‘Bank loans to oil and gas sector not at risk’
Financial experts have allayed fears that bank loans to oil marketers may be at risk because of the global oil price slump.
The experts, who...
CBN announces naira devaluation
The Central Bank of Nigeria (CBN) on Tuesday in Abuja announced devaluation of naira by N13 as part of measures the bank said were...
First Bank bow labour demands, releases N1.8BN
The Amalgamated Union of Public Corporations, Civil Service, Technical and Recreational Service Employees (AUPCTRE) says their picketing of First Bank Headquarters in Lagos had...
Prospects, dangers of alliance between insurance, telecom firms
Insurance firms are leveraging on coverage provided by telecommunication outfits to sell products to a vast portion of the uninsured in Nigeria, to deepen...
Naira flat on oil firms’ dollar sales
Supported by dollar sales by Shell and the Eni, the naira closed flat at N161.85 against the dollar on the interbank market on Wednesday,...
Regulatory headwind sweeps banks off profit target
A headwind stoked by regulation and a lack of innovative, customer-friendly products plus dwindling yield in fixed income instruments combined to cast a grim...
CBN dragging Nigeria’s economy backwards, says Henry Boyo
By Ishaya Ibrahim
On May 21, Nigeria’s Central Bank retained the country’s benchmark interest rate...
CIS wants investors to take advantage of low equity prices
Equity investors who buy shares at their current bottom-out prices may reap a bumper harvest from capital appreciation as market fundamentals remain strong.
The point...
Insurance sector worst hit by GDP rebase
• NAICOM vows to improve status
The contribution of the insurance industry to Nigeria’s Gross Domestic Product (GDP) has been weakened by rebasing the GDP...
Take advantage of Lagos Micro credit fund, Auldon CEO urges entrepreneurs
Chief Executive Officer of Auldon Limited, Paul Orajiaka, has called on entrepreneurs and artisans especially those trained by the Lagos State government to take...
