archiveJanuary 6, 2017

  Lender plans to tap local bond market to boost liquidity Access Bank Plc is predicting that the level of troubled loans in Nigeria will continue to climb before an economic recovery in the second half of the year brings relief to the country’s lenders. “Across the entire industry you’ll...

The Nigerian external reserves have grown to $26.094 billion according to the figures released on Thursday by the Central Bank of Nigeria (CBN). This signifying a slow but steady improvement in the country’s current account balance which started looking up in the past two months. The rice is in connection...

Samsung Electronics said it expects profits to soar by nearly 50 percent in the December quarter, as strong memory chip prices push earnings to their highest point in three years despite a smartphone recall fiasco. The world's largest memory chip and smartphone maker estimated its operating profit in the October-December...

US spy chiefs insisted they have strong evidence that Russia mounted an unprecedented bid to disrupt the American election, standing firm in the face of Donald Trump's refusal to accept their conclusions. According to AFP report,  one day before the heads of four top intelligence bodies brief the president-elect on...

With the rapid decline in Nigeria economy growth which ushered the country in to the worst recession in 2016, many experts in the field of the economy have predicted that 2017 will be tougher than 2016. Niyi Olaoye, therefore, writes on the critical issues that shaped Nigerian economy in 2016...

Organisations of Petroleum Exporting Countries’ (OPEC) crude production fell by 310,000 barrels a day in December, as unplanned disruptions in Nigeria reduced the group’s supply before deliberate cuts take effect this month. Nigeria’s daily output dropped by 200,000 barrels to 1.45 million in December, ending three months of gains as...