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Business & Economy
BAIL: 151 days after, Emefiele returns home to family, friends
Maureen Aguta
Detained former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, Wednesday arrived his Abuja home to the awaiting hand of family members and friends, after being released on bail by an Abuja…
Devaluation: Naira set to appreciate in coming days—Ogunsowo
Joseph Irikefe
Nigerian currency free fall against the US dollar in the foreign exchange official and black market is over, says Olusegun Ogusanya, Airtel CEO, while addressing the company's recent losses…
Tinubu seeks Senate approval to borrow $8 billion
Maureen Aguta
President Bola Tinubu on Wednesday asked the Senate to approve nearly $8 billion in new debt as part of a 2022-24 external borrowing plan to finance infrastructure, health, education and security.…
Morgan Stanley downgrades, reclassifies Nigeria’s index to stand alone
Joseph Irikefe
Morgan Stanley Capital International, (a provider of benchmark indexes and multi-portfolio analysis tools) announced the reclassification of MSCI Nigeria indexes from Frontier Markets to Standalone…
Nigeria’s economic crisis deepens as foreign suppliers reject letters of credit
Maureen Aguta
Several Nigerian businesses that rely on imports have been cut off by their foreign suppliers who are rejecting letters of credit (LC) and refusing to deliver goods without payment as foreign currency shortages…
Govt under APC set Nigeria 40 years backward–Sanusi
Maureen Aguta
Former Central Bank Governor, Muhammadu Sanusi, has said the All Progressives Congress-led Federal Government has set Nigeria 40 years backwards economically.
In an interview on Arise TV monitored by Advocacy…
REVEALED: CBN under Emefiele borrowed $13.8bn from foreign banks
…Used foreign reserves as collateral
Data from the seven years financial statements recently released by the Central Bank of Nigeria (CBN), revealed an accumulated debt totalling $13.8 billion.
Further examination discloses…
2023 Census: How NPC spent N200bn on preparations
The National Population Commission (NPC) on Friday said that the commission had spent no less than N200 billion over a period of eight years in preparation for the national census slated to hold this year.
The NPC’s Director of Public…
Nigeria Air: I didn’t ask for 5% shares, lawmaker tackles Sirika
The Chairman, House of Representatives Committee on Aviation, Nnolim Nnaji, has denied asking for a five per cent equity in Nigeria Air.
The lawmaker inferred that the ex-minister of Aviation, Senator Hadi Sirika, ‘is a drowning man…
Why we want PSTT at Lekki deep seaport -Jime
The Executive Secretary/ Chief Executive of Nigeria Shippers’ Council (NSC), Mr. Emmanuel Jime has expressed the urgent need for the establishment of the Port Standing Task Team (PSTT), at the Lekki Deep Seaport in Lagos, saying the new…