Economy

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  Oil companies owe FG N1.38tn – NEITI

  Oil companies operating in Nigeria owe the Federal Government over $7bn (N1.38tn), the Nigerian...

  • Posted August 18, 2015
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  Dollar scarcity: Banks cut customers’ card spending abroad

  Nigerian banks are fast running out of dollars to continue settling their foreign counterpart...

  • Posted August 18, 2015
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  Nigeria losing billions because citizens consume ‘ponmo’ rather than trade – Experts

  Mr Olufemi Aluko, of the Faculty of Clinical Sciences, Obafemi Awolowo University (OAU), Ile-Ife,...

  • Posted August 17, 2015
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  Oil slump hits Nigeria’s budget

  The sustained fall in global benchmark crude, which has continued to trade below Nigeria’s...

  • Posted August 17, 2015
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  Banned exports: Nigeria faces huge revenue loss

  Nigeria faces loss of revenue running into billions of naira from now till 2016...

  • Posted August 15, 2015
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  Investors still uncertain about Nigeria’s economic focus—LCCI

  The Lagos Chamber of Commerce and Industry is of the opinion that unveiling of...

  • Posted August 15, 2015
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  DMO sells N80bn debt at mixed yields

  The Debt Management office sold a total of N80.20bn ($403m) in bonds maturing in...

  • Posted August 15, 2015
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  Inflation rate remains 9.2%

  The National Bureau of Statistics on Wednesday released the Consumer Price Index for July...

  • Posted August 14, 2015
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  Naira firms on parallel market as CBN sells dollars

  The Central Bank of Nigeria (CBN) sold $80 million to bureaux de change (BDC)...

  • Posted August 14, 2015
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  Nigeria, others to attract $73.5bn foreign investments in 2015

  Following plans by United States retail giant, Walmart to enter Nigeria’s retail market, increasing...

  • Posted August 13, 2015
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