Banking

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External Reserves Hit $44.78bn Amid Hike In Global Oil Prices

Amid increase in the global oil prices to above $73 per barrel, the Nigerian external reserves under the care of the Central Bank of...

IMF: Nigeria 2nd Worst In Managing Sovereign Wealth Fund

The International Monetary Fund (IMF) has ranked Nigeria as the second worst country in the world in the use of sovereign wealth funds. According to...

Innoson Insists: We’re Taking Over GTB Itself

Innoson Nigeria Limited has said the court judgment it obtained to enforce its garnishee order would be executed on Guaranty Trust Bank (GTB) and...

Court ‘Empowers’ Innoson Motors To Take Over GTB’s Properties

Innoson Nigeria Limited has obtained a writ of Fifa from the Federal High Court in Awka, Anambra State, against Guaranty Trust Bank (GTB) to...

Why CBN Cut Lending Rate From 14 To 13.5 Per Cent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has cut down the benchmark lending rate from 14 per cent to...

N21bn Money Laundering: EFCC Begins Trial Of Ex-Skye Bank Chairman

The Economic and Financial Crimes Commission (EFCC) is set to dock Tunde Ayeni, the former chairman of Skye Bank Plc, over alleged laundering of...

N39.15trn Transactions Made On ATM In Q4 2018

The National Bureau of Statistics (NBS) said Automated Teller Machine (ATM) from selected banks across the country recorded transactions valued at N39.15 trillion in...

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