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The Central Bank of Nigeria (CBN) says it has suspended its Wholesale Dutch Auctions (WDAS) to check money laundering in the foreign exchange market. A circular...
The Central Bank of Nigeria (CBN) has confirmed Malam Rislanudeen Muhammad as the Acting Managing Director of Unity Bank Plc. This followed the retirement of Mr...
The Central Bank of Nigeria (CBN) said it has revoked the licence of 20 Bureau De Change (BDC) companies for foreign exchange malpractice. Malam Sanusi Lamido...
The World Bank Board said it has approved a $300 million credit to boost Nigeria’s efforts to provide affordable mortgages for middle-income and lower income families....
Any operators of failed Microfinance Banks involved in feraudulent practices will be handed over to the Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and...
The market capitalisation of the Nigerian Stock Exchange (NSE) rose by N4 billion or 0.04 per cent on Thursday, as major stocks recorded price gains. Due...
The Federal Government on Thursday said it had registered about 15.5 million farmers under the Growth Enhancement Scheme (GES). Mr Sunday Edibor, Regional Director for North Central, Federal Ministry of Agriculture...
The Central Bank of Nigeria (CBN) on Tuesday retained the monetary policy rate at 12 per cent, the CBN Governor, Malam Sanusi Lamido Sanusi, said. Sanusi...
The Federal Government has said it has paid a total of N287.352 billion to oil marketers since the beginning of the year under the petroleum subsidy...
Leading African businessmen Tony Elumelu and Edward Boateng were amongst those that received accolades at the African Business Awards 2013. The exclusive presentation ceremony, organised by...
Investors on the Nigerian Stock Exchange (NSE) on Tuesday exchanged 251.31 million shares worth N2.9 billion in 4,719 deals. This was in contrast to the 261.32...
The Federal Government on Tuesday called for a comprehensive approach toward tackling oil theft in Nigeria. The Secretary to the Government of the Federation (SGF), Chief...
Last week I wrote on this column that Nigerians penchant for foreign goods has continued to put pressure on the nation’s external reserves and the exchange...
Nigerians penchant for foreign goods has continued to put pressure on the nation’s external reserves and the exchange rate. In the last four months April to...
The $3.3 billion syndicated loan secured by Dangote Industries last week to build a 400,000-barrel per day oil refinery and petrochemical plant is said to have...