Banks Aggregate Loans-To-Deposit Ratio Rose to 61.2% in April

Deposit Money Banks in Nigeria grew the ratio of their loans as a proportion of deposits to 61.2 percent in the Month of April,...

Stockbrokers Move to Sanction Defaulting Members

The Chartered Institute of Stockbrokers (CIS) has unfolded interim measures to boost its income stream and grow membership base in order to strengthen its...

Nigeria’s Trade Balance Declines, Records N138.98bn Trade Deficit

Nigeria recorded N138.98bn trade deficit in the first quarter of 2020, according to figures from the National Bureau of Statistics. The NBS stated this in...

Lagos Attracts US$250 Million for new Industrial-Residential Development – Sanwo-Olu

Lagos State government yesterday said that it had attracted investment worth $250 million for its new industrial cum...

States, FCT Record Total of N1.334Tn in IGR

Nigeria’s thirty six states and the federal capital territory recorded a total of one trillion, three hundred and...

Finance Minister Says Nation to Fall Into Recession

The nation’s finance minister, Zainab Ahmed, says the coronavirus pandemic and the dip in oil prices are set...

NSE Trading Maintains Positive Trend With 0.77% Growth

Sentiments in the nation’s bourse remained positive on Thursday following price appreciation in Dangote Cement and 17 other...

Foreign Reserves Rise to $34.65bn

Latest figures from the Central Bank of Nigeria have indicate that foreign reserves have risen to $34.65bn within...

Experts Hunt For Solutions to Cushion Looming Recession

Experts in the financial sector have said that an economic recession looms in the third quarter of 2020 due to the coronavirus pandemic currently...

‘Many States Won’t be Able to Pay Wages From June’- Finance Minister

The scale of the looming financial crisis caused by the coronavirus pandemic has been revealed by Minister of Finance Mrs. Zainab Ahmed. The Federal Government,...


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