An Ad hoc Committee of House of Representatives on the Reduction of Petrol Prices on Monday summoned Central Bank of Nigeria (CBN) governor, Godwin Emefiele, to appear before it over alle... Read more
The Central Bank of Nigeria has taken measures to plug loopholes in the foreign exchange market to forestall abuses especially by banks. In this light, the regulator has tightened its opera... Read more
Efforts by the Economic and Financial Crimes Commission (EFCC) to freeze the personal accounts of Ekiti State Governor, Mr Ayodele Fayose with the Zenith Bank Plc were rebuffed by the Federa... Read more
The claims by the Nigeria Customs Service that the two Bell 412 helicopters handed over to the Nigerian Air Force on Friday in Lagos were imported by yet-to-be-identified importers have been... Read more
Nigeria’s central bank lashed out at critics of its efforts to prop up the naira and said that weakening the currency would only harm poor people. “Intelligence reports at the disposal of th... Read more
Nigerian the government is appropriating one of Africa’s richest oil blocs and will prosecute petroleum giants Shell and Eni in a $1.2 billion corruption scandal that has drawn inves... Read more
Minister of power, works and housing, Babatunde Fashola, has blamed lack of funds and vandalism for declining power supply across the country. According to him, the debts owed contractors wa... Read more
The anti-corruption crusade of President Muhammadu Buhari has made no remarkable impression within and outside the country as Nigeria stuck stubbornly on position 136th out of 176 countries... Read more
The Central Bank of Nigeria hold its benchmark interest rate unchanged at 14 percent at its January 2017 meeting, saying the economy remains in recession and inflationary pressures have yet... Read more
The Imo State Government is set to launch Imo Air to be operated by Dana Airline, in a partnership deal. Dana Airline Communications Manager, Mr Kingsley Ezenwa, made this known in a statem... Read more