The inflation rate for the month of April stood at 9.1 percent. …
NDIC offers bailout to troubled micro-finance banks
The bailout comes in the form of financial assistance with minimum interest rate. …
Update: Okonjo-Iweala uses sponge cakes to educate Nigerians on GDP
Ministers says economy is strong and stable. …
BOI managed funds hits N1.6trn
Evelyn Oputu, Managing Director of the Bank of Industry, says the government and international development partners are confident in the
Nigeria approves N750bn for recapitalisation of Bank of Industry
A UN chief warned that exporting crude and unprocessed products was detrimental to Nigerian economy. The Federal Government has given
Jonathan, ministers may approve fresh N47bn loan Wednesday
Finance Minister, Ngozi Okonjo-Iweala The minister of finance is seeking approval for a loan. …
Sanusi bags Africa Central Bank governor of the year award
CBN Governor, Sanusi Lamido Sanusi Sanusi was commended for sustaining banking reforms in Nigeria. …
AMCON’s move to refinance bonds calms fears of inflation, financial instability in Nigeria
The Company plans to redeem and refinance its maturing obligations at the end of 2013 through 2014. …
Nigeria Central Bank sells N277.9bn worth of treasury bills
Five categories of treasury bills were sold at the last biweekly auctions. …
N25.7bn theft: Court adjourns ex-Bank PHB boss, Atuche, wife’s criminal charges
The couple are accused of defrauding their bank. …
Union bank ordered to refund N34m fraudulent deduction from customer’s account
The bank will also pay N3m fine. …
Nigeria Sovereign Wealth Authority unfolds initial $525 million investment
The NSIA stated this on Monday in Abuja. …
Nigeria’s current account faces huge risk as oil GDP drops
Central Bank Governor, Lamido Sanusi Nigeria’s oil Gross Domestic Product (GDP) contracted by 13 per cent in the first quarter
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