Business

Access Bank Plc could raise up to $457 million or about N165.6 billion in new debt and equities capital to support ongoing business combination with Diamond Bank Plc. Access Bank …

Nigeria earned over $35m from the export of hibiscus flower (otherwise known in local  parlance as zobo) last year, the Chief Trade Promotion Officer of Nigerian Export Promotion Council, Aminu …

Nigeria  yesterday signed a $1billion Memorandum of Understanding (MoU) with the Africa Export-Import Bank (Afreximbank) to promote  trade. The trade facilitation instrument will be managed  by the Nigeria-Africa Trade and …

A Nigerian judge adjourned on Wednesday a hearing over an $8.1 billion dispute between South African telecoms giant MTN and the central bank until Jan. 22. The dispute is over …

EFCC and CBN will sanction banks, their customers and businesses that abuse the Central Bank of Nigeria’s (CBN’s) policy restricting foreign exchange (forex) allocation to 41 items. Culprits are to …

The Central Bank of Nigeria (CBN) and the Bankers’ Committee have agreed to set up a committee headed by  Chief Executive Officers (CEOs) of commercial banks to create a strategy …

Commercial banks are not lending over N60 billion five per cent contribution from their annual profits to the Small and Medium Enterprises (SMEs), Central Bank of Nigeria (CBN) Governor, Godwin …

The Central Bank of Nigeria (CBN) has been charged to investigate and respond to claims that the seven billion dollars ($7b) bailout fund to commercial banks in October 2006, is …

Saudi Arabia’s Oil Minister Khalid al-Falih Iran appeared on Friday to be the main obstacle for an OPEC deal to cut oil production as the group’s leader Saudi Arabia had …

The Organisation of Petroleum Exporting Countries (OPEC) has ended talks in Vienna without a deal on oil production cuts. The size of Russia’s contribution remained a sticking point before further …