Nigeria’s external reserves now stands at $29.30 billion as at December 23, 2015. Data from the Central Bank of Nigeria’s website shows that the reserves declined...
The Director, Monetary Policy of the Central Bank of Nigeria, Mr Moses Tule, has been speaking on the recent restrictions on the use of naira debit...
A Nigerian economist has stated his opinions about the 2016 national budget presented to the National Assembly on Tuesday. “Putting it in a very awkward position,...
The Nigeria Labour Congress (NLC) yesterday rejected the newly introduced electricity tariff by the National Electricity Regulation Agency (NERC), adding that such move is unacceptable. NLC...
The federal government has directed an immediate investigation into the use of an unauthorized equipment by Aero Contractors Airlines at the conclusion of a charter flight...
Following a recent revelation that some three banks will need to raise their capital base in the first quarter of 2016, there are indications that some...
The naira on Friday finally strengthened against the dollar after weeks of free fall at the parallel market. The currency gained N10 to exchange at N270...
One of Africa’s largest telecommunications companies says it will challenge a hefty fine issued by Nigerian authorities. In a statement, the South Africa-based MTN Group said...
The naira continued its freefall on Thursday, crashing to 280 against the dollar at the parallel market. The naira, which was trading at between 241 and...
President Muhammadu Buhari has asked the National Assembly, to accommodate him to present the 2016 Appropriation Bill on December 22. The Chairman, Senate Committee on Media...
Nigeria’s naira fell 1.5 percent to a new low of 265 to the dollar on the unofficial market on Wednesday after the central bank rationed dollar...
The Central Bank of Nigeria (CBN), in its latest circular which sets out the new guidelines for the operations of Bureaux de Change (BDCs) operators, has...