Friday Olokor and Leke Baiyewu The Emeritus Archbishop of Lagos, Cardinal Anthony Okogie, has said President Muhammadu Buhari must do something fast to address hunger Read more
Nigeria’s banking industry could face significant liquidity pressures if the Central Bank of Ni-geria (CBN) enforces its directive that eight banks should refund the Nigerian Read more
By Femi Asu The nation’s foreign exchange reserves have increased by $595m to hit a one-month high of $26.196bn, the latest data from the Central Read more
The contract for expansion of largest single hydropower station in Nigeria, the $3.2 billion Mambilla Hydropower project, signed in 2007, has risen to $6 billion Read more
A former Governor, Central Bank of Nigeria, CBN, Prof. Charles Soludo, said, yesterday, that the economic recession Nigeria is experiencing was self inflicted, insisting that oil, Read more
Olalekan Adetayo, Abuja President Muhammadu Buhari on Sunday assured the international community that Nigeria will be one of the first 100 countries on the World Read more
LAGOS (Reuters) – Nigeria’s naira was quoted at an all-time low of 412 per dollar on the parallel market on Friday as a dollar shortage Read more
Former Central Bank of Nigeria (CBN) Governor, Prof. Charles Chukwuma Soludo, has observed that the ruling All Progressives Congress (APC) government has no master plan Read more
LAGOS (Reuters) – Nigeria’s naira was quoted at an all-time low of 409 to the dollar on the black market on Thursday, compared with 402 Read more
ABUJA Aug 25 (Reuters) – Nigeria’s distributable revenues to the three tiers of government fell in July to around 444 billion naira after 559 billion Read more
The Federal Executive Council (FEC) on Wednesday in Abuja approved the Medium Term Expenditure Framework (MTEF) and Fiscal Strategic Paper (FSP) for 2017 to 2019. Read more
CBN to banks: Dedicate 60 of forex to manufacturers Banks and other lenders have begun a recovery programme to recoup loans and debt from the Read more
In a desperate bid to convince Nigerians on who is better suited to run the country, the ruling All Progressives Congress and the Peoples Democratic Read more
(Adds closing rate, trader comment) LAGOS Aug 22 (Reuters) – Nigeria’s naira closed firmer on the interbank market on Monday after the central bank sold Read more
Sun International joins South African exodus from Nigeria * South African hotel, gaming group ends Nigerian ambitions * Weak economy, shareholder dispute weighed on business Read more
The Federal Government Sunday said it is targeting 9,500 youths in the first phase of its Youth Empowerment Programme across the country. Acting Director General Read more
ABUJA (Reuters) – Nigeria’s government is to allocate 60 billion naira ($180 million) more spending on capital projects as part of the 2016 budget and Read more
ABUJA (Reuters) – Nigeria will need to combine monetary policies with fiscal and structural policies in order to overcome its worst economic crisis in decades Read more
The Nigeria Customs Service (NCS) lost N551.3 billion revenue in the first half of the year, New Telegraph has learnt. The summary of revenue figure Read more
Crude oil production levels in Nigeria, Africa’s one time largest producer, has fallen to between one million and 1.2 million barrels daily, wrecked by militancy Read more
•Plead he fights hunger too, not only corruption •Past govt failed to save for rainy day—FG •Says genuine effort being made to revamp economy By Read more
Olalekan Adetayo, Abuja President Muhammadu Buhari on Thursday said Nigeria has suddenly become a poor country as a result of the sharp drop in price Read more
DUBAI Aug 11 (Reuters) – Saudi Arabia will work with OPEC and non-OPEC members to help stabilise oil markets, it said on Thursday a month Read more
• Experts fault assessment criteria Nigeria has lost its position as Africa’s largest economy to South African in dollar terms. This came as the rand Read more
Militants Bomb Oil Installations Shell Declares Force Majeure On Gas Supply United States major oil company, Chevron, yesterday evacuated workers from its Escravos tank farm Read more
Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the Federal Government was not contemplating any further Read more
By Chijioke Ohuocha LAGOS (Reuters) – Nigeria’s central bank is to allow banks to write-off bad loans this year that they have already made provisions Read more
Nigerians should prepare for another increase in the pump prices of petrol, due to the continued scarcity of foreign exchange to finance the importation of Read more
More oil workers, specifically big shots, are expected to join over 20,000 workers sacked in the oil industry, as the debt woes of International Oil Read more
The Nigerian Customs Services has seized arms and ammunition imported into the country from the United States and Europe, on 17 different occasions at the Read more
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