First City Monument Bank Limited says it has commenced commercial banking operations at its London subsidiary, FCMB (United Kingdom) Limited. The bank said the development followed approval by the regulatory authorities in late 2013 to begin wholesale deposit taking for businesses and corporate organisations. The bank said the activities represented […]

The nation’s fast depleting external reserves and the persistent pressure on the naira will top the agenda as the Central Bank of Nigeria’s Monetary Policy Committee begins its two-day meeting today (Monday). Being the first MPC meeting after the suspension of Mr. Lamido Sanusi as the CBN governor, the financial […]

Nigeria, the world’s fourth-biggest liquefied natural gas exporter, plans to increase domestic gas prices to boost supply to power plants hit by shortages. The nation will apply “export-parity pricing” in 2016, Timothy Okon, group coordinator of strategy and planning at Nigerian National Petroleum Corp. said yesterday in an interview at […]