Naira hits the roof at inter-bank market

The naira on Friday strengthened against the dollar at the inter-bank market as the parallel market remained volatile. The Nigerian currency traded at N314.95 against the dollar in contrast with N338.75 it recorded at the […]

Economic Recession: Blame Jonathan – Sanusi

The Emir of Kano, Alhaji Muhammad Sanusi, on Wednesday attributed the current economic recession in the country to inability of the past administrations to diversify the economy. He made the remark while delivering a lecture […]

9 banks banned from further forex transactions

Nine of the deposit money banks in the country have been banned from further foreign exchange transactions for their refusal to remit outstanding $2.334 billion Nigerian National Petroleum Corporation (NNPC) funds in their coffers. The […]

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