Between February 21 and June 21, 2017, the Central Bank of Nigeria has pumped a total of $7.136bn into the interbank and Bureau De Change segment...
Investigation by National Daily revealed that the telecoms sector may suffer a staggering loss of about $1.5 billion over the reconstruction of Wharf Road, Apapa, the...
The U.S. dollar eased 0.2 percent against the yen to 111.15, pulling away from a three-week high of 111.79 yen reached on Tuesday. The dollar...
The Director of Public Affairs at the Nigerian Communications Commission, Mr. Tony Ojobo has stated that data availability in Nigeria or any nation is significant, as...
By Odunewu Segun The Central Bank of Nigeria has replied those calling for further devaluation of the Naira, saying any devaluation would escalate inflation and worsen...
Central Bank of Nigeria (CBN) has directed the consortium of 13 banks involved in Etisalat Nigeria’s $1.2 billion loan to suspend further action on the indebtedness,...
By Odunewu Segun The debt crisis threatening to consume Nigeria’s fourth largest telecommunication firm, Etisalat, took a new twist during the week when the 13 lenders...
A leading stockbroking firm in Lagos provides an insight into the Etisalat loan imbroglio and how a default will affect the 13 Nigerian banks especially GTB...
Etisalat has repaid 42 per cent of the debt owed Nigerian banks and is not owing the humongous $1.2 billion, as being reported in the media....
Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has expressed worry that the gridlock being experienced by petroleum tankers and articulated vehicles on Apapa-Wharf Road...