Murtala Muhamed Airport RunwayThe Federal Airports Authority of Nigeria (FAAN) said on Saturday that the delay in passing the 2012 Appropriation Bill had stalled the lighting of the runways at the
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Nigeria will not raise benchmark interest rates as a result of the first round of inflationary effects from the removal of a fuel subsidy, Central Bank Governor Lamido Sanusi said on
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Contrary to expectations that inflation rate would rise in December 2011, the National Bureau for Statistics (NBS) said the tempo slowed to 10.3 per cent from 10.5 per cent in
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Nigeria’s naira trading ground to a halt on the interbank market as unions started a nationwide strike to protest an increase in gasoline costs, which are more than doubling, according to the
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Global rating agency, Standard Poor's, SP, yesterday, expressed confidence in the Nigerian economy, as it upgraded its outlook on the country's credit rating to positive, from stable. The
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President Goodluck Jonathan,Friday, allayed the fears on the state of the Nigerian economy, saying “the country is not broke.’’ Jonathan affirmed this during a media chat that was
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Nigeria's United Bank for Africa said on Thursday it will seek shareholders' approval to transfer its subsidiaries into a newly-formed holding company, in line with regulatory
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Nigeria has released $2 billion from its crude oil savings for 'various projects' and distributed more money in October to the three tiers of government than the previous month, the
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President Goodluck Ebele Jonathan has been commended by international investors for actions taken by his administration to make Nigeria much more attractive to multinational companies and other
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Nigeria is one of only three OPEC member states not to have a Sovereign Wealth Fund (SWF) - the other two being Iraq and Ecuador. A number of oil rich economies have put in place SWFs consisting
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