GTBank Makes N31 Billion Profit in Three Months
Guaranty Trust Bank (GTBank) Plc has announced it made a profit before tax of N30.6 billion in the first three months of 2016 covering...
Tougher Times Await FG, Businesses as Cost of Borrowing Rises
The Federal Government (FG) has begun paying higher interested rates to borrow from the Nigerian financial markets as borrowing costs rise. This also means...
Ntel Calls for Flexibility in Access to Forex for Telcos
Ntel has called on the federal government to adopt a more flexible exchange rate regime to facilitate access to forex for telcos.
Kamar Abass, Managing...
Fidelity Bank MD Arrest: Transactions Duly Reported says Management
Fidelity Bank has said in a statement that the transactions for which is managing director, Nnamdi Okonkwo, was arrested were duly reported.
The bank management...
Investors Show Confidence in Fidelity Bank Despite EFCC Allegations
Investors have shown in today’s (28 April, 2016) trading on the Nigerian Stock Exchange (NSE) that they are unshaken by the allegations made by...
Equity Investments Still Dominate Foreign Investment Inflow
Shares of Nigerian companies still remain the preferred investment choice of foreign investors investing in Nigeria; data released by the National Bureau of Statistics...
This Is Why Nigeria’s Foreign Investment Has Dropped to 9-year Low
Foreign investors are increasingly getting less interested in bring money to invest in Nigeria, the latest figures released by the National Bureau of Statistics...
Airlines Have $700 Million Trapped at the CBN
International airlines have resorted to selling their tickets in dollars because of their inability to access up to $700 million (N1.4 billion) of ticket...
1,000 New African Entrepreneurs Join $100m Tony Elumelu Entrepreneurship Programme
The Tony Elumelu Foundation (TEF) announces the selection of 1,000 entrepreneurs for the 2nd round of the Tony Elumelu Entrepreneurship Programme (TEEP).
Launched in 2015,...
FG Plans To Save N4 billion On N83 Billion Annual Travel Expense By Officials
The Federal Government plans to save four billion naira (N4 billion) yearly from an estimated N82 billion spent in travel by civil servants and...
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