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Reps to investigate CBN, banks, others over stamp duties non-remittance Reps to investigate CBN, banks, others over stamp duties non-remittance

The House of Representatives is to constitute an ad hoc investigative panel over the non-remittance of stamp duty by the Central Bank o...

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Microsoft surges toward trillion-dollar value as profits rise Microsoft surges toward trillion-dollar value as profits rise

Microsoft said profits climbed in the past quarter on its cloud and business services as the US technology giant saw its market value cl...

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World Bank loan portfolio in Nigeria now $8.67 Billion World Bank loan portfolio in Nigeria now $8.67 Billion

World Bank loan portfolio in Nigeria now stands at $8.67bn, an investigation has shown. Loans from the International Development Assoc...

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GTBank won’t issue bonus shares to shareholders – Agbaje explains GTBank won’t issue bonus shares to shareholders – Agbaje explains

Group Managing Director of Guaranty Trust Bank (GTBank) Plc, Mr Segun Agbaje, has hinted that the company has no intention to declare ...

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Nigeria ready for business, Emefiele tells investors Nigeria ready for business, Emefiele tells investors

The Central Bank of Nigeria (CBN) has assured investors and the international community that the country having gone through a success...

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Jumia becomes first African start-up to list on New York Stock Exchange Jumia becomes first African start-up to list on New York Stock Exchange

Jumia Technologies, a pan-African technology company, has listed on the New York Stock Exchange (NYSE), becoming the first-ever technolo...

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Oil price rises to $71 a barrel Oil price rises to $71 a barrel

Oil hit a five-month high above 71 dollars a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply...

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Fidelity Bank proposes payment of N3.2bn dividend to shareholders Fidelity Bank proposes payment of N3.2bn dividend to shareholders

Fidelity Bank Plc is proposing a N3.2 billion dividend payout to shareholders. The payout followed the bank’s strong financial result for...

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No cause for alarm over issues with Innonson Motors - GT Bank No cause for alarm over issues with Innonson Motors - GT Bank

Guaranty Trust Bank (GTB) says it is taking all necessary legal steps to ensure that no illegal or fraudulent execution is carried out ov...

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Nigerians spend N767.23 Billion on airtime in three months Nigerians spend N767.23 Billion on airtime in three months

Subscribers to mobile telecommunications services in Nigeria spent about N767.23 Billion on airtime purchase from November 2018 to Januar...

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CBN cuts lending rate from 14% to 13.5% to fast track growth CBN cuts lending rate from 14% to 13.5% to fast track growth

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has cut down the benchmark lending rate from 14 per cent to 13....

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CBN reduces monetary policy rate to 13.5% CBN reduces monetary policy rate to 13.5%

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 14 per cent to 13.5 per cen...

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GTBank dominates CBN E-Payments awards, wins 8 out of 12 banking honours GTBank dominates CBN E-Payments awards, wins 8 out of 12 banking honours

Mr Segun Agbaje, the Managing Director of Guaranty Trust Bank, says the bank will continue to provide customers with superior banking ex...

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Treasury Single Account [TSA] pricing regime: 8 things you need to know Treasury Single Account [TSA] pricing regime: 8 things you need to know

With the general elections now over, it seems a good time to reflect on one of the major success stories of the current government which a...

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Naira weakens marginally against dollar at parallel market Naira weakens marginally against dollar at parallel market

The Naira on Wednesday lost marginally to the dollar at the parallel market in Lagos exchanging at N358.2 to the dollar, weaker than N35...

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Oil prices rise as OPEC cuts supply Oil prices rise as OPEC cuts supply

Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC. U.S. sanctions against oil produce...

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Dollar near two-week low as yen strengthens Dollar near two-week low as yen strengthens

The dollar was on the defensive on Tuesday, weighed by growing expectations the Federal Reserve would adopt a more accommodative policy ...

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Zenith Bank declares N2.50 dividends Zenith Bank declares N2.50 dividends

Shareholders of Zenith Bank have approved the proposal of the board to pay a final dividend of N2.50k per share as dividends for the 201...

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Money market rate to trade low this week Money market rate to trade low this week

Money market rates are expected to trade slightly lower following system liquidity boost, dealers have said. Dealers said this wil...

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UBA Earnings Hits N494bn, Records Significant Asset Growth, Driven by Market Share Gains Across Africa UBA Earnings Hits N494bn, Records Significant Asset Growth, Driven by Market Share Gains Across Africa

The Pan-African financial institution, United Bank for Africa Plc has announced its Audited 2018 Financial Results with impressive growt...

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