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The new foreign exchange policy yesterday received a $20 million foreign investment boost as the Central Bank of Nigeria, CBN, and Citibank Nigeria Limited executed the...
Central Bank of Nigeria (CBN) is set to resume dollar sales to Bureaux De Change (CBN), in a bid to arrest the continued depreciation of the...
The Refinery and Fertilizer projects of Dangote Industries Limited is expected to create a minimum of both direct and indirect job of 235,000 new jobs, as...
Nigerian banks lost N3 billion to fraudsters in 2015 with temporary staff accounting for 67 percent of the money lost. Nigeria Deposit Insurance Corporation (NDIC) disclosed...
The exit of Britain from the European Union (EU) has a number of immediate and remote implications for the Nigerian economy. First, the outcome of the...
***Says fiscal discipline is a destination, Minister of Finance, Kemi Adeosun, yesterday said that states must publish their accounts at end of every financial year to...
The Central Bank of Nigeria (CBN) has formally flagged off the Naira Settlement Foreign Exchange Market on Monday, June 27, 2016 in Lagos. Speaking at the...
Nigeria in the last 40 years or so has embarked on one economic reform or another with the slogan of economic diversification. It started with General...
—Banks’ profits drop by N11.1bn —Shareholders extol management for surviving challenging times Nine banks quoted on the Nigerian Stock Exchange, NSE paid 42.2 per cent or...
Nigeria’s swift one-step move to a floating currency has been welcomed by investors but most nonetheless will stay away until economy shows signs of recovering. Nigeria...
The President of Dangote Group and Chairman, Cement Technology Institute of Nigeria (CTIN), Alhaji Aliko Dangote, has written to the Economic and Financial Crimes Commission (EFCC)...
—-as CBN injects $150m Interest rates in the interbank money market rose sharply to N51 percent yesterday as banks scramble for naira to fund the $4.2...
Chairman, Ministerial Committee on Modalities for the Establishment of Nigerian Fleet, Mr. Olu Akinsoji has said that Nigeria lost $2.2 billion dollars in 2014 due to...
The All-Share Index of the Nigerian Stock Exchange (NSE) on Wednesday crossed the 30, 000 mark following gains posted by some highly capitalised equities. The index...
Nigeria in May exported 1.89 million barrel per day contrary to fears that crude export has dropped to as low as 1.3 million barrel per day....