The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has given reasons why the bank cannot cut the interest rate which is currently at 14...
By Odunewu Segun Hyundai Motor Company, South Korea’s largest automaker, has announced its 2016 full-year business results. Sales volume and operating profit declined from the same...
The Nigeria Independent Tobacco Association (NITA) has decried multiplicity of regulations within the tobacco industry, adding that the action will distort the market and create unnecessary...
Following the Central Bank of Nigeria’s decision to retain key rates at its last Monetary Policy Committee meeting on Tuesday, investors have staked N2.434billion on 190...
The Central Bank of Nigeria (CBN) has called on all commercial banks in the country to submit the backlog of dollar demands from fuel importers, airlines,...
By Odunewu Segun FirstBank, Zenith and three other banks dominated the Central Bank of Nigeria’s 1.1bn foreign exchange utilization in the month of November, 2016, National...
Minister of Power Works and Housing Babatunde Fashola yesterday explained why there is poor power supply in the country. He spoke to State House reporters after...
The Federal Executive Council (FEC) on Wednesday approved the upward review of contract for the completion of the Odogunyan transmission substation in Ikorodu, Lagos. The contract,...
By Odunewu Segun By downgrading Nigeria’s long-term foreign and local currency issuer default ratings (IDRs) to negative from stable, putting it at ‘B+’, Fitch Ratings is...
By Odunewu Segun About 22 banks in the country may come under scrutiny following discrepancies in stamp duty remittance into the Stamp Duty Account with the...