archiveApril 2017

...Upbeat on economy One of Africa's leading entrepreneur and philanthropist, Mr Tony Elumelu, remain confident that the country's economic environment would improve in no distant time. " The Central Bank of Nigeria (CBN) has brought predictability to the forex market and investors are excited by the reforms, he told CNN's...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.02 per cent, while the year-to-date return stood at -4.15 per cent. The All-Share Index closed at 25,758.51 against the previous close of 25,753.00 while Market Capitalization closed at ₦8.913 trillion against previous close of ₦8.911...

Contrary to messages being circulated by those it described as "mischievous characters", the Joint Admissions and Matriculations Board (JAMB), has said that the mock examination for the 2017 Unified Tertiary Matriculations Examinations UTME) scheduled for tomorrow (Saturday) would still take place and was "not postponed." A short statement issued on...

US growth slid to its lowest level in three years in the first quarter, a disappointing start to Donald Trump's presidency on the eve of his first 100 days in office. GDP increased only 0.7 percent in the first three months of the year as consumer spending and government expenditures...

Nigeria's foreign exchange reserves rose to $30.80 billion by April 26, their highest level since Sept. 2015, Central Bank of Nigeria (CBN) data showed on Friday. The increase in the foreign exchange reserves of Africa's top crude exporter could be attributed to a recent rise in global crude oil price...

The Nigerian arm of Abu Dhabi telecom group Etisalat is meeting lenders in London on Friday for talks on restructuring a $1.2 billion debt, Access Bank CEO Herbert Wigwe said. Etisalat Nigeria is the biggest foreign-owned victim of the dollar shortages plaguing Nigeria's financial system. It signed the $1.2 billion...

First Bank plans to have 30 million customers by 2020, 17 million more than now, with digital banking helping it to reach that goal, its chief executive said on Friday. Adesola Adeduntan said 47 percent of transactions were being carried out electronically by the end of March and the lender...

The Pan African financial institution, United Bank for Africa (UBA) has released its unaudited first quarter results, showing significant growth across major income lines. Following a sterling performance in 2016 financial year, UBA Group delivered another impressive 41 per cent year-on-year growth in profit-before-tax in the first three months of...

United States (U.S) on Friday announced additional 30 million dollars to support the people of northeast Nigeria, where years of brutality by Boko Haram and other militant groups has created a dire humanitarian crisis. The U.S. Embassy in a statement in Abuja said that the additional funding brought the total...

The Chartered Institute of Bankers of Nigeria (CIBN) and the Nigerian Bar Association (NBA) have signed a Memorandum of Understanding (MoU) on knowledge- sharing. The News Agency of Nigeria (NAN) reports that the pact was signed at the World Conference of Banking Institutes (WCBI), which ended on Friday in Lagos...