Banks have defied the recession as they continued to post huge profits in their third quarter results. Ten out of 15 quoted banks on the Nigerian Stock Exchange have submitted their unaudited results as of September 2016 where five out...

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that Kebbi and Niger states may generate two million metric tonnes of rice at the end of the season and reduce level of rice importation. Emefiele...

Vice-President Yemi Osinbajo has said Nigerians desire good governance, hence the need for the elite to unite for nation building. Osinbajo also disclosed that the Federal Government was working on a proposal on the establishment of the Diaspora Commission and...

The Central Bank of Nigeria (CBN) at the weekend, sold about N51 billion ($168 million) worth of treasury bills to mop up liquidity even as the overnight lending rate traded flat around 10 per cent, traders said. The bank sold...

There are indications that Ford Motor Company has suspended its planned exportation of 500 units of vehicles meant for the Nigerian market owing to the current economic recession. The United States automaker was said to have assembled the vehicles in...

Strong indications emerged that plans by the Federal Government to borrow $29 billion from external sources may face some hurdles, following the non-appointment of a substantive Auditor-General of the Federation (AGF). The Presidency submitted its proposal to borrow $29...