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SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures Read more
Nigeria’s banking industry could face significant liquidity pressures if the Central Bank of Ni-geria (CBN) enforces its directive that eight banks should refund the Nigerian Read more
By Henning Gloystein | SINGAPORE Oil prices fell early on Monday as output from Iraq rose and as Iran said it would only cooperate in Read more
Olalekan Adetayo, Abuja President Muhammadu Buhari on Sunday assured the international community that Nigeria will be one of the first 100 countries on the World Read more
Stanley Ogidi The Federal Department of Fisheries on Saturday destroyed 15 containers of frozen fish allegedly belonging to a company, Food Solution Nigeria Limited. According Read more
By George Obulutsa NAIROBI (Reuters) – Japanese Prime Minister Shinzo Abe told African leaders on Saturday that his country will commit $30 billion in public Read more
JOHANNESBURG (Reuters) – South Africa’s rand and bonds rallied on Friday as soft economic growth data in the United States ahead of a speech by Read more
By Mfuneko Toyana JOHANNESBURG (Reuters) – South Africa’s main opposition the Democratic Alliance (DA) called on Friday for an urgent parliamentary meeting to work out Read more
LAGOS (Reuters) – Nigeria’s naira was quoted at an all-time low of 412 per dollar on the parallel market on Friday as a dollar shortage Read more
LAGOS (Reuters) – Nigeria’s naira was quoted at an all-time low of 409 to the dollar on the black market on Thursday, compared with 402 Read more
CBN readmits UBA to FX market Banks speak on penalty, NNPC funds Naira hits 402 per dollar The Chief Executive Officers (CEOs) of banks will Read more
The Central Bank of Nigeria (CBN) late Wednesday night deleted the United Bank for Africa (UBA) from the list of nine deposit money banks (DMBs) Read more
JOHANNESBURG — A young South African is winning widespread recognition for his unique business in Alexandra, Johannesburg. Jeffrey Mulaudzi takes tourists on bicycle rides through Read more
By TJ Strydom JOHANNESBURG (Reuters) – Africa’s largest retailer Shoprite Holdings reported a 17 percent jump in full-year profit on Tuesday, shrugging off competition in Read more
LAGOS (Reuters) – Nigeria’s central bank has asked commercial lenders to allocate 60 percent of their foreign exchange purchases to manufacturers, in a bid to Read more
CBN to banks: Dedicate 60 of forex to manufacturers Banks and other lenders have begun a recovery programme to recoup loans and debt from the Read more
The Minister of Finance, Mrs Kemi Adeosun, has called on the Islamic Development Bank to support Nigeria in rebuilding the northeast ravaged by Boko Haram. Read more
Sun International joins South African exodus from Nigeria * South African hotel, gaming group ends Nigerian ambitions * Weak economy, shareholder dispute weighed on business Read more
Some international airlines, which hitherto had their operational bases in Nigeria, have started relocating their offices to Accra, Ghana from where they come to pick Read more
JOHANNESBURG (Reuters) – Chinese state-owned Beijing Automobile International Corporation (BAIC) has signed a deal to invest 11 billion rand ($823.30 million) in an industrial zone Read more
For Nigeria to meet the 2016 oil benchmark, a total of 3.1 million barrels of crude oil production per day needs to be achieved, Ibe Read more
By Mark Tay | SINGAPORE Oil prices fell away from 5-week highs on Wednesday as analysts doubted possible producer talks to rein in ballooning oversupply Read more
BENEFITS OF MODULAR REFINING AS AN ALTERNATIVE IN EMERGING ECONOMIES. By Ikenna Ifedobi. In the business of refining crude oil, what is good for the Read more
Crude oil production levels in Nigeria, Africa’s one time largest producer, has fallen to between one million and 1.2 million barrels daily, wrecked by militancy Read more
NAIROBI (Reuters) – Kenya’s Uchumi Supermarkets will use a cash injection of 1.2 billion shillings ($11.83 million) from the government to repay debts owed to Read more
LAGOS (Reuters) – Nigeria’s central bank intervened on the interbank foreign exchange market on Tuesday to help support the naira after it hit an all-time Read more
Nigerians should prepare for another increase in the pump prices of petrol, due to the continued scarcity of foreign exchange to finance the importation of Read more
Akinpelu Dada The Asset Management Corporation of Nigeria has said it will conclude the process for the sale of Keystone Bank in the next two Read more
JOHANNESBURG (Reuters) – Africa’s biggest mobile phone operator MTN Group Ltd reported a $357 million half-year loss on Friday and cut dividend payouts, after a Read more
LAGOS Aug 3 (Reuters) – Nigerian mid-tier bank FCMB plans to raise 10 to 15 billion naira ($47 million) of Tier II capital to boost Read more
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