N2.5m Fraud: EFCC Takes Over Fani-Kayode’s House
Femi Fani Kayode Officials of the Economic and Financial Crimes Commission (EFCC) have reportedly take over the house of former Minister of Aviation, Femi Fani-
SystemSpec Faults Fraud Allegation In TSA Management
Managing Director of SystemSpecs, Mr. John Obaro Seeks consideration for local content development After a long silence, the Chief Executive Officer of SystemSp
Nobody Who Ever Confronted Diezani Under Jonathan Survived – Emir Sanusi [VIDEO]
The Emir of Kano, Muhammad Sanusi II has revealed that the immediate past Minister of Petroleum resources, Diezani Alison-Madueke was untouchable during the adm
NCC Denies Writing To Bidders Over 2.6GHz Spectrum Auction
The Nigerian Communications Commission, NCC, has distanced itself from a letter purportedly written to some bidders/operators canvassing for Intention to Bid, I
Government To Save $4.5b Yearly Through Local Steel Production
Yemi Osinbajo Prioritises sectors to stimulate for local content, export By supporting growth of local steel producing facilities through capacity expansion and
Naira Drops Parallel Market; Dollar, Pound Sterling, Euro Now N320.5, N457, N361 Respectively
The Naira on Wednesday depreciated slightly, exchanging at N320.5 to the dollar at the parallel market. The NAN reports that the naira lost 50 kobo on Wednesday
Forex Scarcity Is Bringing Out The Best In Nigerians – CBN Governor
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele has observed that the current scarcity of foreign exchange, forex, confronting the country
Okorocha Asks ICPC To Prove Allegation Of Diverting N26.8bn Bailout Fund
Imo State Governor, Rochas Okorocha, has denied the allegation made against him by the Independent Corrupt Practices and other Related Offences Commission (ICPC
Nigeria’s Sugar Masterplan Has Date With 2016
Sugar cane farm …On Course To Increase Production In Nigeria, like in many parts of the world, sugar consumption for various uses is quite high; the situation
China To Start Importing From Nigeria Emefiele
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that there is an ongoing talks between the Federal Government and China to ena
Customs Revenue Drops By N2.7bn At Tin-Can Port
The Nigeria Customs Service (NCS), Tin-Can Island Command, had a revenue shortfall of N2.7 billion in the first quarter of 2016, compared with the corresponding
ICPC Confirms Diversion Of Bailout Fund By State Governor
The Chairman of Independent Corrupt Practices Commission, ICPC, Mr. Ekpo Nta, has disclosed that the commission was investigating a state governor for alleged d
Emir Sanusi Blames Nigeria’s Economic Crises On Jonathan’s Inability To Save
The Emir of Kano and former Governor of the Central Bank of Nigeria,CBN, Muhammadu Sanusi II, on Sunday, stated the inability of the past administration to save
Monthly Import Bill Averages N102 Billion, Says CBN
Emefiele Institutions must offer skills in self-sufficiency The nation's import-related demand for foreign exchange rose to N102 billion monthly, despite the sl
Interest Rate To Increase – CBN
The Central Bank Governor, Godwin Emefiele, on Saturday revealed that Nigeria's interest rate will increase due to the rising inflation rate. Emefiele disclosed
FG Plans On Yuan Forces Dollar Rate Down – Bureau De Change Association
The President, Association of Bureau De Change Operators of Nigeria, Mr Aminu Gwadabe stated the Federal Government's plan to increase the availability of renmi
Textile Industry: Still Comatose Despite Govt Interventions
• Aremu: Bailout Too Miserly • BoI Insists On Marginal Improvement Local production and consumption of textiles, in Nigeria predates colonisation of the cou
N1trn Mop Up: Driving Economy Harder
CBN ""• How Policy May Solve Forex Issue • Stakeholders urge CBN To Regulate Interest On Lending "" Economists often argue that excess liquidity in a countr
LCCI Advocates Liberalisation Of Forex Regime
Forex reserves The Nigerian Chamber of Commerce and Industry (LCCI) has advised the Federal Government to adopt a flexible exchange rate regime to enable the co
Senate Intervenes On Debts Owed GENCOs By FG
Senate President, Dr. Abubakar Bukola Saraki, has mandated the Senate Committee on Power to liaise with the Central Bank of Nigeria (CBN), Federal Ministry of F