Nigeria’s bad bank receivables rise 80% as obligors default
Nigeria’s bad bank, the Asset Management Corporation of Nigeria (AMCON), is currently facing recovery challenges from about 305 account obligors ...
Wednesday, June 10, 2026
Tag: Nigeria
Inflation to ease, firms operating cost to drop on declining diesel price
The Nigerian National Petroleum Corporation (NNPC) claims of a reduction in diesel price by 42 per cent could positively ease ...
BEDC to publish power availability schedules to customers
Benin Electricity Distribution Company (BEDC) has indicated that in view of prevailing electricity generation limitations, it would start publishing power ...
CBN offers $100 million at special foreign currency auction
Nigeria’s central bank has indicated that it would offer about $100 million at a special foreign currency auction this week, ...
Electricity companies intensify metering of households as NERC bare fangs
Nigeria’s electricity distribution companies have stepped up efforts to meter over four million retail households in response to the Nigeria ...
Stanbic IBTC introduces high interest yielding savings product
Stanbic IBTC Bank, a member of Stanbic IBTC Holdings PLC, has launched Max Yield Savings Account (MYSA) in a bid ...
Nigeria received $18bn in remittance from Diaspora migrant workers in 2016 – IFAD
Gilbert F. Houngbo, the sixth President of the International Fund for Agricultural Development (IFAD) Nigerian migrant workers overseas sent home ...
Libya’s export halt gives crude prices reprieve in week of persistent losses
Crude oil prices climbed slightly higher Friday after announcement by Libya that it had temporarily halted its export. But oil ...
Currency traders see convergence of exchange rates on increased foreign interests in Nigeria’s equities
Nigeria's multiple exchange rates are heading for near-term convergence on the back of growing positive sentiments in the country's equities ...
Nigeria’s newest airline prepares for take off as storm clouds gather
Nigeria's aviation industry has suffered a prolonged spell of violent turbulence. The nation's leading carrier was recently taken over by ...
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