archiveMarch 5, 2018

  The Citizens Advocacy for Social and Economic Rights (CASER), a Civil Society Organisation (CSO) has called on the State Security Service (SSS) to release Mr. Tony Ezimakor, a journalist in its custody. The CSO made the call in a statement signed by the Executive Director of CASER, Mr. Frank...

A corporate bribery trial billed as the biggest in history opened on Monday against the Shell and Eni oil companies as well as former and current executives, all charged in a $1.1 billion scandal to win control of one of Nigeria's most lucrative oil blocks. The size of the two...

  Equities transactions on The Nigerian Stock Exchange (NSE) started the week on a positive note, with the All-Share Index (ASI) increasing by 1.49 per cent to 43,513.93 points, as investors continued to take position ahead of corporate earnings releases. Accordingly, the Month-to-Date and Year-to-Date returns improved to 0.42 per...

United Bank for Africa (UBA) Plc, a pan-African banking group and China Development Bank (CDB), the world’s largest development finance institution have signed a letter of intent for $100 million seven-year to finance the development of Small and Medium Enterprises (SMEs) in Africa. The $100 million loan will enhance UBA’s...

Liberian President, Mr George Weah, has called on the Federal Government to provide 6,000 teachers to his country as part of the technical assistance agreement between the two countries. Speaking, Monday, after a closed-door meeting with President Muhammadu Buhari at State House, in Abuja, President Weah said his government inherited...

The Federal Government of Nigeria Savings Bond offer for March’2018 opens today (Monday) the 5th of March’2018 and will remain open for five days till the 9th of  March, 2018. Subsequently, the Debt Management Office (DMO) has announced that the bonds will be offered at the following rates: 2-Year FGN...

As part of its retail banking strategy, Unity Bank recently rolled out its agent banking services in the North Western states of Kano and Jigawa as a vehicle to reach out to the unbanked and deepen financial inclusion. In line with Central Bank of Nigeria’s financial inclusion mandate, Unity Bank...

  The Financial Stability Report (FSR) released by the Central Bank of Nigeria (CBN) showed that commercial banks in the country contributed ₦190.89 billion to the Banking Sector Resolution Cost Trust Fund (BSRCTF) Sinking Fund from January to June 30, 2017. The sinking fund mandates commercial banks to contribute five...

  FSDH Research expects the inflation rate (year-on-year) to drop to 14.31 per cent in February 2018 from 15.13 per cent recorded in the month of January 2018. The expected decrease in the inflation rate is largely attributable to the base effect of previous year. FSDH Research notes that there...