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Monday, April 19, 2021
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Banks’ Exposure to Manufacturing Sector Hit 15% of Gross Loans

Despite the myriad challenges facing Nigerian manufacturing, banks are slowly channeling funds to the sector, aided by Central Bank of Nigeria (CBN), intervention funds...

New SIM Registration to Resume Today as FG Lifts Ban

The Federal Government has lifted the ban on new Subscriber Identity Module (SIM) card registration, giving Nigerians who desire to get new lines a...

Crypto Prices Crash as Bitcoin Value drops to $52K

Bitcoin (BTC) fell to sudden lows of $52,000 on April 18 in a timely reminder of how price action often follows hash rate.China, US...

NOVA Merchant Bank’s Growth Continues as it Declares N3.25bn Profit

NOVA Merchant Bank Limited has released its audited results for the financial year ended December 31st 2020, recording impressive growth across its major financial...

FG, AfDB Collaborating on Agro-Processing Zones Across the Country

As part of the Buhari administration’s efforts to transform agricultural productivity in the country, the Federal Government in partnership with the African Development Bank...

Amcon Charges Squeeze Banks as Regulatory Cost Hits N188.44 billion

The largest banks in Africa’s largest economy are choking on the Asset Management Corporation of Nigeria (AMCON) levy even as they operate in a...

From Backwards Integration to Export Led Growth: Dangote Industries Leads the Way

Since oil wells were discovered in commercial quantities in Oloibiri in 1956 and subsequent oil boom in 1970, Nigeria has not been the same. It...

Major Banks See Record Hit to Interest Income on CBN Rules

Nigerian banks endured a record decline in revenue from interest income in 2020, as the economic fallout from coronavirus pandemic and tighter rules by...

Why Conglomerates Like Dangote Group Drive Innovation, Jobs and Strengthen Economies

Dangote Group’s audacious $15 billion refinery investment has the potential to revolutionize Nigeria’s economy, with its operations adding $13 billion, or 2.3 percent to...

Nigerian Banks Cut over 3,000 Jobs in 2020

Nigerian banks cut over 3,000 jobs last year, one of the biggest deepest job losses for the sector in the past 5-years as the...

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