Don’t use foreign currencies for local transactions – CBN

The Central Bank of Nigeria (CBN) on Tuesday warned individuals and corporate organisations against the use of foreign currency to carry out transactions in...

External Reserves Lowest In 10 Years

Despite the restored confidence in the economy, Nigeria’s external reserves continued its steady decline, dropping by 13.7 per cent to $29.77 billion since the...

Japan emerges top Asian investor in Nigeria, African projects

CONTRARY to popular belief that China is the dominant Asian’s investor across the Africa continent especially Nigeria, a research by global law firm- Linklaters,...

Clarity on Economic policy Anticipated after Polls

Lagos - Analysts have projected the result of this weekend's general elections to have an impact on policies the Central Bank of Nigeria will...

Transport Infrastructure To Drive W.Africa Towards A Brighter Future

IT is ultimately transport infrastructure that has put West Africa en route to a brighter infrastructure future, says a Deloitte report. The Deloitte African Construction...

Repatriation Of Dollar Proceeds: CBN To Sanction Erring Exporters

Nigeria will enforce the repatriation of dollar-proceeds from exports and is planning sanctions against those not complying, Central Bank of Nigeria (CBN) governor, Godwin...

Banks in trouble

Nigeria’s banking sector is currently witnessing a shockwave, following economic decline caused by reduced oil revenue, investigations have revealed. This is coming at a time...

Real causes of fuel scarcity, by Okonjo-Iweala

President Goodluck Jonathan, yesterday, directed the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, to pay with immediate effect all...

Nigeria lost $2b FDI to elections’ shift—NAHCo boss

The Acting Managing Director of the Nigerian Aviation Handling Company (NAHCoAviance) Plc, Norbert Bielderman, on Monday in Lagos, said Nigeria lost over $2 billion...

Fuel scarcity hits Lagos, worsens in Abuja, others

Entrances to many filling stations in Lagos and other parts of the country remained shut to motorists on Sunday following a sharp drop in...

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