Recession: Buhari to launch economic recovery plan in February – Osinbajo
The President Muhammadu Buhari-led Federal Government, on Wednesday said plans have been concluded to launch its economic recovery plan...
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CBN commences sale of forex to BDCs
The Central Bank of Nigeria (CBN) started auctioning 250 million dollars to 3147 registered Bureau De Change (BDCs) nationwide on...
MMM: CBN lectures Nigerians on dangers of Bitcoin, others
The Central Bank of Nigeria, CBN, has advised Nigerians against the use of virtual currencies, including bitcoin, ripples, litecoin....
Dollar scarcity: Be more creative – Presidency tasks Nigerians
Following the scarcity of the United States dollars in the country, the Senior Special Assistant, SSA, to President Muhammadu Buhari on...
National survey reveals stakeholders’ dissatisfaction with Contributory Pension Scheme
A national survey on the Contributory Pension Scheme established over a decade ago by the Federal Government has revealed the...
CBN to meet BDC over unstable exchange rates
The Central Bank of Nigeria (CBN) will hold a meeting with operators of Bureau De Change (BDC) today to help proffer solutions towards...
C’River Govt loses N130m revenue to ghost Cocoa farmers – Gov’s Aide
Cross River Government lost over N130 million revenue in 2016 due to allocation of cocoa farms to ghost farmers, Mr Oscar Ofuka, Special...
Recession: Naira may exchange for 520 to dollar this year – Financial expert, Rewane
The Chief Executive Officer of the Financial Derivatives Company Limited, Mr. Bismarck Rewane has predicted that the Nigerian currency,...
Credit rating agency predicts 2.5% GDP growth for Nigeria in 2017
One of the world’s leading credit rating agencies, Moody’s Investor Services, has said Nigeria’s GDP will grow by 2.5% in 2017. This was...
I was overthrown in 1984 for devaluing the naira – Buhari
President Muhammadu Buhari has restated his resolve not to devalue the naira or increase the price of fuel. He made this known in Abuja...
Naira among four worst global currencies in 2016
A report by Bloomberg LP has rated Nigeria’s naira as one of the world’s four worst performing currencies in 2016. The naira is said to...
Naira exchanges for N490 per dollar at parallel market
The Naira on Wednesday weakened to N490 to a dollar at the parallel market after appreciating to N485 to a dollar during the Christmas...
Ambode says Lagos will become Africa’s third largest economy
Lagos State Governor, Akinwunmi Ambode, has said that one of his administration’s major aim is to make the state the third largest...
Naira may hit N500 to dollar next week
The naira has continued to depreciate and may hit the 500 mark to the United States dollar at the parallel market next week. This is as...
Naira falls against dollar
The Naira on Wednesday fell further to N492 to a dollar at the parallel market, from N490 it closed on Tuesday, the News Agency of...
How Lagos generated N287bn IGR despite recession – Ambode
The Lagos State Governor, Akinwunmi Ambode, has thanked tax payers in the State for performing their civic obligations in 2016. Ambode...
Economic recession will end in 2017 – President Buhari
President Muhammadu Buhari has expressed optimism that the current economic recession will ebb in 2017. Speaking Monday, in Abuja while...
PETAN honours Shell, MD SNEPC
The Petroleum Technology Association (PETAN,) an association of indigenous technical oilfield service companies in the upstream and...
Nigeria’s foreign reserves hit five months high at $25bn
For the first time in five months, Nigeria’s foreign exchange reserves has returned to the $25 billion it was before plunging to an...
Access Bank wins triple honours at EMEA Finance Banking Awards
Foremost African financial institution, Access Bank Plc. has emerged as Nigeria’s biggest winner at the 2016 EMEA Finance Banking Awards...
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