Business

The National Association of Micro Finance Banks on Monday said that nine out of the 34 microfinance banks in Niger have lost their operational banking licences. Mr Sado Daniel, North …

Ryanair said on Monday it hopes to conclude its remaining labour issues by Christmas, signalling a possible end to damaging flight disruptions which have dragged on its shares. The Irish …

Many commercial banks will restrict lending plans ahead of the 2019 general elections, the Managing Director, Afrinvest West Africa Limited, an investment and research firm, Ike Chioke, said yesterday. Speaking …

Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close 142 more stores, throwing into doubt the future of the century-old retailer that once dominated …

A stable exchange rate to avoid depreciation of the naira is Nigeria’s target now, Central Bank of Nigeria (CBN) Governor Godwin Emefiele said yesterday. He said as good as building …

The Central Bank of Nigeria (CBN) may reduce the $8.1billion it ordered MTN Nigeria to repatriate as part of an ongoing disagreement, its governor Godwin Emefiele said yesterday. The MTN …

About N11.50 billion has been paid to financial institutions, the Managing Director and Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has revealed. The payment, he said, were made …

Brent crude oil prices hit their highest level since November 2014 on Monday ahead of U.S. sanctions against Iran that kick in next month. Brent sweet crude oil futures rose …

Nigeria risks a relapse into recession, the Central Bank of Nigeria (CBN) said yesterday. CBN Governor Godwin Emefiele told reporters at the end of the Monetary Policy Committee (MPC) meeting …

Global Benchmark Brent crude jumped more than three percent on Monday to a four-year high above $80 a barrel after Saudi Arabia and Russia ruled out any immediate increase in …