Dangote Loses $3.7bn On Plunging Naira
Africa’s richest man, Aliko Dangote, fell 25 places on the Bloomberg Billionaires Index as the naira tumbled on its first day of trading without a...
See 13 Commercial Banks That Posted N118billion Profit Before Tax in Three Months
A total of thirteen Deposit Money Banks, DMBs, in Nigeria have announced N118 billion Profit Before Tax, PBT, in the first quarter 2016.
The PBT declared...
CBN Loans to Commercial Banks Rise at 173% to N281billion
The volume of loan from the Central Bank of Nigeria, CBN, to commercial banks in the country, jumped sharply last week by 173 per...
Microsoft To Acquire LinkedIn For $26.2 Biliion
Microsoft has announced that it is acquiring LinkedIn, the social network for professionals with some 433 million users, for $26.2 billion, or $196 per...
MTN Fine Was Reduced to Encourage Foreign Investments – Min of Communications, Adebayo Shittu
Adebayo Shittu, Minister of Communications, had said that the reduction of the fine slammed on telecommunication giant, MTN from $5.2 billion (about N1.04 trillion) to $1.7...