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Manufacturers Slam Banks For Forex Racketeering

Manufacturers Forex racketeering

Manufacturers have accused commercial banks in Nigeria of engaging in foreign exchange (Forex) racketeering, which …

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See The 11 Proofs That Show Recession Is Almost Over

almost over

The federal government of Nigeria has given 11 reasons why it believes that the economy …

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World Bank Agrees To Give Nigeria $2.5bn Loan

World Bank loan

The International Bank for Reconstruction and Development, better known as the World Bank has agreed …

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U.S. To Invest N314. 8bn On Nigeria Power Projects


The Coordinator, Power Africa, a U.S.-initiated energy project, Mr. Andrew Herscowitz, on Tuesday, Feb. 14 …

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Angola Overtakes Nigeria As Africa’s Largest Oil Producer

For the 3rd time in 10 months, Angola has overtaken Nigeria to become the largest …

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FG To Reposition Economy By Leveraging On ICT


The Ministry of Communications says the Federal Government of Nigeria is repositioning the country’s economy …

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FG Takes Over Arik Airline, Gives Lifeline

Arik airline

The Federal Government of Nigeria on Thursday 9, January 2017 announced a lifeline to financially …

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Economy Recovery Plan: Private Sector Operators Hail Stakeholders’ Involvement

Economy Recovery Plan

Private sector operators on Monday said Federal Government’s engagement of key stakeholders in the development …

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CBN To Penalise Banks For Borrowing Without Security


The Central Bank of Nigeria (CBN) says deposit money banks who borrow without adequate security will …

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Naira Hits All-Time Low Of N500 Per Dollar

all time N500

The Nigerian local currency, naira, on Monday, January 30, 2017, fell to an all-time low …

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