The naira tumbled to 402 at the parallel market on Wednesday, a day after the Central Bank of Nigeria banned nine banks from the foreign exchange...
The Nigerian stock market (equity category) depreciated by N438bn between August 24, 2015 and August 24 this year. The Nigerian Stock Exchange All-Share Index also slid...
The Central Bank of Nigeria is in the process of stopping issuers of dud cheques (returned cheques) from opening current account, the Deputy Director, Banking Supervision,...
The activities of pipeline vandals and oil thieves are taking a toll on the operations of the Nigerian National Petroleum Corporation as the oil firm suffered...
The Federal Executive Council on Wednesday approved the Medium Term Expenditure Framework and Fiscal Strategy Paper for 2017 to 2019, thus kick-starting the preparation of the...
Nigerian banks barred from the interbank foreign-exchange market may be fined and face the loss of customers and trading income, analysts at Lagos-based CSL Stockbrokers Ltd....
The 11 electricity distributions companies (Discos) in Nigeria’s power sector on Wednesday alleged that the inability of the Transmission Company of Nigeria (TCN) to wheel maximum...
Social Action, an economic and social rights group, has asked the federal government to not to sign the Economic Partnership Agreement, EPA, with the European Union,...
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...
Visa Incorporated has announced plan to launch a mobile payments solution, mVisa in Nigeria. The company said that it was in advanced discussions with leading Nigerian...