External reserves return to growth path, gain $243.83m
Nigeria’s external reserves rose by $243.83m in 19 days, according to figures obtained from the Central Bank of Nigeria. The CBN revealed in its data on movement in reserves that…
Domestic, int’l passengers rise by 44%, hit 15.23million
Nigerian Airports witnessed increased patronage between January and December 2021, as the number of air travellers rose to 15.23 million from 10.55 m recorded in 2020. According to the latest…
Maritime lawyers oppose 15% imported vehicle levy
AS the controversy surrounding the introduction of 15 per cent National Automobile Council levy on imported vehicles lingers, some maritime lawyers have demanded court intervention as a way of resolving…
10 banks lend customers N2.9tn in 12 months
Between December 2020 and December 2021, the combined loan portfolio of 10 Deposit Money Banks in Nigeria rose by N2.9tn, data collated from their audited financial statements show. The banks…
Temple Group appoints subsidiaries’ MDs
THE Group Managing Director of Temple Group Limited, Segun Obayendo, has announced the appointment of Mrs Ifeoma George-Oji as the managing director of Temple SYC Limited; and Mrs Chinwe Uwaegbute…
Abbey Mortgage gets acting MD
Abbey Mortgage Bank Plc says its Managing Director/Chief Executive Officer, Mr. Madu Hamman, has been appointed as the new Managing Director of Federal Mortgage Bank of Nigeria, the apex mortgage…
BoI Group records N62.28bn profit
The Bank of Industry Group on Tuesday said its profit before tax rose by 75 per cent to N62.28bn at the end of December 31, 2021, from N35.54bn recorded in…
IMF upgrades Nigeria’s economic growth forecast to 3.4%
The increase in global oil prices has caused the International Monetary Fund to review Nigeria’s economic growth potential to 3.4 per cent in 2022. The IMF disclosed this in its…
Paris Club: States write FG, kick against $418m deduction
State governments have asked the Federal Government to refrain from deducting from funds accruing to them and all local government councils as liquidation for the alleged $418 million London/Paris Club…
Vandalism, others push oil firms’ bank borrowing to N5.68tn
The combined bank borrowing of oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry rose from N5.19tn in January 2021 to N5.68tn in…
Five months after Tribunal report, Lagos yet to demolish Ikoyi skyscrapers
Five months after the collapse of a 21-storey building in Ikoyi, Lagos, the state government is yet to commence the demolition of two nearby high-rise buildings which failed the integrity…
Imported vehicles: Dealers threaten shutdown over 15% levy
As controversy continues to surround the introduction of 15 per cent National Automobile Commission levy imposed on imported used vehicles by the Nigeria Customs Service, car dealers have threatened to…
