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Category: Economy

Business Economy headline

Nigeria floors JPMorgan Chase over $875m Malabu oil money

Iheanyi Ejiofor February 23, 2019 No Comments headline

A High Court in London headed by Justice Andrew Burrows has granted Nigeria’s plea to allow it proceed with the trial of JPMorgan Chase. The bank is alleged to have…

Read More Nigeria floors JPMorgan Chase over $875m Malabu oil money
Business Economy

Forex: CBN boosts market with $210m

Iheanyi Ejiofor February 20, 2019 No Comments

The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of…

Read More Forex: CBN boosts market with $210m
Business Economy

Application for the Tony Elumelu Foundation Entrepreneurship Programme closes March 1

Iheanyi Ejiofor February 20, 2019 No Comments

The Tony Elumelu Foundation, an African-funded and founded philanthropy committed to empowering African entrepreneurs has announced its last call for applications into its prestigious 2019 Entrepreneurship Programme. The application portal…

Read More Application for the Tony Elumelu Foundation Entrepreneurship Programme closes March 1
Economy

ATM transactions hit N39.15trn in Q4, 2018 —NBS

Iheanyi Ejiofor February 20, 2019 No Comments 2018 —NBSATM transactions hit N39.15trn in Q4

The National Bureau of Statistics said Automated Teller Machine from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter of 2018. The bureau stated…

Read More ATM transactions hit N39.15trn in Q4, 2018 —NBS
Economy

Banks loans to private sector dropped by N455bn to N15.1tn –NBS

Iheanyi Ejiofor February 20, 2019 No Comments Banks loans to private sector dropped by N455bn to N15.1tn –NBS

The total credit from banks to the economy recorded a decline of N455bn from N15.58tn as of the end of the third quarter of last year to N15.1tn in the…

Read More Banks loans to private sector dropped by N455bn to N15.1tn –NBS

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