The Central Bank of Nigeria has approved an increase in the maximum amount that could be sold to the Bureau De Change operators from $30,000 to $50,000 per week. The decision was taken at the Bankers’ Committee meeting, which was...

The Federal Government is seeking investments worth $7bn in mining and steel over the next decade as it targets the development of gold and iron ore extraction industries to diversify the nation’s oil-dependent economy. One of the government’s priorities is...

The Federation Account Allocation Committee (FAAC) shared a total of N559 billion among the three tiers of government in July, this year being the statutory allocation for the month of June. The distributable monthly allocation marginally increased above N500 billion...

Recent report revealed that about 70 per cent of over N500bn raised from the Federal Accounts Allocation Committee in June came from the non-oil sector. This was revealed by the Executive Chairman, Federal Inland Revenue Service, Mr. Tunde Fowler....

There has been a general weakening of economic growth in emerging market economy, the security challenges including insurgency in part of the North East, high rate of unemployment, huge infrastructure and housing deficit among others characterized the Nigerian economic...

Genetically Modified Organisms (GMO) in layman’s parlance, are organism that have been tweaked, albeit, in a “good way.” Genetic modification, also known as “genetic engineering” is the technologically advanced way of selecting desirable traits in organisms. Modern biotechnology has...