CBN explains operation of domiciliary accounts in Nigeria

The Central Bank of Nigeria (CBN) has addressed and clarified the prohibition of foreign currency cash deposits by Deposit Money…

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CSL Stockbrokers appointed new stockbroker to FG

CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal Government of…

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IMF cuts Nigeria’s economic growth forecast to 2% from 2.5 percent

The International Monetary Fund (IMF) has announced a downward review of its 2020 growth forecast for Nigeria to 2 percent…

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NBS Report: Nigeria’s inflation goes up to 12.13%

The National Bureau of Statistics (NBS) has said the country’s Consumer Price Index (CPI) also known as inflation increased to…

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CBN to issue single-digit loan to rice farmers in Niger Delta

The Central Bank of Nigeria said it would offer single-digit loan to rice farmers in the Niger Delta area and…

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CBN adopts new method to handle bad naira notes

The Central Bank of Nigeria (CBN) has said it won’t be burning damaged naira notes anymore as it is adopting…

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For the 9th year, Dangote remains richest person in Africa — Forbes

The President of Dangote Group, Aliko Dangote, has again for the ninth time topped the list of Forbes Africa’s Billionaires…

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Forte Oil Plc announces change of name

Formerly owned by businessman, Femi Otedola, Forte Oil has now changed its name to Ardova Plc. Oladehinde Nelson-cole, the company’s…

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