The National Bureau of Statistics (NBS) has said that Consumer Price Index (CPI) which measures inflation has further climbed five notches as it hit 17.6 percent in August compared to 17.1 percent recorded in the month of July 2016. In...

A rail track expert, James Akpoviroro, says Nigeria looks good to witness a speedy transformation of its railway system if the Federal Government maintains its focus on the transport mode. Akpoviroro also advocated the conversion of the old railway gauge...

The Anambra State Governor, Chief Willie Obiano, has said that the naira will continue to fall against the dollar till it reach N500 to the greenback. Obiano said this during the commencement of the Anambra State Fire and Safety Summit...

Nigeria raised N121bn ($372.88m) in an auction of local-currency bonds on Wednesday, with yields higher across the board, according to briefs from the Debt Management Office. The debt office sold N15bn of 2021 paper at 15.14 per cent at Wednesday’s...

The Central Bank of Nigeria has asked state governments that do not have industry banks to facilitate the establishment of such to speed up industrialisation and economic development in the country. The Assistant Director, Development Finance Department of CBN, Abuja,...

The Federal Government borrowed N183.24bn via Treasury bills at an auction, with mixed yields on all the tenors, data from Debt Management Office showed. The DMO raised N48.10bn of three-month paper at 14 per cent, down from 14.38 per cent...