4 hours ago

In less than three months, covering January to last week, deposit money banks (DMBs) drew N24.13 trillion from the Central Bank of Nigeria (CBN) through the discount window to meet short-term obligations, a trend that points to some liquidity gaps in the financial system.

4 hours ago

A British company, Savannah Energy PLC, announced, yesterday, that it has acquired 100 per cent of the outstanding share capital of Sinopec International Petroleum Exploration and Production Company Nigeria Limited (SIPEC) and Jagal Ventures Limited.

4 hours ago

The Debt Management Office (DMO) said it raised N475.67 billion from the March 2024 Federal Government (FGN) bond offer, slightly more than the N450 billion it had planned to raise.

4 hours ago

Amidst the federal government’s commitment to addressing the challenges posed by the removal of the fuel subsidy, the Presidential Compressed Natural Gas (PCNG) initiative has received a boost with investors staking about $45 million in the program.

1 day ago

Zenith Bank Plc has announced the appointment of Dame (Dr.) Adaora Umeoji, OON, as Group Managing Director/Chief Executive with effect from June 1, 2024, subject to approval by the Central Bank of Nigeria (CBN). She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024, after a very successful tenure. Ladies…