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...
Ayodele Fayose, governor of Ekiti state, has asked President Muhammadu Buhari “to hand over to Vice President Yemi Osinbajo” if he cannot find solutions to the...
Oil fell below $35 a barrel in New York for the first time since 2009 as Iran reiterated its pledge to boost crude exports, bolstering speculation...
The federal government has indicated that 2016 will be a tough and difficult year for the country. Minister of Finance, Kemi Adeosun, gave the indication at...
