The naira depreciated against the United States dollar at the interbank market Wednesday as importers started to lock-in their hard currency needs at favourable rates. The nation’s currency closed at N160.26 to a dollar yesterday, compared to the N159.90 to...

The President of Dangote Group, Alhaji Aliko Dangote, has said that the Group is poised to make an additional investment totaling $US 34.7 billion in the economy by 2017. He also said the cement arm of the group will commission...

On May 11, 2011 the Nigerian Senate approved the Nigeria Sovereign Investment Authority Bill, 2010, which sought to establish a sovereign wealth fund to manage excess profits from the country’s sale of crude oil. Before then, it had been...

Since men have learnt to shoot without missing, Eneke the bird has learnt to fly without perching. This seems to be the approach adopted by Nigeria’s urbane Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina to tackle head-on...

THE Central Bank of Nigeria (CBN) rose in stout defence of the value of the Naira last week as it expressly proscribed the importation of foreign currencies by banks. This definitive move came on the heels of the regulator’s...

World Bank report released at the weekend has said remittances from Nigerians currently in the Diaspora are estimated to increase up to $21 billion (N3.28 trillion) for the 2013 fiscal year. The report reveals that Nigeria has a strong and...