The naira slumped to a new all-time low of 470 to the dollar on the parallel market on Wednesday, posting its biggest daily decline since the...
Evolve Trading & Investment Limited with offices in the United Kingdom and Nigeria has signed a Memorandum of Understanding with Awaritse Nigeria Limited, a local oil...
The Federal Government owes oil companies at least a total of $8.06bn in unpaid cash calls, as the Nigerian National Petroleum Corporation failed to pay $3.06bn...
The Chairman of the United Bank for Africa (UBA) and Founder of The Tony Elumelu Foundation, Tony Elumelu, has called on all arms of governments across...
The Central Bank of Nigeria (CBN) wednesday settled OTC FX futures contracts on the interbank market to the tune of $180 million. The FMDQ OTC Securities...
Although Nigerian banks are contending with the effects on earnings of weak oil prices, shortages of US dollars, devaluation of the naira and slowing economic growth,...
Information and Communications Technology (ICT) stakeholders has expressed worries that Nigerians are losing jobs and contracts in the ICT sector to foreigners, describing it as capital...
Fitch Ratings has assigned Access Bank Plc long- and short-term ratings of ‘B(EXP)’ respectively to the bank’s updated $1 billion Global Medium-term Note Programme (GMTN). The...
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has said that the central bank’s development finance activities are focused on stimulating the economy. Emefiele...
Federal Reserve Chair Janet Yellen told lawmakers that the U.S. will continue to add jobs at a solid rate, though the recent average pace is probably...