FG Records N397bn Deficit in May The Federal Government recorded N397 billion deficit in May due to slowdown in economic activities, which occasioned 48 per cent...
Growing anxiety about Bitcoin dominant status continued to weigh on the cryptocurrency. Bitcoin plunged below $2,000 for the first time in two months after a breakout...
Inflation Continues to Cool in June Cost of goods and services in Nigeria continue to moderate in June following the surge in forex liquidity in the...
Ford, Honda Recall 1.5 Million Vehicles Two automakers are adding more than one million vehicles to the growing Takata air bag inflator recall. Honda Motor Corporation...
Ambode kicks Off Tree Planting Programme Lagos State Governor Akinwunmi Ambode has kicked off this year’s tree planting season in Coker Aguda Local Development Area (LCDA)....
It’s Premature for OPEC to Cap Libya, Nigeria Oil Output The market is on a recovery track due to rising global demand, Kuwait’s Organisation of the...
Egypt to Receive $1.25 Billion Loan from IMF The International Monetary Fund, IMF, had perfect plan to grant Egypt a second instalment loan of $1.25 billion,...
Bank-to-bank Forex Deals Resume Banks can now directly sell foreign exchange (forex) to one another, without prior Central Bank of Nigeria (CBN) approval. The policy shift...
EFCC to Seize Diezani’s, Aluko’s Dubai Mansions Barely 48 hours after the US Department of Justice released details of how part of the $1.5billion oil production...
Presidency Insists no Senate Confirmation for Magu The row over the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, assumed a...