Businessam Staff
Tunde
Union Bank to raise $164m to bolster capital buffers
Businessam StaffDecember 20, 2019
Union Bank Plc plans to raise N50 billion ($164 million) by the end of second quarter via rights issue to boost its capital adequacy
Financial Inclusion: CBN issues licences to 15 mobile money operators
Businessam StaffDecember 19, 2019
By Omobayo Azeez
Secured Anchorage Area: Senate joint c’ttee absolves OMS of fraud
Businessam StaffDecember 18, 2019
Says Navy in deficit of 150 patrol boats By Samson Echenim
Senate will pass Buhari’s $29.96bn loan request, says Lawan
Businessam StaffDecember 17, 2019
Ahmad Lawan, president of the senate, on Monday, confirmed that the red chamber would approve the $29.96bn loan request of President
Nigeria has lost $400bn to foreign havens, says Malami
Businessam StaffDecember 17, 2019
Nigeria has lost over $400bn to offshore havens, said Abubakar Malami, the attorney-general of the federation and minister of justice
Foreign reserves drop by $558.68m in two weeks
Businessam StaffDecember 17, 2019
The country’s foreign exchange reserves continued its downward trend as it dropped from $39.8bn on November 11 to $39.24bn on December
Refineries lost N111bn in nine months, says NNPC
Businessam StaffDecember 17, 2019
The three refineries owned by the federal government lost a total of N111.27bn from January to September this year, the Nigerian
Fuel consumption hits 67.66 million litres/day, subsidy gulps N10.1bn
Businessam StaffDecember 17, 2019
The average daily consumption of petrol has hit 67.66 million litres, indicating an increase of 33.89 million litres when compared to
Rivers wins oil wells from Bayelsa as court orders map error correction
Businessam StaffDecember 16, 2019
The Federal High Court in Abuja on Monday ordered the transfer of Soku oil field from Bayelsa State to its rightful owner, Rivers
AFEX secures funding to boost agro commodities market
Businessam StaffDecember 16, 2019
AFEX Commodities Exchange Limited (AFEX), a market leading commodity exchange in Nigeria, said it has secured investment for an