The naira plunged to 400 against the dollar at the parallel market yesterday as shortage of foreign exchange continued to have negative effects on economic activities in the country. The local currency had closed at 390 against the greenback on...

The naira crashed to N390 to the dollar from 382 at the parallel market as the scarcity of foreign exchange worsened yesterday. The local currency has been under persistent pressure against the greenback owing to dollar scarcity at both the...

Economists has called on the Federal Government to stimulate the level of exports of goods and services in order to take the country out of recession. The economists said at a monthly round-table in Abuja on the Nigerian economy that...

The Emir of Kano, Muhammad Sanusi II, has advised the Federal Government not only to recover looted funds from individuals and groups, but should also prosecute culprits to serve as a deterrent to others. He gave the advice in a...

Chevron and Eni, two of the global oil majors operating in Nigeria, and their local counterparts such as Seplat and Oando may have been worst hit by the production disruptions occasioned by militant attacks in the Niger Delta, their...

...Multinationals to file returns on operations abroad ...FEC approves construction of bigger port in Badagry The federal government has announced that it had lost about $1 trillion to tax evasion and avoidance by multinational companies. The Minister of Information and Culture, Lai Mohammed,...