archiveApril 27, 2017

President Muhammadu Buhari has asked lawmakers to approve a plan for the government to borrow $7 billion through 2018 from abroad to develop railroads and support an economic recovery. The Export-Import Bank of China approved $6 billion of loans for railroad projects, including $3.5 billion to build a line connecting...

Ghana is like second home to Nigerians, just like Nigeria is same to Ghanaians. Both countries and its citizens share some common affinities. If you’re planning to travel from Nigeria to Ghana or you haven’t decided which African country to visit, you should try shooting your best shot at Ghana....

...says it's written 4 petitions against Oloyede The Nigerian Patriotic Advocates, has condemned the demand by Academic Staff Union of Universities (ASUU) for the resignation of the Registrar and Chief Executive of the Joint Admissions and Matriculations Board, Prof. Is-haq Oloyede. According to the organisation, the conduct of ASUU was...

Guaranty Trust Bank (GTBank) plc has released its unaudited financial results for the quarter ended March 31, 2017 to the Nigerian Stock Exchange. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions...

The latest round of results announced by Nigerian banks highlights capital weakness in the sector, with some mid-sized and small banks particularly vulnerable to deteriorating asset quality, Fitch Ratings says. According to Fitch Ratings, headline capital adequacy ratios (CARs) are under severe pressure from inflated foreign-currency risk-weighted assets following last...