The Financial Times UK has described the economic policies of the President Muhammadu Buhari administration as the ‘height of foolishness’. The leading international business publication in an article by Steve Johnson, the deputy […]
Business
Oil Prices Surge 6% After OPEC Cuts Production For First Time Since 2008
The world’s leading oil nations – known as Opec – have struck a landmark deal at talks in Algeria that sees the countries agree to cut output and lift prices. […]
Buhari Orders NNPC To Intensify Oil Exploration In Northern Nigeria
President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation, NNPC, to increase the tempo on crude oil exploration activities in the northern part of the country. Group Managing Director […]
Anambra Vegetable Export To Europe Hit $5m
The executive governor of Anambra State, Mr. Willy Obiano is not letting up in his quest to diversify the economy of his state. Aside attracting many new industries to Anambra state, Chief Willy […]
GTBank Wins 2016 Euromoney Best Bank In Nigeria For The 8th Consecutive Time
Foremost African financial institution; Guaranty Trust Bank plc has once again reaffirmed its position as a leading global brand with its recent recognition as the ‘Best Bank in Nigeria’ at […]
CBN To Admit BDCs Into Interbank Market
The Central Bank of Nigeria (CBN) is considering admitting bureaux de change (BDC) operators into the interbank forex market, Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria […]
Naira Depreciates To N288 Per US1$ At New Official Market
The naira plunged by 31 per cent to 288.85 against the United States dollar on Monday at the close of trading at the newly established interbank market. The local currency […]
Forex Reserves Gain Positive Momentum, Rise For Five Straight Days
Nigeria’s foreign exchange (forex) reserves have maintained positive momentum this month rising slightly for five consecutive days. Data gathered from the Central Bank of Nigeria (CBN) website at the weekend […]
Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG
The Federal Government has ruled out any possibility of providing bailout funds to banks to boost their operations, following the gale of job losses in the banking sector in the […]
FG Plans Fresh Financial Relief Package For States
The Federal Government, Saturday, said it is finalizing a conditional Budget Support Facility to provide financial relief to State Governments based on the states meeting a set of stringent fiscal […]
