Numerous narratives and buck passing predating the official pronouncement of the economy entering recession have been so entertaining, warped and quite unrealistic. Commentaries by captains of industry and financial cum economic technocrats blaming the CBN and the current administration...

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged the financial and business correspondents to endeavor to report the Nigerian economy in positive light. He noted that financial journalists should be conscious of the fact that foreign...

The Senate has rejected proposal to give bailout fund to airline operators in the country. Moving a motion tagged: “The looming crisis in the Nigerian aviation industry,” Senator Samuel Anyanwu (PDP, Imo ) said there was need for the federal...

The Senate has opened the probe into the alleged fraudulent repatriation of $13.92 billion from Nigeria by the Minister of Trade, Industry and Investment, Dr. Okechukwu Enelamah, in collusion with MTN Nigeria Limited, without authorisation. According to the Senate, MTN, in collaboration...

The naira continued to crash on the parallel FX market on Tuesday as it fell to N452 to the dollar, lower than the N445 to the dollar from the previous day as demand for the greenback continued to outweigh...

The third quarter (Q3) 2016 “Credit Conditions Survey Report” has revealed increase in secured and unsecured credit availability to households, small businesses and corporate entities, compared with the previous quarter. The report by the Central Bank of Nigeria (CBN) also...