Heritage Bank Sacks 400, But Officials Say Bank Remains Strong, Sound

By Akin Akinremi Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December alone. Investigations by WESTERN POST on Monday indicated that more workers…

Nigeria’s GDP: IMF projects positive growth in 2017

The International Monetary Fund (IMF) has projected 0.8 percent Gross Domestic Product (GDP) growth for Nigeria in 2017, a little below World Bank’s projections of 1 percent growth for the…

SEC Says Over N30 billion Unclaimed Dividends Paid So Far, Extends Free Registration Period

  The Securities and Exchange Commission (SEC) has stated that over the sum of N30 billion has so far been paid to investors in the Nigerian capital market from the…

12 Millionaires Emerge in New Sterling Plus Cash Reward Promo

  As part of its enriching lives proposition, Sterling Bank Plc last year, made 12 of its customers millionaires in the New Sterling Bank Sterling Plus Cash Reward promo. Other…

Nigeria rejigs trade policy to align with WTO’s template

  Nigeria’s trade policy is being reviewed by the Federal Government to ensure it meets the World Trade Organization’s (WTO) template on trade, Trade Adviser to the Minister of Industry,…

Foreign Reserves Hit $26.9bn, as Value of Open Contracts Rises

Nigeria’s foreign exchange reserves increased week-on-week by 2.51 per cent to USD26.88billion, according to latest update from the Central Bank of Nigeria, CBN. The latest uptick in the reserves came…

Inflation rises to 18.55 Percent

  Inflation rose by 18.55 per cent in December 2016, 0.07 per cent points higher from the 18.48 per cent recorded in November. Recent report released by the National Bureau…

CBN to BDCs: We Won’t Devalue Naira

  The Central Bank of Nigeria (CBN) has told Bureau de Change (BDC) operators in the country that it does not intend to devalue the naira and will support it…

Heritage Bank Moves to Deepen Support to Agric Value Chain

  Heritage Bank Plc has disclosed plans to revolutionise the agricultural value-chain field, particularly the rice farming that will enhance agribusiness and aid economic development through its direct participation in…

Development Bank of Nigeria (DBN) set to take off with N1.3bn dollars

*As FG seeks licence from CBN The Federal Government has equally applied to the Central Bank of Nigeria for the issuance of an operational licence to DBN in preparatory to…