Oil and gas workers in southern Nigeria downed tools on Tuesday over the alleged non-payment of salaries, with the walk-out hitting production and threatening electricity supplies. At least... Read more
The Naira on Wednesday appreciated against the dollar at the interbank market. The Nigerian currency gained 50k to close at N304.50 compared to N305 it traded on Tuesday. At the Bureau De Ch... Read more
The Monetary Policy Committee (MPC) on Tuesday again retained interest rate at 14 per cent with all other policy parameters unaltered. The Central Bank of Nigeria (CBN) Governor, Mr Godwin E... Read more
The Naira on Tuesday weakened against the dollar few hours after the CBN maintained its benchmark interest rate and endorsed the crackdown on parallel market traders by security operatives.... Read more
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, said the allegation by some members of the public that the bank planned jail term for Nigerians keeping dollars at home was un... Read more
Minister of Finance, Kemi Adeosun on Tuesday said the Federal Government will present N6,866,335,052,740 as budget for 2017. She said this during a visit by members of the Senate Committee o... Read more
Royal Dutch Shell has resumed crude exports from the Forcados terminal in Nigeria’s restive Niger Delta following repairs after a militant attack, the Nigerian presidency said on Tuesd... Read more
A new report from the International Monetary Fund (IMF) has projected Nigeria as Africa’s biggest economy, in spite of its current challenges. Nigeria is placed ahead of South Africa and Egy... Read more
The Nigerian Independent Petroleum Company (NIPCO) on Wednesday announced the acquisition of 60 per cent stake in the downstream operation of Mobil Oil Nigeria (MON). Mr Venkataraman Venkata... Read more
While Nigeria’s five biggest banks share common credit challenges related to the slowdown in Nigeria’s oil and gas dependent economy, their ability to withstand weak economic growth and vola... Read more
