Manufacturers and other private sector operators on Tuesday painted a gloomy picture of how the foreign exchange restriction placed on 41 items by the Central Bank of Nigeria had affected operations in the business sector. […]
Nigeria’s Central Bank has barred nine commercial banks from all foreign exchange transactions and operations. CBN Governor, Mr Godwin Emefiele CBN Governor, Mr Godwin Emefiele The banks were barred for hiding some $2.12 billion belonging […]
Oil prices fell on Tuesday, extending the previous session’s sharp losses caused by prospects of another increase in supplies. Around 1200 GMT, Brent North Sea crude for delivery in October had lost 36 cents to […]
THE Organised Private Sector (OPS) yesterday hailed President Muhammadu Buhari’s move to seek emergency powers to push his government’s planned stimulus for the economy. According to the plan, the government is expected to send […]
When fully implemented, the Intended National Determined Contribution (INDC) and the Paris Agreement on Climate Change will grow Nigeria’s economy by five per cent yearly. It will also improve standards of living and electricity, and […]
Companies belonging to Donald Trump have at least $650 million in debt, more than twice the amount shown in public filings made by his presidential campaign, the New York Times reported Saturday. The paper employed […]
Facebook CEO Mark Zuckerberg has sold a very small portion of his Facebook stock. Mark sold 768,000 shares which was worth more than $95 million this month. The sale was made in accordance with Mark’s […]
The Reserve Bank of Malawi (RBM) says it has set its target of achieving six months import cover and single digit inflation by 2018. The development comes at a time when the country is struggling […]
The federal government on Friday said it was pursuing an aggressive spending stimulus plan to reflate the economy and set it on recovery path. Minister of Finance, Kemi Adeosun, told reporters that since the 2016 […]
West Ham United are delighted to announce the Club’s first ever official partnership in Africa, following the signing of a long-term agreement with Capital Oil and Gas Ind. Ltd, the principal investor in Nigerian Professional […]
The China-funded Mombasa-Nairobi railway in Kenya has won acclaims from African diplomats, who hailed it as an embodiment of thriving China-Africa ties. Thirteen African countries’ diplomats in Kenya, including ambassadors or high commissioners of Zimbabwe, […]
Nigerian pharmacists, under the aegis of the Association of Hospital and Administrative Pharmacists of Nigeria, have lamented the declining value of naira, saying it poses a threat to the delivery of health care in the […]
Air Marshal Sadique Abubakar, the Chief of Air Staff, has said that the Nigerian Air Force would soon launch an aerial operation to protect critical infrastructure and the people of the South South. Abubakar said […]
The Nigerian Police Force (NPF) has urged Nigerians to stop paying for tint permits for their vehicles.The police further urged citizens to report any officer who demands money from them for the permit.This was disclosed […]
Generation companies (GENCOs) in Nigeria have warned of an “imminent shutdown” in power nationwide if five demands are not met soon. Their demands published in newspaper adverts this week include payment of outstanding debts by […]
South Africa’s economy has displaced Nigeria as Africa’s largest economy in dollar terms following the devaluation of naira by over a third of its value after the central bank bank floated the West African country’s […]
Hundreds of thousands of commuters on one of Britain’s poorest-performing commuter rail lines are set for a week of misery from Monday after negotiations to avert a five-day strike by Southern Rail staff broke down. […]
For Nigeria’s cash strapped three levels of government -Federal, states and local governments- the chances of the tough times coming to an end soon may be brightening, as the devaluation of the naira could result […]
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