naive Estimation

Nairametrics| Last week, the International Monetary Fund (IMF) released its Article IV report on Nigeria, which essentially is the international agency’s review of key...

This Is What First Bank MD Had To Say About Increasing Public Sector CRR...

The Group Managing Director, First Bank of Nigeria, Mr. Bisi Onasanya, on Monday said the proposed increase in Cash Reserve Ratio on public sector...

NNPC Releases Monthly Performance Report For August

The Nigeria National Petroleum Corporation (NNPC) released its Monthly Oil & Gas Report for August 2015 in Infographics. The report covered different segments ranging from Crude...

Balami Hassan explains how US/China trade war could affect Nigeria.

A member of the CBN's Monetary Policy Committee (MPC), Balami Dahiru Hassan, has weighed in on the possible effect of the China/USA trade war...

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shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme

List of successful applicants for TEF 2019 announced

See the complete list of the shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme.
Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc today announced the appointment of Mrs. Oyeyimika Adeboye as Managing Director, effective 1st April 2019. Mrs. Adeboye takes over from Mr. Amir...
Businesses in Nigeria | Make money from a single product

How to make $1bn from a single product in Nigeria

Nigerian businesses owned by foreign nationals have thrived. Here's a look at how they did it.