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...
By Odunewu Segun As part of its engagement initiative to drive financial inclusion, FirstBank is organising Campus Storms to provide students and the Ivory Towers communities...
Nigeria spent N2.596 trillion to import 24.4 billion litres of petroleum products consumed in the country last year, a report released by the National Bureau of...
By Odunewu Segun Governor of Central Bank of Nigeria, Godwin Emefiele has denied the allegations of multiple forex rates by the apex bank, insisting that the...