Despite facing its worst economic recession in 29 years, Nigeria has been affirmed by the International Monetary Fund (IMF) as the biggest economy in Africa — ahead of South Africa and Egypt.... Read More...
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The Central Bank of Nigeria has approved a Special Secondary Market Intervention Retail Sales for airlines operating in the country to enable them to access foreign exchange.
The Deputy... Read More...
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The Central Bank of Nigeria (CBN) has suspended commercial banks in Nigeria except First Bank from selling foreign exchange directly to Bureaux De Change operators following their failure to... Read More...
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A stress test conducted by a Dubai-based international investment bank, Arqaam Capital, has indicated that seven Nigerian banks are undercapitalised to the tune of N1tn ($3.2bn).
It also... Read More...
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Nigeria has hunted down 700,000 firms that have never paid taxes as the country seeks new revenue sources to offset low oil prices that have pushed Africa's biggest economy into its first... Read More...
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Governors have expressed support expressed support for the plan proposed by the economic management team to steer the nation out of recession.
The economic team has proposed the... Read More...
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The Federation Account Allocation Committee (FAAC) has distributed to the three tiers of government the sum of N510 billion for the month of August.
Nigeria’s Minister of Finance, Kemi... Read More...
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What Nigeria is going through is a self inflicted, policy induced recession. It is a direct consequence of government's actions and inactions as regards the economy and this will stay with us for... Read More...
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The Federal Government says it is not all gloomy as the figures released by the National Bureau of Statistics suggest.
NBS on Wednesday through its statement, shown that Nigerian economy... Read More...
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The National Bureau of Statistics on Wednesday released the much-awaited Gross Domestic Product figures for the second quarter of 2016 with the GDP growth rate sliding further from -0.36 per cent... Read More...
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