Nigeria is largest economy in Africa despite recession - IMF

19 October 2016

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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CBN approves special forex intervention for airlines

15 October 2016

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...

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CBN approves only First Bank to sell forex to BDCs, suspends other banks

13 October 2016

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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7 Nigerian banks are under capitalised - Report (See names)

11 October 2016

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...

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tunde fowler,

700,000 firms that never paid tax hunted down in Nigeria

24 September 2016

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 approve as plot to sell nation's assets thickens

23 September 2016


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...

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FG, States, LGs share N510bn for the month of August

23 September 2016

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...

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prof pat utomi

Nigeria is going through a self inflicted, policy induced recession - Prof. Utomi

05 September 2016

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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Nigerian economy will be better in second half of the year.- Presidency

01 September 2016

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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Its now official, Nigeria is in recession - NBS confirms

31 August 2016

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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