Foreign Portfolio Investment (FPI) inflow, which represents foreign wealth pumped into Nigerian economy through the capital market, has reduced by 45 per cent from N42.46bn in...
Flight operations were disrupted at the international terminal of the Murtala Muhammed Airport (MMA), Lagos, for two days; Saturday and Sunday, following continued power outage. According...
The naira fell to a new low of 414 against the United States dollar on Sunday amid the continued scarcity of foreign exchange in the country,...
The over $3.2billion Mambilla Hydro-power project with the capacity to generate 3050 megawatts is being threatened by several factors including massive landslide and bad roads. The...
The naira crossed the 400-per-dollar mark on Wednesday to trade at 402 to the foreign currency at the parallel market. The naira, which traded around 396/$1...
Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), National Union of Air Transport Employees (NUATE) and the National Union of Pensioners (NUP), yesterday, protested the...
The Economic Management Team has indeed been considering several policy options and measures to urgently reform and revitalize the economy, but the Presidency in a statement...
The Central Bank of Nigeria (CBN) has banned nine deposit money banks (DMBs) from the foreign exchange market, for hiding over $2 billion belonging to Nigerian...
Nigeria’s foreign continue to depreciate in the face of economic recession, low capacity oil production and dwindling revenue profile. As at August 17, 2016, the reserve...
Some international airlines, which hitherto had their operational bases in Nigeria, have started relocating their offices to Accra, Ghana from where they come to pick passengers...
The Minister of Finance Mrs. Kemi Adeosun along with the President of the Islamic Development Bank (IsDB) Dr. Ahmad Mohamed Ali will formally inaugurate the Country...
The Federal Government on Friday said it would release additional N60bn within the next few days for the implementation of capital projects captured in the 2016...