The Nigerian Stock Exchange (NSE) has admitted Fidelity Bank Plc' N30 billion bond into its daily official list.The Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nnamdi Okonkwo, said the bondsqualify as securities because Pension Fund Assets could be invested under the Pensions Reforms Act 2014. the bonare callable with a call pr ... Read more

[B]Per Second News[/B]—A band of crime fighters have blown the lid off a banking scam perpetrated by the management of WEMA Bank PLC. A 2016 gross earnings of N54.25 billion and Profit After Tax (PAT) of N2.59 billion has been overshadowed by ongoing fallout from a phony-dud cheque scandal that has plagued the bank in recent months. Man ... Read more

The crisis confronting debt-ridden Etisalat, one of Nigeria’s biggest telecom companies, took a disturbing turn yesterday, with the Central Bank of Nigeria (CBN) urging a consortium of banks to which Etisalat is indebted to the tune of over $1.2 billion to stop putting pressure on the telecom company. Two banking sources, including one pre ... Read more

Dangote Cement Plc , controlled by Africa's richest man, Aliko Dangote, said it may shut its operations in Ethiopia if authorities in the central state of Oromia don't reverse an order to cement makers to hand over control of some parts of their businesses to local young people. Oromia state's East Shewa Zone administration wants the Nigerian co ... Read more

Mr Jide Omokore, a business ally of former Petroleum minister, Diezani Alison-Madueke has his hope to quash a $1.6billion fraud charge against him dashed. Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama, Abuja on Thursday, struck out his application seeking to dismiss the charge preferred against him and others by the Economic ... Read more

The Central Bank of Nigeria (CBN) on Wednesday directed the consortium of 13 banks involved in Etisalat Nigeria's $1.2 billion loan to suspend further action on the indebtedness, including taking over ownership or management of the company. This came as a source in Etisalat claimed that the telecom company has been servicing the debts up to 50 p ... Read more

Nigeria is Africa's most populous country, a designation it wears with pride. It had more than 182m citizens in 2015, according to the World Bank, and is poised to have the world's third-largest population, behind India and China, by 2050. But that figure and the extrapolation are based on Nigeria's 2006 census, which was probably exaggerated. Parl ... Read more