Investors may price Nigeria’s new Eurobond near 7%
…as oil outlook lifts sentiments A benign outlook for oil prices, days after OPEC members agree to freeze a significant...
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CBN suspends licenses of 195 BDCs
… stops 19 banks from FX sales to BDCs The Central Bank of Nigeria (CBN) said yesterday that it has...
China to fund 85% of Kano light rail project
Kano State government has appealed to the government of China to assist in actualising the Kano city light rail project...
Nigerian exporters must tap AGOA to earn FX
Nigerian exporters have been urged to tap into an opportunity offered by the African Growth and Opportunity Act (AGOA) in...
Apapa roads collapse as FG, Lagos look away
The rot that defines the state of road infrastructure in the Apapa area of Lagos, which is home to Nigeria’s...
Nigerian Banking Industry Seen in ‘Full-Blown’ Credit Crisis-Report
…Unity Bank and Skye Bank close to being insolvent, Arqaam says …Seven Nigerian banks may be under-capitalised and in...
Nigeria reaches final steps to draw $1.3bn form partners for Development Bank
Nigeria has reached final steps agreements on the release of $1.3 billion from the World Bank Group and other development...
Nigeria win WCQ game in Zambia
Nigeria's Super Eagles pulled off a superb 2-1 win in Zambia to get their 2018 Fifa World Cup qualification off...
FX scarcity, low business push berth occupancy rate down to 25% as ship traffic remains low
The persistent scarcity of foreign exchange, which restricted importers’ purchasing power together with the economic downturn, has continued to take...
Naira maintains gain as Travelex dollar sales to BDCs rise to $15,000
The nation’s currency, the naira yesterday maintains gain over the US dollar across market segments of foreign exchange market following...
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