The Senate on Thursday summoned the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, to appear before it next week Tuesday to explain the...
The Senate on Thursday accused the executive of smuggling copies of a doctored version of the 2016 Appropriation Bill into the upper chamber of the National...
The Senate has accused the Senior Special Assistant to President Muhammadu Buhari on Senate, Ita Enang, of changing the contents of the 2016 appropriation bill before...
The Central Bank of Nigeria (CBN) is currently proposing to replace Bureau De Change (BDC) operators with Travelex, a global foreign exchange dealer. According to the...
Nigerian authorities said today the country will not cut oil production even as nosediving crude prices caused by a global supply glut ravage revenue. US crude...
DIFFICULTY to accessing foreign exchange to bring in Completely Knocked Down (CKD) parts have started crippling tricycle and motorcycle assembling plants in the country with spillover...
The President, Dangote Group, Alhaji Aliko Dangote, has said the gas pipeline being built by the company will triple the country’s consumption of the resource. Dangote...
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...