OFFICIAL: CBN Launches Service That Allows You To Transfer Dollars To Relatives & Dependents...

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, as part of the key initiative of the Bank will on Friday, August 15,...

Policy Flipflop: CBN Reintroduces Charges on Cash Withdrawals on ‘Other Banks’ ATMs

Summary 1. You pay N65 for cash withdrawals on another banks ATM 2. The new rule starts September 1st 3. The re-introduction of the fee was to...

PZ Cussons Nigeria Plc Announces 61kobo Dividend

PZ Cussons Nigeria Plc has announced the following proposed dividend payments; Proposed Final Dividend 61K Closure Date 22 -26 September, 2014 Date of Payment 13 October 2014 AGM...

Scathing Opinion: The Treasury Bill Scam Continues to Flourish

In the wake of the 2008 banking crises, the Central Bank created over N4000bn fresh Naira supply, inspite of the attendant inflationary threat, to...

Dangote Cement Appoints Experienced Miner To It’s Board

In a move that suggest the Blue Chip company is looking to expand strategically into mining operations, Dangote Cement Plc notified The Nigerian Stock...

Here Is What Forte Oil Group’s CEO & CFO Had To Say About Their...

Forte Oil Plc released impressive 2014 H1 results today as pre-tax profits rose 152% to N4.1billion. I am yet to review the results as...

Official: Stanbic IBTC Will Raise “Up To N30billion” In Tier II Capital

Stanbic IBTC, the Nigerian unit of South Africa's Standard Bank, plans to raise up to 30 billion naira in Tier II capital, a presentation...

Official: CBN limits banks’ Tier 2 Capital to 33%

The Central Bank of Nigeria (CBN) has pegged Tier-2 or supplementary capital for banks at 33.3 per cent of Tier-1 Capital. The CBN in a...

Stocks Round UP: Courteville Post Best Return For The Week So Far

Eterna Oil Plc closed 8.31% higher to N4.17 to top the gainers chart. Courteville gained 7.55% to close and 57kobo and posting the best...

Conoil Board Recommends N4 dividend

The Board of Conoil Plc has passed a resolution recommending that payment of 400 Kobo per share as dividend for the year ended December...

A Unit of Shell Just Helped The Naira Hit a 3 Months High Against...

Nigeria's naira strengthened against the dollar on the interbank market on Monday, reaching its strongest in almost three months, as a unit of Royal...

Here Is What The GMD of Dangote Sugar Had To Say About The 2014...

Dangote Sugar Plc released its 2014 half year results showing a10% drop in revenues and a 5.5% drop in pre-tax profits. It is always...

Official: Lafarge Wapco Changes Its Name to Lafarge Africa Plc

Lafarge Cement WAPCO Nigeria Plc notified The Nigerian Stock Exchange that with effective July 9, 2014, the Company’s name was changed from Lafarge Cement...

5 Year Blue Print: Sovereign Trust Plans N1.1billion Rights Issue

Sovereign Trust Insurance Plc notified The Nigerian Stock Exchange of their intention to raise N1.1 billion through a Rights Issue. The Company explained that the...

Here Is What Happened To Ugandan Currency After The Court Struck Out Homosexuality Law

The Ugandan shilling gained on Friday against the dollar after the country's constitutional court struck down an anti-homosexuality law that punishes gay sex with...

Official: Sarah Alade Named African Finance Corporation Chairman, Elumelu & Aig-Imoukhuede Also On The...

The Board of the Africa Finance Corporation (AFC) elected yesterday Dr. Sarah Alade as chairman of the Board of Directors. The lender also named Lamido...

Official: MTN Group Appoints Founder As New Group COO

  Reuters reports Africa's biggest telecommunications operator MTN Group said on Thursday it had appointed Zunaid Bulbulia as its new group chief operating officer, adding...

2014 H1: Stanbic IBTC Proposes N1.10 Interim Dividend…See Details

STANBIC IBTC HOLDINGS PLC has proposed an interim dividend of N1.10. See details below; Proposed Dividend N1.10 Kobo, Proposed Bonus Nil, Closure Date 5th August, 2014, AGM Date...

Fraud? Afren Oil Suspends CEO & COO

London-listed oil explorer Afren Plc said its board had temporarily suspended Chief Executive Osman Shahenshah and Chief Operating Officer Shahid Ullah pending an investigation...

This How Much The Economy Is Owing Nigerian Banks

Deposit Money Banks’ otherwise know as commercial banks have in their combined balance sheets total loans and advances to the domestic economy  a total...

Official: Diamond Bank Opens N50.37bn Rights Issue

Diamond Bank says it has concluded arrangements to raise N50.37bn through a rights issue. The bank said the development followed the approval it received from...

FINALLY: Oando Concludes $1.5billion Acquisition of COP Deal, Share Price Gains 10%.

Oando Energy Resources Inc  today announced the completion of its acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips (NYSE: COP) for...

BIG DEAL: GSK Seeks Approval For Worlds First Malaria Vaccine

  GlaxoSmithKline said on Thursday it is applying for regulatory approval for the world's first vaccine against malaria, designed for children in Africa. The British...

How Nice! Presco Chairman Blames Poor 2013 Results On IFRS

Presco profits was down 64% in 2013 due to revenue drops, write offs and interest cost. In fact IFRS was basically to blame. Here...

Nigerian Foreign Reserves Is Up By 3.8% To $38.5billion

Nigeria's foreign exchange reserves climbed to $38.49 billion on July 18, a 3.8 percent increase on a month ago, when they were $37.09 billion,...

Official: Zenith Bank Confirms Jim Ovia as New Chairman – NSE

It appears the news early last week that Jim Ovia will be confirmed as Chairman of Zenith Bank has now been confirmed. This was...

S.Africa’s Woolworths Is About To Be Taken Over In a $2.2billion Deal

You remember Woolworths? The South African fashion store that was once trading on Adeola Odeku VI? The company is about to be bought by...

CBN Is Selling T-bills on July 23, Are You Buying?

Reuters reports the Central Bank is planning to raise N134b in treasury bills next week. Last week's sale saw yields drop to as low...

Official: Oando Acquires Medal Oil Giving It 100% Ownership of OML 131

Oando today released this statement; Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company”) (TSX: OER), a company focused on oil and gas exploration...

Our Love For Bread, Cereals, Meat Push Nigerian Inflation Rate 10 Months High….Now 8.2%

Nigeria's consumer inflation rose for the fourth straight month in June to hit 8.2%, a 10-month high, driven by higher food prices, the statistics...

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Murtala Muhammed International Airport

FG concludes plan to demolish Lagos Airport, reconstruct with N14bn

The Federal Government of Nigeria (FG) has revealed that plans have been perfected to demolish the Murtala Muhammed International Airport, Lagos, in order to reconstruct it.
MTN Nigeria has signed a N200 billion loan deal that effectively shuts out any imminent public offer

Billionaires club: The current owners of MTN who need to sell for you to...

If you are one of those very active social media enthusiasts on WhatsApp, Twitter or Facebook, then you must have come across the image...
Central Bank of Nigeria

How to get the Central Bank of Nigeria to credit your account

Doesn’t it feel good to be a lender of money? Yes, it does, especially if you know the borrower is creditworthy and would repay you with interest as at when due. The Central Bank of Nigeria could always borrow money from you and repay you when the time is due.