Business News
Business and economic news from Nigeria and around the world.
Official: Skye Bank Secures $150m Tier-2 Capital
As part of efforts to expand its operations, Skye Bank Plc Thursday disclosed that it has raised about $150 million...
Read moreDetailsWorth Noting: This Mutual Fund Will Target A Minimum of 12%pa Irrespective of Exit and Entry
SFS Capital Nigeria Limited (A member of the Skye Financial Services Group) has recently launched an investment product called SFS...
Read moreDetailsSANUSI Vs FG: Judge Transfers Sanusi’s Case To National Industrial Court For Lack Of Jurisdiction
Justice Gabriel Kolawole of the Federal High Court, Abuja held yesterday that his court lacked the jurisdiction to hear the...
Read moreDetailsFederal High Court Rules FRC Can’t Investigate Sanusi
The Judge said the FRCN’s posturing shows that they are prejudiced. A Federal High Court in Lagos has barred the...
Read moreDetailsWhy Nigerian banks Reject Foreign ATM Cards
The Central Bank of Nigeria’s cash-less policy drive is facing threats as majority of the Automated Teller Machines in the...
Read moreDetailsA-L-E-R-T: Treasury bill Yields Just Fell To a 14-month low
The Federal Government’s domestic borrowing costs dropped to the lowest level since March 2013 as a strengthening naira eased pressure...
Read moreDetailsDollar Race? MTN Foresees Naira Devaluation in 2015
The MTN Group Limited anticipates that the naira will be devalued after next year’s election, saying that the move will...
Read moreDetailsOfficial: CBN Bans Bank Debtors With N250m in Non-Performing Loans From New Loans
The Central Bank of Nigeria has banned debtors of closed banks with non-performing loans of a maximum of N250m from...
Read moreDetailsCBN: Starting From June Bank Customers Will Have One Unique Account Nos For Single Or Multiple Bank Accounts…See How
Deposit Money Banks (DMBs) will at the end of May begin allocating uniform numbers (Bank Verification Number) that will be...
Read moreDetailsCBN Proposes Stringent New HoldCo Polciy For Banking Industry…See Details
The Central Bank of Nigeria released draft guidelines for the Regulations of Financial Holding Companies in Nigeria. The 23 page...
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