HEADLINES
BREAKING: Saraki to face 2 more criminal charges at CCT
The Code of Conduct Tribunal (CCT) has allowed two additional criminal charges against Senate President Bukola Saraki. In one of the amended charges filed against […]
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BANKING
First Bank sees no need to raise equity after loan losses
Nigeria’s biggest banking group FBN Holdings has no need to tap equity markets after an unexpected 119 billion naira ($600 million) loan loss provision last […]
BANKING
Diamond Bank declares N217bn gross earnings in 2015, profit dips
Diamond Bank has declared gross earnings of N217.09 billion for the financial year ended Dec. 31, 2015 against N208.40 billion achieved in 2014. The News […]
HEADLINES
Naira down to 320.5 against the dollar
The naira has depreciated slightly, exchanging at N320.5 to the dollar at the parallel market. According to NAN, the naira lost 50 kobo on Wednesday […]
BANKING
Banks threaten to stop using their platforms for TSA
Nigeria’s Treasury Single Account (TSA) regime formulated by the Federal Government to shield its resources from pilfering may experience a flop, following hints that lenders […]
HEADLINES
Mitsubishi Motors says domestic orders halved since mileage cheating scandal
Mitsubishi Motors Corp said that domestic orders have halved since it revealed it cheated on mileage tests, intensifying concerns over whether it can survive considering […]
HEADLINES
Fuel Scarcity: Changing the strategy of fuel supply
Despite the promises of the Minister of state for petroleum, Ibe Kachikwu and efforts by the Nigerian National Petroleum Corporation, NNPC, to make available fuel […]
HEADLINES
U.S. Treasury anti-laundering head to join HSBC: sources
The U.S. Treasury Department’s top anti-money laundering official is resigning to take what sources said on Tuesday was a top post at HSBC Holdings […]
BANKING
FCMB builds valuable franchise in SME financing, retail banking space
First City Monument Bank (FCMB) Limited has continued to build a valuable franchise in the retail space and its giant strides are also being felt […]
HEADLINES
Obama shows support for his closest allies In European tour
President Barack Obama spent the past four days in Europe visiting his two oldest and closest foreign political allies, spending considerable political capital on issues […]