The Managing Director of the International Monetary Fund, Christine Lagarde, said on Tuesday that Nigeria was under severe economic stress. Lagarde, who was on a four-day...
Foreign Reserves Drop by $288m in 11 Days The nation’s foreign reserves fell by $288m in eleven days. Latest data obtained from the Central Bank of Nigeria...
Monday’s stoppage of foreign exchange sales to Bureau De Change operators by the Central Bank of Nigeria failed to lift the naira on Tuesday as the...
Equity investors in the country’s capital market in the first seven trading days of the year lost N804tn of their investment worth. Market capitalisation after the...
Crude oil dropped below $30 a barrel in New York for the first time in 12 years on concern that China’s market rout will affect demand...
Aliko Dangote, president of Dangote Group, has assured Nigerians that when his refinery is ready, the country would no longer need to import petroleum products. Speaking...
An explosion in the heart of Istanbul’s historic Sultanahmet tourist district killed at least ten people and wounded 15 on Tuesday and some local media reports...
The Federal Government is partnering states and local governments as well as private investors to build hundreds of petrol stations across the country in a bid...
For the 17th straight months, Japan posted another current account surplus in November, providing support for Prime Minister Shinzo Abe’s efforts to boost the world’s third...
The Central Bank of Nigeria (CBN) has formally announced that it would no longer sell dollars to Bureau de Change (BDC) operators. Since over 70 percent...