The Naira on Monday fell freely at the official interbank market to exchange at N350 to a dollar from N328 it traded last Friday. At the...
Bureau De Change (BDC) operators are openly disobeying the directive of the Central Bank of Nigeria (CBN) to sell dollars at not more than 2 percent...
After Mr Segun Oloketuyi took over the management of Wema Bank in 2009, the first phase of his turnaround strategy was to scale down operations to...
BY ODUNEWU SEGUN IN an apparent bid to shore up dwindling capital base under, most Deposit Money Banks have not only continued to introduce all sorts...
Ibe Kachikwu, minister of state for petroleum resources, says the federal government will review its current pricing template before it can implement any increase in fuel...
Nigeria’s overnight interbank lending rate rose to 13 percent on Friday from 10 percent as some commercial banks were unable to access credit lines due...
The Nigerian Communications Commission (NCC) on Friday said that the Value Added Service (VAS) segment of the telecommunications industry would reach $500 million in the next...
There are indications that due to the militancy in the Niger Delta region that has reduced Nigeria’s oil production, the Nigerian National Petroleum Corporation (NNPC) unveiled...
The House of Representative has passed through second reading of the bill to amend the Assets Management Corporation of Nigeria’s, AMCON, Act to make provision for...
Nigeria sold 99.12 billion naira ($312 million) in short-dated treasury bills at an auction on Wednesday, with mixed yields, data from the central bank showed on...