ACCESS Bank Plc granted about N37 billion loans to small and medium enterprises (SMEs) in the immediate past business year as the commercial bank concludes arrangements to launch an innovative portal that allows customers to process their loan application online. At an interactive media session yesterday in Lagos, Head, Emerging Businesses, Access Bank Plc, Ayodele […]

The Nigeria Aviation Handling Company Plc says it has acquired N2.5bn set of equipment for passenger facilitation and other aspects of its business. The Group Managing Director, NAHCO Aviance, Mrs Olatokunbo Fagbemi, who made this known on Thursday, said it was part of the company’s five-year transformational plan to boost growth in the aviation industry. […]

The shares of MTN Nigeria Communications Plc dropped by 1.57 per cent to close at N125 on Thursday following the announcement of the board restructuring of the company. MTN had announced the retirement of its Chairman, Pascal Dozie, and five other directors from the board of the company, effective September 2, 2019. The company also […]

The Federal Government has said Nigerians living abroad remitted $25bn in 2018, representing 83 per cent of the national budget in that year. The amount, it noted, was about 6.1 per cent of the Gross Domestic Product of the country. The Secretary to Government of the Federation, Boss Mustapha, who said this at the 2019 […]

The Federation Account Allocation Committee on Thursday distributed the sum of N762.59bn to the three tiers of government. The amount, which was distributed from the gross revenue generated for the June, represents an increase of N82.99bn over the N679.6bn shared in the previous month. A communiqué issued at the end of the FAAC meeting, which […]

Power distribution companies in the country failed to remit a total of N1.156tn to the Nigerian Bulk Electricity Trading Plc for the electricity sold to them as of February 2019. Discos’ total debt to NBET stood at N890bn as of July 2018, according to the Ministry of Power, Works and Housing. Latest data obtained by […]

At N2.158tn, currency-in-circulation, on month-on month basis, rose by 0.3 per cent at end-April 2019, the Central Bank of Nigeria has said. The apex bank said this in its first quarter report on currency-in-circulation and deposits. This was in contrast to the respective decline of 3.9 per cent and  four per cent at the end […]

The Federal Government has listed savings’ bonds worth N277.7bn on the Nigerian Stock Exchange. The bonds, which were listed on Tuesday, consisted of N78.7bn two-year series 56 bonds at the rate of 11.195 per cent and N198.9bn three-year series 57 bonds at the rate of 12.195 The NSE said in a notice that the interest […]

 Within a space of two months, the amount that was spent by the Nigerian National Petroleum Corporation in subsidising Premium Motor Spirit, popularly known as petrol, rose by over 1,174 per cent; latest figures obtained from the corporation on Thursday have shown. Specifically, the corporation spent a total of N206.59bn on subsidy in January and […]