Nigeria’s external reserves continued its downswing in 2014 as it dropped to $41.907 billion at the weekend.Checks showed that the current value of the forex reserves represents a decline by four
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Lamido Sanusi Nigeria’s central bank governor has exposed a multibillion-dollar subsidy racket inside the state-owned oil company that may partly explain huge shortfalls in what Africa’s
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The central bank of Nigeria has felt the effects of its decision to relax the weekly limit on trading in dollars. Nigeria’s foreign exchange reserves have fallen 14% since last year's peak in
Read more ...Although the tapering of the US quantitative easing programme is beginning to ruffle frontier and emerging markets, the Nigerian Stock Exchange (NSE) is looking to build upon a strong 2013 and
Read more ...In its bid to boost the Nigerian economy, Ecobank Nigeria Plc has concluded arrangement to set up a microfinance department to support small business owners in the country.These groups of people
Read more ...Ghost workers Nigeria - Nigeria's federal government says it has identified 46,821 ghost workers in 215 of its ministries, departments and agencies, thanks to its newly-introduced Integrated
Read more ...Global chemical producer Indorama Corp. Pte Ltd. and African polyolefins producer Indorama Eleme Petrochemicals Ltd. have signed a financing package to construct a $1.2 billion greenfield urea
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The Central Bank of Nigeria (CBN) has revoked the licenses of 236 Bureau de Change operators in the country. This was made known in a circular issued by the apex bank on Wednesday titled:
Read more ...Nigeria’s annual inflation rate rose for the first month in four to 11.7 percent in October after the country’s worst floods in decades washed away farms and food stores. Inflation in
Read more ...Washington DC — By next week, precisely on Tuesday 6th November, America will decide who wins its presidential election which is keenly contested between Democratic Party candidate Barack Obama and
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