There are strong indications that the Federal Government is looking to review the commercial terms of deep-water Production Sharing Contracts in order to increase its share...
MTN on Wednesday withdrew its lawsuit against the Nigerian Communications Commission over N1.04tn ($5.2bn) fine and paid N50bn ($250m) towards a probable settlement. But the Federal...
The Central Bank of Nigeria needs to devalue the naira by adjusting the official exchange rate of N199/dollar to a more market-determined exchange rate, the International...
Ecobank Nigeria has sacked about 50 senior managers as part of its cost-cutting measures amid a challenging business environment. The top officials laid off by the...
The United Bank for Africa (UBA) Plc said it been awarded the ISO/IEC 20000-1: 2011certification from the British Standards Institution (BSI). The certification, which was awarded...
Foreign currency speculators, who launched an unprecedented attack against the naira in the last two weeks, got their fingers burnt on Tuesday when the nation’s currency...
THE Nigeria Interbank Settlement System (NIBSS) and banks in the country have spent over N400 million to provide incentives to promote adoption of electronic payment in...
Nigeria earned about N3.549 trillion from the oil and gas sector in eleven months, between January and November 2015, according to data obtained from the Central...
The naira rose to 375 against the dollar at the parallel market on Monday as the demand for the greenback began to drop. The demand for...
The scarcity of foreign exchange for importation of raw materials by local industries is adversely affecting the sector as over 50,000 workers have lost their jobs...