NPDC Owes Federation $5.531bn, N72.435bn, Says NEITI The Nigerian Petroleum Development Company owes the federation the sum of $5.531bn and N72.435bn, the Nigeria Extractive Industries Transparency...
New Lottery Scheme’ll Fetch FG N50bn Annually – NLRC The Federal Government is set to earn around N50bn annually from a new lottery scheme called NaijaBillionaire....
CBN Releases $100m, Naira Rises to 397/$ The Central Bank of Nigeria on Thursday offered $100m in currency forwards, to be settled within 60 days, currency...
FG Recorded N3.21tn Fiscal Deficit in 2016 The Federal Government recorded a fiscal deficit of N3.21tn in its operations last year, figures obtained from the Central...
CBN, NDIC Warn against Ponzi Schemes The Nigeria Deposit Insurance Corporation (NDIC) thursday in Enugu warned Nigerians against patronising various ponzi schemes and other forms of...
German Factory Orders Recover as Economic Momentum Strong German factory orders rebounded from their steepest decline in eight years in a sign the recovery in Europe’s...
Naira Overvalued by 20%, Says IMF The International Monetary Fund has said Nigeria’s economy needs urgent reform. In a in a report published on Wednesday, it...
Banks’ Non-performing Loans Hit N2tn – CBN The challenging economic situation in the country made the banking industry’s non-performing loans ratio to rise from N1.678bn in...
Stock Market Reverses Losses as Mobil, Others Rise The equities market of the Nigerian Stock Exchange pared its recent losses on Wednesday, with the market capitalisation...
Forte Oil, 18 Others Push NSE Index Lower The equities segment of Nigerian Stock Exchange extended its declines on Tuesday as 19 stocks led by Forte...
