Economy

• Headline Inflation Driven Up To 10.3% By Food and Electricity Prices

  According to figures released by the National Bureau of Statistics in Abuja, headline inflation...

  • Posted October 14, 2011
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  President Goodluck Jonathan sacks 10 agencies from ports

  President Goodluck Jonathan yesterday  approved the sack of 10 agencies from the nation’s seaports. The...

  • Posted October 11, 2011
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  Nigeria cannot develop without borrowing – Bismarck Rewane

  The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited (FDC), Mr. Bismarck...

  • Posted October 7, 2011
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  CBN in fresh probe of seven banks

  The Central Bank of Nigeria (CBN) has started the second round of examination into the foreign...

  • Posted October 6, 2011
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  Reps to investigate NNPC’s remittances to Federation Account

  The House of Representatives yesterday adopted a motion mandating its joint Committee on Finance,  Petroleum...

  • Posted September 23, 2011
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• CBN increases lending rate to 9.25 per cent

  The Central Bank of Nigeria yesterday increased the benchmark lending rate by 50 basis...

  • Posted September 20, 2011
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• Money supply hits N12.5b – CBN

  The Central Bank of Nigeria (CBN) has released statistics for August, which saw the M2 Money...

  • Posted September 19, 2011
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  After Nigeria, Brazil may be next to diversify into yuan

  Brazil may follow in Nigeria’s footsteps and diversify its foreign exchange reserves into yuan,...

  • Posted September 16, 2011
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  Nigeria 2012 budget will be ready by Nov – Okonjo Iweala

  Nigeria 2012 budget will be ready by next month or in November this year, the Co-ordinating...

  • Posted September 12, 2011
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  N3 trillion: Official Cost of bank bailout – CBN

  Over N3 trillion has been spent in resolving the  banking crises that have seen 10...

  • Posted September 9, 2011
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