Recapitalisation: Banks sweat over exclusion of N3.8trn retained profit

By Babajide Komolafe, Economy Editor, Peter Egwuatu & Nkiru Nnorom As bankers begin from tomorrow to strategise on how to meet the new capital structure prescribed by the Central Bank of Nigeria,... Read more »

Naira closes 1,309/$ as banks sell $2.5bn

By Damilola Aina In the last two weeks, the Central Bank of Nigeria and other banking institutions have improved dollar supply to the foreign exchange market by $2.5bn, making the naira strengthen to... Read more »

Airfares drop as foreign carriers unblock low-priced tickets

By Justice Okamgba, Princess Etuk Foreign airlines operating in Nigeria have begun to unblock their low-priced fares on Nigerian routes as the Central Bank of Nigeria completes the payment of about $7bn... Read more »

Local vehicle manufacturing begins soon, declares industry minister

By Edidiong Ikpoto Plans are underway to position Nigeria as a major player in the vehicle manufacturing industry, according to the Minister of Industry, Trade and Investment, Doris Uzoka-Anite. The minister stated this... Read more »

Photos: Air Peace begins direct Lagos-London flights

By Adetutu Sobowale Air Peace, on Saturday, commenced its Lagos-London flight services. The commencement of the service came a month after it announced plans to begin direct flight operations to London on March 30 during... Read more »

Nigerian economy records over $1.5bn inflow, says CBN

By Daniel Adaji The Central Bank of Nigeria has said that it recorded an inflow of over $1.5 billion into the economy over the past few days, indicating that its monetary policy efforts... Read more »

CBN New Capital Base: Top 5 banks in N1.5trn shortfall

•Int’l commercial banks get N500bn as minimim•National Commercial banks N200bn•Banks given 24mths deadlineBy Babajide Komolafe, Economy Editor The top five banks have a shortfall of N1.5 trillion to meet the new minimum... Read more »

Breaking: CBN introduces N500bn, N200bn minimum capital base for banks

…Gives Banks 24 months To Recapitalise ABUJA – Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the financial system, the Central... Read more »

Breaking: Binance executive sues NSA, EFCC

…as lawyer withdraws appearance for fleeing Anjarwalla The detained Binance executive, Tigran Gambaryan, has sued the National Security Adviser (NSA) Nuhu Ribadu, and the Economic Financial Crimes Commission (EFCC) over alleged violation of his... Read more »

37 leisure, hospitality homes established in Anambra within 2 years

…As Greenville shortlet apartment is unveiled By Okey Maduforo About thirty seven leisure and hospitality homes have so far been established in Anambra state in the last two years; a development that... Read more »