Economy

Ghana Reopens Nigerians' Shops All the locked up shops owned by Nigerian traders in Ghana have been reopened except few ones whose owners were not...

NIMASA to Enforce Sulphur Limit on Bunker Fuel- Dakuku The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has...

AEMA: China-Africa Economic Relations, more Resourceful - AFDB •Injects $160bn loan, aid to Africa in 3 years •As Elumelu, Dangote, Dora Akunyili, others nominated for Africa...

OPS to discuss economic strategy for Nigeria at WorldStage Summit At a time when attention is majorly focused on politics, as Nigeria is getting ready...

Forex: CBN Boosts Market with $210mn The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange...

Egyptian Firm Plans Halal Meat factory in Kano Kano state government and Bovine Masters, an Egyptian investment company will soon sign a Memorandum of Understanding...

FAAC Shares N741.8bn to Tiers of Govt for August 2018 A total of N741.843 billion has been distributed as Federal Allocation for the month of...

CBN revokes Skye Bank’s licence, Polaris Bank takes over 1. You will recall that on 4th July 2016, we took a regulatory action on Skye...

NNPC Counters Police: We've No Hidden $470mn, N8bn in Commercial Banks · Our Accounts in full view of the Presidency, the Office of the Accountant-General...

Foreign Investors: CBN Allays Fear over Forex Sanctions The Central Bank of Nigeria (CBN) acknowledges the public interest over sanctions recently imposed on four deposit...

Presidency Accepts Adeosun's Resignation, Appoints Zainab Finance Minister President Muhammadu Buhari Friday accepted the resignation of the Hon. Minister of Finance, Mrs Kemi Adeosun. The...

NEITI: FG, States Shared N3.9tr in First Half of 2018 -Revenues in Q2, 2018 the highest since Q3, 2014 -Disbursements from VAT increased by 35% over...

FG Commences Works on Kankara-Gurbi Road Federal Government has commenced the process of completing the abandoned Kankara-Gurbi Road, a major highway in Ketare District of...

Osinbanjo at Dangote Business School, Tasks Youths on Entrepreneurship Vice President Yemi Osinbanjo has charged young Nigerian innovators and entrepreneurs to always be focused and...

Nigeria, China to sign $328m agreement on ICT President Muhammadu Buhari arrived Beijing to attend the Beijing Summit ­ of the Forum on China-Africa Cooperatio­n...

CISLAC Expresses Disappointment over Buhari’s Refusal to assent to the PIGB The Civil Society Legislative Advocacy Centre (CISLAC) expresses disappointment at the refusal of the...

CBN Slams N5.87bn on 4 Banks, MTN to Refund $8bn …Standard Chartered – N2.4 bn …Stanbic IBTC – N1.8 bn …Citibank – N1.2 bn …Diamond Bank – N0.25...

Farmers: CBN Flag Off Input Distribution to Cross-River Furtherance to its resolve to make agriculture regain an enviable position as a business venture rather than...

African Risk Capacity Appoints Non-Executive Directors The African Risk Capacity Limited (the ARC Ltd) has appointed three new Non-Executive Directors (NEDs) and a Special Advisor...

FAAC Shares N821bn to FG, States, LGs in July 2018 The Federation Accounts and Allocation Committee (FAAC) at its meeting shared the total sum of...