The Senate has rejected the report by its Committee on Finance in which the N143.7bn budget of the Federal Inland Revenue Service was approved. The lawmakers, while debating the recommendation of the committee during the day’s plenary, criticised the report...

The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim, has said that time will soon run out on recalcitrant obligors of the Asset Management Corporation of Nigeria. He said this was because of the renewed...

Operatives of the Department of State Security on Thursday arrested some unregistered Bureau De Change operators in Lagos and Abuja. Also raided by the DSS operatives were registered BDCs operators who were accused of selling the dollar above N400. The development,...

The value of wheat imported into the country between January and September 2016 is $660m, according to data obtained from the United States Department of Agriculture. Also, data published in the Nigerian Ports Authority Shipping Position on Friday indicated that...

Barring any last minute change in plans, President Muhammadu Buhari will next month launch the National Economic Reconstruction and Growth Plan that will guide the Federal Government in repositioning the economy for sustainable growth. The Minister of Budget and National...

Nigeria lost $450bn worth of assets in 2016 due to withdrawal of some foreign firms from the country, according to the Nigerian-American Chamber of Commerce. The NACC said the affected firms suffered a combined loss of N64bn investment due to...