The Central Bank of Nigeria (CBN) has reported that the nation’s Purchasing Manufacturing Index (PMI) in the month of August expanded at 57.1 index points, thereby sustaining the expansionary trend in the real for the 17th consecutive month. The apex bank’s Statistics Department conducted the August 2018 PMI survey from between August 9th and 17th […]
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 Microfinance Banks (MFBs) which operating licences were recently revoked by the Central Bank of Nigeria (CBN) with verification of their respective depositors. The initiative was disclosed on Monday in a statement signed by the commission’s Director, Claims Resolution Department of the Corporation, Mrs. […]
Aliko Dangote was honored Wednesday night at the Bloomberg 50 annual gala dinner at New York’s Gotham Hall.