The Central Bank of Nigeria has removed the $250,000 weekly foreign exchange sales limit placed on bureaux de change operators in the country, according to the latest information from the bank. The development came one week after the Governor, CBN, Mr. Lamido...

Nigeria’s foremost conglomerate, Dangote Industries Limited, will invest $300 million (N50 billion) in local rice production to make the country self-sufficient and stop importation of the produce. The group’s President Aliko Dangote broke the news of the planned investment at...

Angered by its less than stellar performance in recovery of banks’ toxic assets after three years in business, Senators yesterday demanded a probe of the N5.6 trillion pumped into the Asset Management Company of Nigeria (AMCON) by the Central...

The minister finance, Ngozi  Okonjo- Iweala,  must ensure that the Nigerian National Petroleum Corporation (NNPC)  accounts for the alleged missing $10.2 billion. This is the position of  the Tax Payers Association of Nigeria (TAPAN). The association made its  position known...

The Trade Union Congress (TUC) of Nigeria has urged the finance minister, Mrs Ngozi Okonjo-Iweala, and director-general of the Budget Office, Dr Bright Okogu, to tell Nigerians how the foreign reserves of the country got depleted to the present...

•  Nissan to roll out SUVs in April President Goodluck Jonathan  Thursay in Davos, Switzerland,  disclosed that his administration was poised to rapidly develop Nigeria’s automobile industry. He said it would be achieved through the diligent implementation of the new National...