The Central Bank of Nigeria (CBN) has introduced a new special intervention fund for Microfinance banks (MFB) in Nigeria, seeking to increase the share of microcredit ratio to at least 20 percent by 2020.
In what appears to be a twist of fate, Innoson Nigeria Limited, an indigenous vehicle production company, has instituted a move to take over Guaranteed Trust Bank, (GTB), following a ruling by the Supreme Court over the bank’s N8.7 billion indebtedness to the company.
The social media space on Wednesday was aglow as Nigeria's first female Central Bank of Nigeria Director of Currency Operations; Mrs. Priscilla Ekwere Eleje made history to have her signature on the 1000 Naira note.
In the wake of increasing foreign portfolio investments (FPIs) and stability in crude oil price, the nations external reserve has risen to a five-month high of $43.507 billion as at Thursday, 21st March 2019.
Federal Airports Authority of Nigeria, FAAN, on Friday appealed to airlines whose aircraft are parked at the Murtala Muhammed International Airport, MMIA, Lagos Apron and are not deploying them immediately for flight operations, to relocate them to any other less busy airport outside Lagos
Owner of Globalcom, the third-largest mobile phone network provider, Conoil oil CEO, Mike Adenuga has been named Africa's second richest man, with a net worth of $9.2 billion only being topped by another Nigerian Aliko Dangote with $10.3 billion.
The Royal Dutch Shell revealed in its annual report that, it has paid the Nigerian government $6,397,325.844 as oil production entitlement, taxes, royalties and fees arising from the company’s activities involving oil and gas exploration, development and extraction in the year 2018.