In a bid to find other sources of revenue for the federal government following the decline in crude oil prices that plunged the Nigerian economy into...
The National Economic Council (NEC) has expressed support for the plans and proposals of the federal government to steer the country out of recession. Rising on...
The Nigerian banking sector’s profit fell by 28.4 per cent in the 2015 financial year, the just released Afrinvest 2016 Banking Sector Report showed. The report,...
The Central Bank of Nigeria borrowed N140.88bn ($448m) via short-dated Treasury bills at an auction on Wednesday, attracting lower yields across the board, except on the...
The naira hit a new record low of 436 against the United States dollar at parallel market on Thursday, down from 428 on Wednesday, as dollar...
The Nigerian Stock Exchange market capitalisation depreciated by N16bn at the close of trading on the Exchange’s floor on Thursday after it gained marginally the previous...
The Nigerian Electricity Regulatory Commission has told power firms carved out of the defunct Power Holding Company of Nigeria to comply with the agreements they entered...
The nation’s electricity woes may worsen in the coming weeks as liquidity and gas supply issues are threatening the operation of its biggest power station, Egbin....
The Federal Government has hunted down 700,000 firms that have never paid taxes as it seeks new revenue sources to offset low oil prices that have...
The country needs $15bn from asset sales and borrowing to revive the slumping economy and boost foreign reserves, according to Africa’s richest man, Aliko Dangote. Dangote...
