Nigeria Deposit Insurance Corporation (NDIC) has called on banks in the country to restore banking services to the North Eastern part of the country. Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim made this call while speaking at the Corporation’s maiden…
Strong indications have emerged that the leadership of the Senate and the Presidency have reached a deal on the 2017-2019 Medium Term Expenditure Framework and Fiscal Strategy Paper earlier rejected by the upper chamber of the National Assembly. A source…
Nov 11 Nigeria’s overnight lending rate rose to 22 percent on Friday from 13 percent last week due to tight liquidity worsened by banks inability to get access to their balances with the regulator, traders said. Traders said lenders were…
ABUJA-MEMBERS of the House of Representatives Wednesday resolve to probe into the operations of the internet based wonder bank, otherwise known as “MMM Nigeria Scheme” in order to save innocent Nigerians from falling prey to fraudsters in this era of…
France and China will set up a fund for joint investment in overseas projects, France’s foreign minister said on Monday, as China’s voracious appetite for overseas acquisitions continues to grow despite some recent stumbles in overseas markets. “Hinkley Point is…
The manufacturing industry requires the injection of about $1bn to galvanize activities in the sector and enable it to contribute significantly to the economy, the Manufacturers Association of Nigeria has said. The President, MAN, Dr. Frank Jacobs, who said this…
Economic and financial experts have said that the naira may not fall below 475 against the United States dollar between now and the end of December. This prediction was based on the declining dollar demand and efforts being made by…
The Nigerian National Petroleum Corporation (NNPC) said from January 2016 till date, government lost 7 billion dollars (2.1 Trillion Naira) to the activities of militancy groups and oil pipeline vandals in the Niger Delta region. The Group Managing Director of…
Nigeria spent only a little more than half its budget for 2016 through September, even though the year is three-quarters over, the budget ministry said on Friday. However, the ministry also said it had faced unanticipated revenue shortfalls but did not…
Last year, Adeola, a fashion designer in Lagos started saving up for a vehicle to make his business easier most especially with deliveries to customers in their homes and offices. At the verge of completing the savings, an emergency…