The naira fell against the dollar at the interbank foreign exchange market to an all-time low of 334.50 on Wednesday, a day after the Central Bank of Nigeria’s Monetary Policy Committee hiked interest rates to lure foreign investors back...

The Akwa Ibom State Government has denied receiving N17.8 billion as it statutory share of the federal allocation. The state Commissioner for Finance, Mr Akan Okon said N559.03 billion was distributed between the Federal, State and Local Governments by the...

Africa’s biggest mobile phone operator MTN Group said on Thursday its Nigeria unit is on track to list on the Nigerian Stock Exchange (NSE) in 2017 as part of an agreement with the Federal Government. MTN had said in June...

The Central Bank of Nigeria (CBN) has directed banks in the country to make their branches available for the Bank Verification Number (BVN) registration of farmers under its Anchors Borrowers’ Programme (ABP). In a circular posted on its website, the...

Stakeholders have commended the initiatives and approach that Dr. Dakuku Peterside has brought to bear on his leadership of the foremost maritime regulatory Agency, the Nigerian Maritime Administration and Safety Agency (NIMASA). At a well attended celebration of the 'African...

Three out of six ships waiting to berth in Lagos ports would discharge Premium Motor Spirit (PMS), otherwise known as petrol, the Nigerian Ports Authority (NPA) has said. The remaining three ships would berth with kerosene, bulk fertilizer and bulk...