Banks’ ratio of non-performing loans to total credit plunged to 3.8 percent in April from 35 percent in November 2010 as bad debt was shifted to a government-sponsored agency, the Central Bank of Nigeria (CBN) said on Thursday.
Headline News
|
Ghana's cabinet has approved a Eurobond issue of up to $1 billion which is tentatively scheduled for July, Finance Minister Seth Terkper said on Thursday.
"... |
The Southern African country of Angola – one of the astest growing economies on the continent – as announced plans to launch a bourse in the next three years.
According to Angola... |
|
The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with Advans Ghana Savings & Loans Limited (a local micro-finance institution) to expand... |
Guaranty Trust Bank Plc rose to a record as investors speculated the stock was undervalued compared with its peers, according to Asset and Resource Management Company Ltd.
The stock rose for a... |
Markets
Analysis
The remains of Albert Chinualumogu Achebe, who died on March 21, 2013 in faraway United of States of America at the age of 82, will today be committed to mother earth.
Today, people from all walks of life will gather at Ogidi to pay their last respects to the erudite writer. All manner of adjectives from men and women of letters will be employed...
Multimedia
|
iStore Ikeja, Apple's flagship retail store in Nigeria has announced the immediate commencement of its weekend super bonanza to reward and bond with loyal customers in Nigeria especially in... |
Columnist
 |
 |
 |
More Stories
This year’s Nigeria-Brazil Business Summit which debuted last year is holding in August in Rio de Janeiro, Brazil, Olusegun Akinruli, president /CEO of the Nigeria-Brazil Centre for Business, Culture and Cooperation, organisers of the event,...
The level of exportation of cargo between Nigeria and South Africa has increased to 40 percent as against the 10 percent to 90 percent which it used to be.
This is just as Nigeria has been identified as the biggest cargo market for South Africa...
Revenue from every remodelled airport is estimated to increase by 500 per cent due the income that would accrue from the non-aeronautical sources attached to the expansion work.
Some of the already remodeled terminals have seen ultra modern shops...
How to be a millionaire? You may be wishing to have a million bucks, or you may be an aspiring young professional who wants to know if you are on the right path. Whatever the case may be, here are seven ways people become millionaires. Some are by...
The issue of financial security is often raised during discussions because of its importance to the financial well being of individuals or households. To ascertain the strength of one’s financial security, it’s important that you...
Momas Electricity Meters Manufacturing Company Limited (MEMMCOL), a metering and technological solutions industry rolled out a mobile money-enabled prepaid electricity meters in accordance with Central Bank of Nigeria (CBN) directives on Cashless...
Having whether the storm in the evolving economic environment for 20 years Knightsbridge limited, said that is has successfully established itself in the Nigerian business arena, offering quality service in the logistics sector to the expectations...
LEKOIL has raised $50m to fund oil and gas exploration in Nigeria just as it has also been admitted to London Stock Exchange.
The London Stock Exchange Group today welcomed Lekoil Limited to its growth market, AIM. The company raised approximately...
The International Monetary Fund, IMF, has raised it voice in favour of the Petroleum Industry Bill, PIB, saying, it “would boost investment, government revenue, and fiscal transparency.”
The commendation comes in spite of varied...
Following claims and counterclaims over importation and operations of Rivers state Government aircraft, Caverton Helicopters management during the week, explained that it disengaged its services from the operations of the aircraft after the State...
The Federal Government is expected to receive the first batch of software developers next week that would undergo one year training at the Lagos Incubation Centre.
Accenture Consulting, the project management office (PMO), that is handling the...
The Nigerian banking sector has been largely transformed, after the Central Bank of Nigeria’s (CBN) intervention, and the subsequent reform has reshaped the industry and increased competition.
The CBN in 2009 initiated banking reforms and set...
Starting any skill, occupation or career at a young age is an added advantage, as it affords one the opportunity to make gains and even recoup returns as many times as possible for a long period before tiring out. The same applies to investing....
One of the most difficult things to figure out in investing is when to sell something. The decision to switch things up can be a difficult one to make. What if you get rid of an investment, and it takes off? You’ve just lost out on big...
BusinessDay conducted a sample survey over a four week period to understand whether Nigerians are willing to change their phone service provider with the introduction of number portability by the Nigerian Communication Commission (NCC).
More...
No front page content has been created yet.
