African countries focusing on improving socioeconomic growth and industrialization usually set aside a considerable budget for power. Egypt, Morocco, and Tunisia are the three African countries...
The Central Bank of Nigeria (CBN) resumes this week’s foreign exchange market intervention today with a disbursement of $240 million. Of the sum, $90 million is...
The Federal Government has raised duties on luxury goods such as yachts and Sport Utility Vehicles (SUVs) imported into the country.But also affected are some food...
The Nigerian Civil Aviation Authority on Wednesday directed Arik Air to return all delayed baggage of its passengers from London to Lagos within the next 24...
The Peoples Democratic Party (PDP) has asked the minister of finance, Kemi Adeosun, to apologise to Nigerians over a comment credited to her on the current...
The Peoples Democratic Party, PDP, on Tuesday, carpeted the President Muhammadu Buhari’s administration, saying the country’s economy fared better during the party’s 16-years than it is...
President Muhammadu Buhari on Wednesday administered the oath of office on his Economic Adviser, Dr. Adeyemi Dipeolu at the council chamber of the presidential villa in...
The Nigerian Stock Exchange reacted positively to the news of the unveiling of the new foreign exchange guidelines by the CBN last Wednesday as the market...
Pent-up demand for dollars may push Nigeria’s naira at least 20 percent weaker when the central bank allows the currency of Africa’s biggest economy to float...
The Nigerian naira fell to a record low on the black market on Tuesday, with dollars scarce and speculation rife that the central bank would soon...
First City Monument Bank (FCMB) has relieved 150 staff of their duties, a top official of the bank said on Monday. The official, who did not...
It start with south bound crude Oil prices. But it should have started much earlier. Public Authorities in Nigeria seem to have rediscovered the concept of...
