Nigeria has commenced discussions with the Islamic Development Bank (IDB) on how to obtain sukuk to probably fund the 2017 budget. Specifically, Nigeria is speaking with the investment arm of the […]
Business
We Didn’t Shut Down Access Bank Branch – Ekiti Govt
Ekiti State Government has dispelled the rumours that it has shut down the Ado-Ekiti branch of Access Bank Plc following last Monday’s attempt by agents of the Economic and Financial […]
NNPC Discovers 21 Wells Full Of Prospects Of Oil In Northern Nigeria
NNPC is putting last touches to a comprehensive framework designed to herald the intensification of exploration activities in the Chad Basin. According to the fresh reports, the petroleum corporation has so […]
Naira Maintains Gain On Parallel Market
The Nigerian Naira appreciated on the parallel market on Tuesday, following the introduction of Travelex to the Bureau De Change segment last week. The local currency rose N2 to N468 against […]
Nigerian Banking Industry In ‘Full-Blown’ Credit Crisis – Bloomberg
Nigeria’s banking industry is experiencing a “full-blown financial crisis” as failed fiscal and monetary policies lead to a credit crunch, according to Arqaam Capital. Unity Bank Plc and Skye Bank […]
Buhari’s Budget Minister, Udoma Doesn’t Know Nigeria’s Debt Profile
Udoma Udo Udoma, minister of budget and national planning, was left red-faced on Monday when he was asked about Nigeria’s total debt profile. The question was posed at him during […]
Nigerians Are Over Dramatizing Economic Recession – Rochas Okorocha
Governor Rochas Okorocha of Imo State, has expressed worry at the way Nigerians are over dramatizing the current economic recession. The Governor made his feelings known Monday, when he hosted […]
Ban On Importation Of Rice Is Still In Effect – Nigerian Customs
RICE IMPORTS REMAIN BANNED THROUGH THE LAND BORDERS Our attention has been drawn to publications on various online platforms indicating that the Nigeria Customs Service has reversed the ban on […]
Court Orders AMCON To Pay Ifeanyi Ubah’s Capital Oil N26.5bn
A Federal High Court sitting in Abuja has obligated the Asset Management Corporation of Nigeria (AMCON) to pay Capital Oil and Gas the sum of 26.5 billion Naira as contained […]
Western Powers Blocking Nigeria’s Power Solution – Adeosun
The Minister of Finance, Mrs Kemi Adeosun, has accused western powers of being a stumbling block to Nigeria’s plan to improve power output through the use of coal. Adeosun said […]
