Banks’ Borrowing From CBN Falls To N10.9 trn, As Deposit Rises 120%
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By Yahaya Umar
Banks’ borrowing from the Central Bank of Nigeria, CBN, fell by 10.6 per cent, month-on-month ,M-o-M, in May to N10.9 trillion.
The CBN...
Access Bank Acquires African Banking Corporation Tanzania
Agency Report
Access Bank Plc has finally completed the acquisition of African Banking Corporation (Tanzania) Limited ,BancABC Tanzania, the company disclosed on Monday.
The long-awaited deal...
MAN Blocks Electricity Tariff Hike With Court Order
By Rotimi Asher, Lagos
A Lagos State high court has issued a temporary order restraining electricity distribution companies ,DisCos, and the Nigerian Electricity Regulatory Commission...
Tolaram To Acquire Majority Shares In Guinness Nigeria As Diageo Exits
By Rotimi Asher, Lagos
In a landmark deal set to reshape Nigeria’s beverage market, Tolaram has agreed to acquire Diageo’s 58.02% shareholding in Guinness Nigeria...
FG Rakes N2trn From Crude Exports To S’Africa, Ivory Coast, Others
By Yahaya Umar
Nigeria’s trade with other African countries has seen improvement over the last three months with the country earning over N2.028tn as export...
