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The naira weakened against the U.S dollar on both the inter-bank market and at the official central bank window as demand for dollar continue to outstrip...
Asset Management Company of Nigeria, AMCON may be able to recover 70 per cent of the N3.14 trillion ($19.68 bln) in non-performing loans it took off...
Nigeria has room to lower interest rates but still keep inflation in single-digits, Coordinating minister of and finance minister Dr. Ngozi Okonjo-Iweala said on Monday, despite...
OFFICIALS of the Nigeria Export Processing Zone Authority, NEPZA, visited Warri at the weekend to inspect site and facility on ground for the multi-billion dollars Warri...
For successful adoption of International Financial Reporting Standards (IFRS) in the country, changes would have to be effected in the nation’s taxation laws and regulations. Addressing...
PRESIDENT of National Industrial Court, NIC, Justice Babatunde Adejumo, has disclosed that no less than four million, Seven Hundred and Fifty Thousand, One Hundred and Ninety-one...
Exchange rate management is critical to a nation’s economic aspiration as it sets the rate at which goods and services are exchanged with other sovereign states....
Market indices of the Nigerian Stock Exchange (NSE) appreciated by 0.81 per cent on Friday after days of persistent sliding. The All- Share Index grew by...
Mr Nicholas Opara, Acting Director, Supervision, National Insurance Commission (NAICOM), says the commission will insist that all financial statements in the country must comply with the...
Nigeria’s inter-bank lending rates dropped this week to an average of 14.83 per cent from last week’s 15.50 per cent after a portion of public sector...
Ecobank Transnational said it will complete the operational merger between its Nigerian unit and rival Oceanic Bank by end of 2012, its chief executive told Reuters...
Nigeria is set to load around 1.93 million barrels per day (bpd) of crude oil in January, according to provisional loading programmes, up slightly from planned...
Nigeria sold 110.85 billion naira ($693.90 million)in short-dated treasury bills at an auction on Thursday, with yields falling sharply compared to the trend at the previous...
Nigeria’s stock index reached its lowest level in almost eight years on Thursday, Reuters data showed, as persistent global risk aversion keeps money out of frontier...
Mr Olabode Afolayan, the President of Real Estate Developers Association of Nigeria (REDAN), on Wednesday said the association planned to build 400, 000 housing units nationwide...