The problem of gray-market handset will continue to be a big challenge not only in Nigeria, but in the whole of Africa and the Middle East regions up until 2015. Gray-market handsets are cell phones that are...

Non-availability of funds has stalled electronic monitoring of Nigerian crude oil production and exports at land terminals and Floating Production Storage and Offloading (FPSO) vessels, THISDAY investigation has revealed. The idea of computerising of activities in all...

Inflation rate in Nigeria rose to 12.8 percent year-on-year in March 2011, higher than the 11.1 per cent recorded the previous month, the National Bureau of Statistics (NBS) has said. Most analysts attributed the development to heavy...

Demand for the US dollar at the Central Bank of Nigeria (CBN) regulated Wholesale Dutch Auction System (WDAS) climbed by 43 per cent compared with the total amount offered by the regulator Monday. This was as a...

The Nigerian telecoms industry, acclaimed as the fastest growing in Africa, has once again, come under global scrutiny on account of recent activities in the sector. The renewed interest in the country’s telephony landscape is occasioned by...

The International Monetary Fund (IMF) is cautioning African countries to watch their spending during a year packed with elections in the region where rising food and fuel prices already pose a big threat to the poor. This...

In a bid to check abuse and to tighten the regulatory environment, the Central Bank of Nigeria (CBN) has insisted that microfinance banks in the country must comply with the new reporting format.   It said in...

The market capitalisation of equities at the Nigerian Stock Exchange, on Monday, rebounded to N8.086 trillion as investors scramble for Transcorp and banks’ stocks.   The market capitalisation had plunged middle of last month from the N8...

Nigerian stocks rose their most in more than one month on Monday to the highest since mid-March as the completion of presidential elections held the promise of renewed inflows of foreign money.   Although rioting erupted in...

U.S. Transportation Secretary, Ray LaHood,  said required rest time for air traffic controllers will be increased to nine hours to make sure they don’t fall asleep on the job. “We’re going to make sure that controllers are...