The FCT Administration has approved the suspension of 13 officers undergoing prosecution by the Economic and Financial Crimes Commission (EFCC). The FCT Permanent Secretary, Dr. Babatope Ajakaiye made this disclosure in Abuja. According to him, the suspension is in line with...

The Coalition of Civil Society Groups in Nigeria have come out in defense of President Muhammadu Buhari’s Economic Team and the monetary policies of the Central bank of Nigeria(CBN) led by Mr. Godwin Emefiele. In a protest led by the...

The naira continued on the path of appreciation on the parallel foreign exchange (FX) market yesterday as it closed at N463 to the dollar, higher than the N467 to the dollar it closed the previous day. This development was once...

The Nigerian National Petroleum Corporation has increased the number of companies referred to as off-takers of the country’s crude oil from 21 to 27. Last December, the corporation announced the award of its 2016 crude oil term contracts to 21...

The Senate has summoned the Central Bank of Nigeria, MTN Nigeria, the Financial Reporting Council of Nigeria, three commercial banks and some businessmen over alleged violation of the Foreign Exchange (Monitoring and Miscellaneous) Act. The upper chamber of the National...

For Nigeria to effectively diversify its economy, emphasis must be placed on agriculture, the National Coordinator/Chief Executive Officer, New Partnership for Africa’s Development, Mrs. Gloria Akobundu, has said. According to her, NEPAD under her leadership will push for economic diversification...