This forum, ‘The Role of Effective Nigerian Regulatory Actions in Attracting and Retaining Foreign Direct Investment’, held on 18 September 2018 in Lagos, was conceived as part of a new series of ‘Regulatory Conversations’ in response to recent regulatory actions in Nigeria. The Convention on Business Integrity CBI, in association with BusinessDay Newspapers, Nigeria Economic […]

  Reprieve may soon come the way of South African telecommunications services provider, MTN Nigeria, as the Central Bank of Nigeria (CBN) yesterday said it may reduce the amount it was ordered to repatriate back to the country as part of an ongoing efforts to resolve disagreement with the firm. Read more

PRESIDENT Muhammadu Buhari, inaugurated a 30 member tripartite Committee on Monday November 27, 2017, to negotiate a new National minimum wage. The Committee comprises six serving State Governors and other members from both the public and private sectors, as well as leaders of organized labour. Read more

  Credit rating and research agency, Augusto & Co, has adjudged Stanbic IBTC Bank as the best digital bank in Nigeria, in its 2018 consumer digital banking satisfaction index report released Thursday. Read more

The recent reduction in the level of the nation’s foreign reserves has nothing to do with on-going political activities, the Central Bank of Nigeria, CBN, has said. Read more

MOBILE network operator, MTN, has reiterated its commitment to promote and support Nigerian culture, traditions and festivals. Read more

The global economy has been in turmoil since the emergence of Donald Trump as United States (US) President. While the American dollar continues to appreciate, other countries’ currencies have been nose diving. Besides, the trade tensions between the US and China are beginning to take a toll on global trade. Read more

The Nigeria Deposit Insurance Corporation (NDIC) has paid N11.50bn to depositors, creditors, shareholders and other stakeholders of failed banks as at 2017. Read more

Succor may have come the way of investors on the Nigerian Stock Exchange (NSE), as the Securities and Exchange Commission (SEC) and FSD Africa, at the weekend, sealed a 450,000 deal, aimed at strengthening the regulatory structure and investment protection function of the commission. Read more

The Nigerian National Petroleum Corporation (NNPC) says it made a trade surplus of N18.12 billion in the month of May, higher than N17.16 billion in April 2018. Read more

It is trite to say that Nigeria has the potential to become a major player in the global economy by virtue of its human and natural resource endowments. Read more

Union Bank of Nigeria (Union Bank) has announced the retirement of Mrs. Oyinkan Adewale, an Executive Director and Chief Financial Officer (CFO) of the bank since 2012. Read more  

Demand for loans with collateral and without collateral has so far decreased in the third quarter of 2018, despite an increase in the provision of loans by banks. Read more

The Central Bank of Nigeria’s (CBN) Credit Condition Survey for the third quarter (Q3) has revealed that the overall availability of credit to the corporate sector increased in the period under review. Read more

BREAKING: CBN Raises Alarm on Threat to Nigeria’s Exit from Recession – The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the Nigerian economy are putting the country’s exit from recession under threat. Read more

Fidelity Bank Plc’s profit before tax rose by 27.3 per cent from N10.2bn in the second quarter of 2017 to N13bn in the corresponding period of 2018. Read more  

Dr Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC), has appealed to motorists and other consumers of petroleum products across the country not to engage in panic buying of products over the Nigeria Labour Congress (NLC) planned industrial action. Read more

Rising from the September Monetary Policy Committee (MPC) meeting, yesterday, in Abuja, the Central Bank of Nigeria (CBN) expressed worry over rising election spending, saying it is impacting negatively on inflation. Read more

  The Economic and Financial Crimes Commission has commenced investigation of the directors of the defunct Skye Bank for prosecution. Read more

MTN’s shares rose 2.6% by the close, gaining for a fifth straight day. Picture: Waldo Swiegers/Bloomberg After coming out all guns blazing, Nigeria’s central bank surrendered some ground in its tussle with MTN Group, pledging that a dispute over the repatriation of $8.1 billion in dividends from the country will soon be resolved. Read more