OPEC has predicted that demand for its crude will decline in 2015 to the lowest in six years as supplies from other producers, led by the U.S., are more than enough to cover the increase in global consumption.

In a bid to ensure to ensure that its  customers are not subjected to the recently imposed charges on cash deposits and withdrawals  as stipulated by the Central Bank of Nigeria (CBN), one of the country's leading banks, the United Bank of Africa (UBA) has come up with several platforms that will aid its customers deposit, withdraw and transfer cash without any hassles.

Nigerian Mortgage Refinance Company (NMRC), has introduced uniform underwriting standard for mortgage loans in Nigeria. The scheme was launched during a 2-day workshop held on Wednesday, 9 th of July through Thursday, 10 th July, at the Civic Centre, Victoria Island, Lagos.

Mr. Wale Oshun, a delegate at the National Conference, on Friday said that the rowdy session on Thursday at the confer was expected as “there is no way (that) an issue of this nature will be discussed and will not have a lot of emotions”. According to him, the bone of contention was money.

One of Nigeria’s leading consulting firms, Phillips Consulting Limited, has launched an online recruitment platform known as Shortlist Nigeria.

The Central Bank of Nigeria (CBN) has challenged the proposed statutory amendment seeking to empower the Nigerian Deposits Insurance Corporation (NDIC) to liquidate insurance institutions in the country.

Diamond Bank Plc has emerged Nigeria’s best bank in Information Communication Technology at the just concluded 2014 Annual Banking Awards organised by Businessday newspapers.


The Central Bank of Nigeria (CBN), has extended the deadline for complying with the new requirements for the operation of Bureau De Change operators from July 15 to July 31

The Rivers State House of Assembly has approved the request of the state Governor, Rt. Hon. Chibuike Amaechi, to borrow US $280 million from the World Bank and African Development Bank (AfDB) to finance water supply and sanitation in Port Harcourt, the state capital.