The Central Bank of Nigeria borrowed N212.85bn ($654.92m) in an auction of Treasury bills on Wednesday, with yields little changed from previous sales, data from the Debt Management Office showed on Thursday. The debt office raised N45.85bn of three-month paper...

The Manufacturers Association of Nigeria, the Lagos Chamber of Commerce and Industry, the Abuja Chamber of Commerce and Industry and other organised private sectors on Thursday called on the Federal Government to drastically slash interest rate in order to...

Another domestic carrier, First Nation Airlines, has suspended its operations, the Nigerian Civil Aviation Authority has said. This is coming less than 24 hours after Aero Contractors Airlines, Nigeria’s second largest commercial carrier, announced the suspension of its scheduled flight...

The Federal Government has signed two contracts valued at $5.1bn with the China Civil Engineering Construction Corporation for the construction and modernisation of rail lines in different parts of the country. According to the Federal Ministry of Transportation, the two...

The Federal Executive Council (FEC) has approved a new road map for the growth and development of the nation’s mining industry.‎‎ The Minister of Solid Minerals, Kayode Fayemi, told journalists after the FEC meeting that the road map sought to...

Africa’s richest man and Chairman of Dangote Group, Alhaji Aliko Dangote, has lost $5.4 billion in his fortune since this year, according to data obtained from Bloomberg Billionaires Index. Using an average exchange rate of N250 to a dollar, Dangote’s...