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Anxiety as Naira Inches to N500/USD

There are growing concerns in the financial sector following indications that naira is closing in on 55 to 1$. It closed at N490/ USD1 in the parallel market, with dealers ...

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NEPC Accuses NIMASA of Withholding N300m Freight Fund


The Executive Director/Chief Executive of Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo has revealed that the Nigerian Maritime Administration and Safety Agency (NIMASA) is withholding 10 percent levies on ...

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CBN Gov’s Wife Regains Freedom After 3 Days With Kidnappers

After three days in kidnapper dean, the wife of the Central Bank Governor, Margaret Emefiele, has been released by her abductors. It was not clear if any ransom was paid ...

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VANSO Completes Merger With Interswitch, Set for New Growth Phase

Market leading mobile and security focused financial technology provider, Value Added Network Solutions (“Vanso”), has announced the acquisition of 100% of the equity in the company by Interswitch Limited (“Interswitch”), ...

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Past governments ran economy without recourse to liabilities– Adeosun

More reasons on why the economy plunged into recession have emerged. Speaking in Abeokuta, the Ogun State capital during a meeting with States Finance Commissioners Wednesday, the Minister of Finance, ...

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More FG officials confuse Nigerians on way out of recession


Beginning from late last year, the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele said government will soon sale non-performing national assets to raise fund to rejig the economy. ...

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CBN yet to reveal banks audit report

Considering high speculation on the would-be content of the ongoing stress test on commercial banks by the Central Bank of Nigeria (CBN), the apex bank has warned some segments of ...

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Merger of Customs, FIRS imminent–Report


If the recommendations of the National Tax Policy Review Committee are anything to go by, indications are rife that the Federal Government will merge the Federal Inland Revenue Service (FIRS) ...

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We don’t get 60% forex, MAN tells CBN, seeks sale of assets

The Manufacturers Association of Nigeria (MAN) has disclosed that barley two weeks after the Central Bank of Nigeria (CBN) said foreign exchange allocation to the real sector would be increased ...

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Budget Padding: Twist as Reps Suspend Jibrin For 180 Days

The House of Representatives on Wednesday suspended the immediate former Chairman, Committee on Appropriation, Abdulmumin Jibrin, for 180 legislative days following the adoption of the recommendations of the Nicholas Ossai-led ...

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