First Bank Nigeria Sees Faster Growth Buoying More Lending

First Bank Nigeria

Nigeria’s biggest bank by revenue expects lending to accelerate and bad debts to drop this year as growth in Africa’s largest economy picks up. “The current macro environment is supportive of loan growth,” Adesola Adeduntan, the chief executive officer of FBN Holdings Plc’s First Bank of Nigeria, said in an interview in Lagos on Wednesday. More...

by metro | Published 1 day ago
By metro On Friday, February 23rd, 2018
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Nigeria Slips 12% Downward in CPI Of Transparency International Index

Contrary to claims by the federal government of significant gains in its anti-graft policy, new statistics by the Corruption Perception Index(CPI) 2017 has listed Nigeria as slipping downward in the international More...

Kemi Adeosun
By metro On Friday, February 23rd, 2018
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FG, States, LGAs share N635.5bn for January From Federation Account

The Federation Accounts  Allocation Committee, FAAC, has distributed the sum of N635.554bn to the three tiers of government as allocation for January 2018. The Meeting which was presided over by the Accountant More...

Debt Management Office
By metro On Thursday, February 22nd, 2018
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Nigeria bond auction raises 80b naira, less than amount on offer

Nigeria raised 79.62 billion naira ($260.20 million) at an auction of government bonds on Wednesday, less than it originally planned, after it got fewer subscriptions for the most liquid five-year debt, traders More...

Kemi Adeosun
By metro On Wednesday, February 21st, 2018
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FAAC allocation increased by 25% in 2017 – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday in Abuja said the Federation Account Allocation Committee (FAAC) disbursements increased by 25 per cent in 2017. NEITI Director Communications More...

oil
By metro On Wednesday, February 21st, 2018
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Petrol scarcity to linger over N650b debt

Respite will not come the way of motorists soon as Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) warms up for a strike that will compound the present petrol crisis. The Association has More...

Emefiele
By metro On Tuesday, February 20th, 2018
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CBN raises forex market with $210 million

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market. In its quest to meet customers’ needs in the various More...

Kemi Adeosun
By metro On Monday, February 19th, 2018
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Adeosun Woos Global Bodies in the Fight Against Foreign Corrupt Practices

The Minister of Finance, Mrs Kemi Adeosun, has urged global bodies like the World Bank to help curb foreign corrupt practices by multinational corporations in Nigeria and other developing countries. The Special More...

Ibe Kachikwu
By metro On Monday, February 19th, 2018
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FG to announce refinery investors in coming month -Ibe Kachikwu

FG plans to announce the private investors in refineries in the coming month, its junior oil minister said on Monday. Emmanuel Ibe Kachikwu said he wants Nigeria to have a floating production storage and offloading More...

By metro On Sunday, February 18th, 2018
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Obasanjo performs groundbreaking ceremony for modular refinery

Commends Buhari, Dickson  Former President Olusegun Obasanjo, yesterday in Bayelsa State, performed the groundbreaking ceremony for the construction of the first private modular refinery in the Niger Delta region. Azikel More...