There is growing concern about the financial health of Deposit Money Banks (DMBs) in the country, as a good number of them have continued to sack workers contrary to assurances of the Bankers’ Committee. New Telegraph’s investigation revealed that bank...

President Muhammadu Buhari’s bid to borrow $29.96 billion suffered a fresh setback yesterday as Senate President Abubakar Bukola Saraki declared that the position of the National Assembly on the matter remained unchanged. Saraki spoke amid speculation that his meeting with...

• Revenue from sale of white products drops to N96.06b The average price of Household Kerosene (HHK), often shortened as kerosene, was highest in Sokoto, Taraba and Yobe, where the price in most other states was N293 per litre. Average kerosene...

The Central Bank of Nigeria (CBN) has disbursed $660.17 million to 1,342 manufacturers, power and other real sector operators for the procurement of raw materials, plants and machinery, foreign exchange (forex) utilisation report by apex bank has shown. The funds,...

The four refineries belonging to the Federal Government may end up as scrap once the Dangote Group begins processing crude oil at its refinery in Lagos by 2019, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has...

The House of Representatives defended its decision to buy exotic cars for its 360 members at a period the country’s economy is in recession. It said lawmakers must have a means of mobility while carrying out oversight duties over Ministries,...