The Nigerian Bureau of Statistics (NBS) has revealed that inflation for November surged to 28.20% from 27.33% recorded in October, underscoring the rising cost of living in the country.This was reveal...
What is a Bank Credit?Definition‘Bank Credit’ is a financial term used to refer to the amount of money a business or individual can borrow from a bank. It is also referred to as the money tha...
The Independent Petroleum Producers Group (IPPG) said that it is calling on the Federal Government to review some critical aspects of the Petroleum Industry Act (PIA) so as to strengthen the regulator...
The United Bank for Africa (UBA) recently received $17 million in funding from the Africa Development Bank (AfDB) Group to boost its support for the private sector and financing of infrastructure deve...
BUA Group, one of Africa’s largest conglomerates, signed a contract with CIMC Enric, a leading global energy equipment firm, to establish the mini LNG project in the country.The 700-ton-per-day Liqu...
What is a Bank? “…an establishment for custody of money, which it pays out on customer’s order.”Oxford DictionaryDefinitionA bank is the major financial institutio...
On Tuesday, the Nigeria Labour Congress expressed its concerns about the prolonged cash scarcity in the country as it has threatened to go on a mass protest if the issue is not rectified by the Federa...
It's been reported that AIICO Insurance Plc recently acquired a 5% shareholding in Infrastructure Credit Guarantee Company Limited.In the statement released by Infrastructure Credit Guarantee Company ...
Nigerian Breweries Plc Shareholders have approved the firm's acquisition of an 80% stake in Distell Wines and Spirits Nigeria Limited (Distell Nigeria) and the import business of Heineken Beverages (H...
The Federal Competition and Consumer Protection Commission (FCCPC) has filed a lawsuit against British American Tobacco (BAT) in Nigeria and companies affiliated with it for $110 million for numerous ...