THE commemorative N100 banknote unveiled recently by the President Goodluck Jonathan will begin circulation on Friday this wee. The note will be officially issued into circulation by the Gov... Read more

Nigeria requires fresh injection of about $113 billion in six years for the development of nation’s Oil and Gas, Power and Transport sectors, the Director General of the Bureau of Public Ent... Read more

The Federal Government has once again revised its 2015 budget oil benchmark price to $65 a barrel, compelled by more-than-expected deceleration in global oil prices. The government had about... Read more

Namadi Sambo, NCP Chairman With just $252 million bid, a teleommunication consortium has clinched the the Nigerian Telecommunications Limited (NITEL) as the preferred bidder. If it is able t... Read more

The Central Bank of Nigeria (CBN) has increased support for the Nigerian currency naira as it aims to lift naira to near target band. Naira closed higher on Tuesday for only the second time... Read more

The Central Bank of Nigeria has raised its benchmark interest rate for the first time in three years and devalued the naira as tumbling oil prices sent the currency to an all-time low. The r... Read more

Nigeria’s central bank auctioned dollars at 162.50 naira at its official forex window, outside its preferred band of 150-160 and ahead of a key interest rate decision on Tuesday, Reute... Read more

Diamond Bank has got a major capital boost with Carlyle (CG) Group LP staking $147 million in the bank, which has been one of he most vastly-improving fianancial institutions in the country.... Read more

The Central Bank of Nigeria (CBN) has said it will begin a comprehensive review of electronic payment guidelines in the country as Nigerians adapt to the hugely successful cashless policy of... Read more