Despite President Muhammadu Buhari’s strong insistence that his administration would not devalue the Naira, the opening of special Investors & Exporters’ (I&E) foreign exchange window amounts...
Total debts of electricity companies to various banks in the country still stands at a staggering N107bn, data from the Central Bank of Nigeria has...
By Odunewu Segun Unity Bank, one of Nigeria’s tier 2 commercial banks may be running on borrowed funds following its precarious financial situation and the huge...
The naira closed at 365 per United States dollar at the parallel market on Wednesday, the same rate it closed on Tuesday. This was despite...
The Naira sluggishly added N1 against the United States Dollar, exchanging at N364/$1, higher than the N365 posted on Friday at the parallel market. It was...
Stanbic IBTC and CRC Credit Bureau Limited have been asked to pay the sum of N50 billion as general damages to one of its customers,...
Governor of Imo State, Owelle Rochas Okoracha has been linked to the secret purchased of the Asset Management Corporation of Nigeria (AMCON) block divestment of...
Nigeria is joining China, the UK, and countries where cycling has become a major means of transportation as the National Council on Transportation approved a pilot...
The new Sorento is the first SUV from Kia available with the company’s new eight-speed automatic transmission. Designed in-house by Kia and launched in 2016, the...
Over the past seven months, the Central Bank of Nigeria had intervened in the FX market to the tune of $8,908,860,000 to help stabilize the...