The Central Bank of Nigeria, CBN has offset the N36.9 billon legacy debt owed to gas suppliers by the power sector under the defunct Power Holding...
Nigeria’s foreign exchange reserves fell 3 percent in two weeks to $37.59 billion by Nov. 13, as the central bank stepped up support for the ailing...
The Minister of Finance, Dr Ngozi Okonjo-Iweala, says the Federal Government has proposed a review of the oil benchmark from 77.5 dollars to 73 dollars for...
Investors’ sell pressure occasioned by national security challenges, decline in international oil prices and political uncertainty impacted negatively on foreign portfolio interest at the Nigeria bourse...
Banks have started resisting the efforts of the regulatory authority to intervene in the interbank foreign exchange market. Investigation reveals that most of the banks shunned...
Continuous default on rules and regulations guiding insurance operation by practitioners have made the National Insurance Commission, NAICOM, to call for a new market agreement for...
The management of Transnational Corporation of Nigeria has denied any wrong doing in the Initial Public offer of Transcorp Hotels saying that it breached no known...
Nigeria’s foreign exchange reserves fell to a 4-month low of $37.9 billion as of Nov. 7, down 3.99 per cent month-on-month after the central bank sold...
The Federal Government says it looses $10billion (N1.7trillion) annually to fraudulent practices in the award of contracts and project reviews. The Director-General Bureau of Public Procurement,...
The Pension Fund Operators Association of Nigeria, PenOp, says it is set to launch its Electronic Pension Contribution Collection system, EPCOS, from 1st of January 2015...
The Federal Government’s Transformation Agenda for the economy has attracted $59.6 billion foreign direct investments (fdi) into the country from all over the world since 2011-2014....
Of the 59 insurance companies operating in the country, only about a dozen are complying with laid down rules and regulations that have excluded them from...
Nigeria’s foreign reserve currently stands at $38 billion, the Coordinating Minister for the Economy and Minister for Finance, Dr. Ngozi Okonjo-Iweala, has disclosed. Speaking at the...
An expert witness, Dr Tunji Adejumo, on Tuesday claimed that a 14-storey building being constructed by the Standard Chartered Bank in Victoria Island, Lagos, violated Nigeria’s...
The market indices of the Nigerian Stock Exchange (NSE) on Tuesday dropped further by 1.6 per cent due to profit-taking embarked upon by investors. The All-Share...