Commercial banks borrow N4.4tr from CBN in 3 months
Data obtained from the regulator indicated that during June and August, Deposit Money Banks (DMBs) accessed a total of N4.4 trillion from the Central Bank of Nigeria (CBN)…
Aba power loses N100 million monthly to energy theft
Due to unauthorised connections and open energy theft by some community members, Aba Power Limited, a subsidiary of Geometric Power, has been losing over N100 million per month…
Fidelity Bank Consents To Purchase Union Bank UK
Fidelity Bank has consented to take over the United Kingdom unit of Nigeria’s second oldest lender, Union Bank, the former said Tuesday. PREMIUM TIMES reports. jamb results See…
Experts Reduce Nigeria’s 2022 Economic 2022 Growth Forecasts Downwards To 3.27%
Analysts at B. Adedipe Associates Ltd. (BAA Consult) has reviewed downward its growth forecast for the Nigerian economy in 2022 to 3.27 per cent from its earlier projection…
TAJBank opens new branch in Abuja
TAJBank opens new branch in Abuja One of Nigeria’s leading non-interest banks, TAJBank Ltd has opened a new technology-powered branch in Wuse 2, Abuja, FCT.Information Guide Nigeria A…
Nigeria’s Crude Oil Production Standard 1.238m bpd In June – OPEC
Nigeria’s Crude Oil Production Standard 1.238m bpd In June – OPEC The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average…
EU Commits $1.4 Billion In Climate Financing To Nigeria
EU Commits $1.4 Billion In Climate Financing To Nigeria The European Union (EU) in collaboration with development finance institutions, has announced a $1.4 billion investment across a number…
FirstBank Secures $150m Afreximbank Grant To Support Businesses In Nigeria
FirstBank Secures $150m Afreximbank Grant To Support Businesses In Nigeria African Export Import Bank (Afreximbank) has announced the disbursement of a $150 million finance facility to First Bank…
Femi Otedola Offloads Over 800m Shares From First Bank
Femi Otedola Offloads Over 800m Shares From First Bank Billionaire, Femi Otedola, has sold N5.76 billion worth of shares from his investment in First Bank of Nigeria (FBN),…
JUST IN: Wealth of Mark Zuckerberg, Elon Musk Declines
JUST IN: Wealth of Mark Zuckerberg, Elon Musk Declines The founder of Facebook, Mark Zuckerberg, has lost -0.74% of his net worth on Tuesday after Meta Platform, formerly…