…promises tax holiday for foreign investors President Muhammadu Buhari has told potential foreign investors that the current economic challenge the country is facing has opened a vista of investment opportunities even as he boasts that Nigeria remains the number one...

Global airlines are expected to post record profits of almost $40 billion this year, the head of industry body IATA said, but he warned the sector faced threats from terrorism, a sharp rise in oil prices and protectionism. Alexandre de...

The Emir of Kano, Muhammadu Sanusi II, joined the list of eminent Nigerians calling for sale of state assets to get the much-needed foreign exchange and shore up the nation’s fast-depleting external reserves. Sanusi, who spoke in Lagos as the...

The new management of Niger Delta Power Holding Company Limited has said it is determined to complete all ongoing projects being undertaken by the company. The Managing Director/Chief Executive Officer, NDPHC, Mr. Chiedu Ugbo, debunked the rumour that the NDPHC...

The management of the National Economic Reconstruction Fund has said it would engage the services of the Economic and Financial Crimes Commission in the recovery of its non-performing loans, which are estimated at about N17.2bn. Some 1,143 projects in the...

The country’s external reserves have depleted further to a record-low of $24.8bn, according to the latest data posted on the Central Bank of Nigeria’s website. The foreign exchange reserves fell by $600m in two weeks before shedding $1bn in four...