Some banks on Wednesday clarified their positions on the alleged suspension from the foreign exchange market transaction by the Central Bank of Nigeria over alleged non-remittance...
African Development Bank has approved $300 million and $50 million loans to First Bank of Nigeria and FSDH Merchant Bank Nigeria respectively to support import-export activity...
The Central Bank of Nigeria (CBN) yesterday said the Federal Government has slashed its budget by 50 per cent, lamenting that the development has seriously affected...
Manufacturers and other private sector operators on Tuesday painted a gloomy picture of how the foreign exchange restriction placed on 41 items by the Central Bank...
The Transmission Company of Nigeria has said its on-going five year expansion programme, designed at expanding electricity transmission capacity to 11,500 Megawatts by 2019 will require...
The federal government has been advised to review and redefine its policies and regulatory frameworks for the micro, small and medium enterprises (MSMEs) in the country...
The Minister of State for Solid Minerals Development, Mr. Abubakar Bawa-Bwari, said on Thursday that the Federal Government had spent over $10bn on the Ajaokuta Steel...
Global oil benchmark, Brent crude, hit an eight-week high on Thursday as the world’s biggest producers prepared to discuss a possible freeze in production levels. Brent,...
Ghana second commercial oil field, the Deep Water Tweneboa-Enyenra-Ntomme, will start pumping oil on Thursday. Joe Mensah, Vice-President and Country Director for American oil exploration company,...
Following the free fall of the naira against the United States dollar, the cost being incurred for the purchase of gas for power generation has risen...
