FG is focused and has clear economic plans - Lai Mohammed

15 July 2016

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government is very focused on the economy and has a definite economic plan.

''Those who think we do not...

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FG begins disbursement of part of N90 bn fresh loan to 35 states

10 July 2016

The Federal Government has begun the disbursement of the first tranche of the N90bn conditional loan facility to some of the 35 states that have so far applied for the loan.

The Minister of...

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No bank in Nigeria including Skye is distress - CBN

07 July 2016

The Central Bank of Nigeria (CBN) says no bank in the country is currently in financial distress.

In a statement released on Wednesday by Isaac Okorafor, acting director, corporate... Read More...

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BREAKING: CBN sacks Skye Bank MD, other top management

04 July 2016

The Central Bank of Nigeria today took over the management of Skye  Bank PLC.

The takeover of the bank by the CBN was confirmed after an emergency meeting with the bank’s executive in Lagos... Read More...

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Naira sees mixed fortune in the foreign exchange market

02 July 2016

The naira on Friday continued to lose steam against the dollar at the parallel market, in spite of the new forex regime, but it gained against the British pound. 

The Nigerian currency lost...

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Excitement over naira floating short-lived as economy sinks further - Bloomberg

30 June 2016

The excitement that greeted the latest foreign exchange policy introduced by the Central Bank of Nigeria may have evaporated sooner than it began, drawing the country back to the reality of... Read More...

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Bakers warn that price of bread will soon rise, hike cost of raw materials blamed

29 June 2016

Oludayo Tade, Ibadan

THE Association of Master Bakers and Caterers of Nigeria, Ibadan branch, has appeal to the Federal Government to assist it's members by ensuring the stability of price... Read More...

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15 states may go bankrupt as Imo state emerges poorest state in the South East - Report

28 June 2016

Recent report released by Economic Confidential, an economic intelligence magazine, shows that the poorest states in Nigeria are in the North with Imo coming tops in the South East. 

The...

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Naira falls against the dollar as second week of CBN flexible policy begins

28 June 2016

The naira fell to 351 to the United States dollar at the parallel market and slightly to 282 at the new interbank market on Monday.

Following the floating of the naira and the adoption of a... Read More...

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British Pound slumps to 30-year-low as exit from EU become certain

24 June 2016

The pound plunged to a more-than-30-year low against the dollar on Friday and the safe-haven yen surged as results of the referendum on whether to stay in the European Union (EU) showed the U.K.... Read More...

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