The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, yesterday called for routine disclosure of debt portfolios and borrowing activities....
In a bid to recover its delinquent and non-performing loans, the Federal Mortgage Bank of Nigeria (FMBN), yesterday set up seven specialised...
The Federal Government is offering loan facilities up to N1 billion at a nine per cent interest rate to businesses, including manufacturers,...
Nigeria’s foreign exchange reserves have fallen by $1.8bn in 10 weeks, according to data from the Central Bank of Nigeria. As of...
The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from...
The Power Generation Companies (GenCos) have stated that over N3.7trn debt owed to the companies is threatening their operations and failure to...
The Central Bank of Nigeria (CBN) has revoked the operating licence of Heritage Bank with immediate effect. CBN’s Acting Director, Corporate Communications,...
Global Economy According to the United States Department of Labor, the initial jobless claims in the US increased by 3,000 to 219,000...
The Fiscal Responsibility Commission (FRC) generated N1.7 trillion in revenue for the government in 2023 as against N1.4 trillion raised in 2022....
The federal government has secured a $500 million loan from the World Bank to fund electricity Distribution Companies (DisCos). According to the Bureau...