Banks’ deposits with CBN hit N3.17tn in nine months
Businessam Staff
January 10, 2020
The Central Bank of Nigeria has recorded N3.17tn deposits from 11 commercial banks in nine months. Data obtained from the financial
Global oil prices stabilize after Iran’s retaliation, analysts see further declines
Kenneth AforJanuary 10, 2020
Kenneth Afor
Global oil and gas discoveries hit four-year high
Businessam StaffJanuary 9, 2020
The world’s oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest
Oil’s bonkers week saw a ‘stunning’ collapse following the Trump-Iran turmoil
Businessam StaffJanuary 9, 2020
We are a week into the new year but oil traders have had a heck of a 2020 so far courtesy of the US-Iran turmoil. After soaring,
Dow futures rise as US-Iran tensions decrease
Businessam StaffJanuary 9, 2020
The ease in tension between US and Iran has resulted in the US stock index futures experiencing a good standing on Thursday morning.
Nigeria’s economy to grow by 2.1 percent in 2020, says World Bank
Businessam StaffJanuary 9, 2020
Nigeria’s economy has been predicted to grow by 2.1 percent in 2020 by World Bank with the growth in the West African Economic and
Telcos defy minister, say voicemail regulation not required
Businessam StaffJanuary 9, 2020
Telecommunications operators in the country have insisted that the voicemail service on mobile telephone lines does not require policy
CBN retains 65% LDR, sustains penalty for defaulting banks
Businessam StaffJanuary 9, 2020
The Central Bank of Nigeria (CBN) has decided, in the interim, to retain the minimum loan-to-deposit (LDR) ratio for commercial and
T-bills interest rates drop to one-year low
Businessam StaffJanuary 7, 2020
The interest rates of treasury bills dropped to a 12-month low level of 3.5 per cent at the Primary Market Auction, which took place