Economy

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  CBN Fails to Meet Demand for Greenback at Auction

  Nigerian Naira depreciated marginally today as the CBN was unable to meet the demand...

  • Posted October 24, 2011
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  CBN cuts dollar reserve to stabilise Naira

  The Central Bank of Nigeria (CBN) will sell United States (US) dollars both directly...

  • Posted October 24, 2011
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  Frank Kokori Interview : If refineries work, we won’t talk about subsidy

  As the controversy generated by the Federal Government’s plan to remove fuel subsidy rages,...

  • Posted October 22, 2011
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  Nigerian interbank rates rise on low cash

  The Nigerian interbank lending rates climbed on Friday to an average of 14.50 percent...

  • Posted October 22, 2011
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  Fitch revises Nigeria’s rating outlook to stable

  Fitch yesterday revised the outlook of Nigeria’s credit rating to stable from negative, saying...

  • Posted October 22, 2011
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  FG Plans Relief Package for Shareholders of Nationalised Banks

  Angry shareholders of three bridge banks who lost their investments due to government’s acquisition...

  • Posted October 22, 2011
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  AMCON ends purchase of bad loans Oct. 31 – Chike Obi

  The Asset Management Corporation of Nigeria (AMCON) will complete the acquisition of non-performing loans (NPL) from...

  • Posted October 21, 2011
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  Nigeria’s Economy to Overtake South Africa by 2018

  Nigeria’s economy has been projected to be Africa’s biggest economy by 2018, overtaking South...

  • Posted October 20, 2011
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  Review allocation formula before removing fuel subsidy – Tinubu

  Action Congress of Nigeria (ACN) national leader, Asiwaju Bola Tinubu yesterday asked the Federal...

  • Posted October 17, 2011
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  AP Moller Maersk Planning Yuletide $130 Million Investment In Nigeria

  Danish super shipping firm AP Moller-Maersk has indicated it sees enormous potential in Nigeria...

  • Posted October 17, 2011
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