Go after MMM promoters, Reps tell EFCC, CBN
The House of Representatives on Wednesday asked the Economic and Financial Crimes Commission and the Central Bank of Nigeria to immediately go after the promoters...
Markets Slump Following Trump Victory
United Kingdom (UK) and European markets were taking stock yesterday after sharp initial falls following Donald Trump’s victory. The FTSE 100 index fell 2% at...
NIBSS, banks, telcos unveil mobile payment solution, mCash
The Nigeria Interbank Settlement Scheme, NIBSS in collaboration with all the money deposit banks in Nigeria and the four major telecommunications operators, Etisalat, MTN, Airtel...
Industrialisation and the entrepreneurial revolution
In 2009, the United Nations Industrial Development Organisation (UNIDO) announced plans to conduct investor surveys in 22 African countries. A key goal of the survey...
FG, World Bank sign risk guarantee agreement for $500m Calabar gas plant.
The Federal Government and the World Bank have signed a Partial Risk Guarantee (PRG) agreement for the supply of gas to the $500 million Calabar...
Panic Grips Market As Naira Further Depreciates Rapidly
The naira tumbled to N470 against the United States dollar on Wednesday, down from N455 on Tuesday as fresh dollar shortage hit the official and...
NNPC :It is no longer possible to sell petrol at N145 per litre
The Nigerian National Petroleum Corporation (NNPC) on Monday said the price of petrol cannot remain at N145 per litre, owing to the current exchange rate....
IMF Affirms Nigeria as Africa’s Largest Economy among Others
Despite facing its worst economic recession in 29 years, Nigeria has been affirmed by the International Monetary Fund (IMF) as the biggest economy in Africa...
Oil prices fall on higher OPEC production
Oil prices fell yesterday after the Organisation of Petroleum Exporting Countries (OPEC) said its production had risen to the highest level in at least eight...
CBN: we’re committed to exchange rate stability
The Director, Monetary Policy Department of the Central Bank of Nigeria (CBN), Moses Kpughur, has expressed confidence in the ability of the apex bank to...