There are new insights on why the $180million Halliburton bribery probe is lingering without the trial of some highly-placed Nigerians. The Nation learnt that former President Goodluck Jonathan, who planned to table the report before the Council of State, could not do so because three...

Nigerian Communications Commission (NCC) has directed the five big telecoms operators in the country to increase their data tariffs from Thursday, December 1, in order to allow small operators and new entrants to acquire market share and operate profitably, Daily Trust has learnt. An NCC...

The construction of a total of 195 kilometres of light rail projects will commence in three different locations in Ogun State in January next year, Governor Ibikunle Amosun has said. Amosun, who spoke in Lagos at a rail conference organised by Planet Project and Transport...

As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepare to commence its last meeting for 2016 tomorrow, the CBN Governor, Mr. Godwin Emefiele, has signalled the likelihood of the retention of the monetary policy rate (MPR), the benchmark interest rate. Emefiele, who gave...

The Federal Government has proposed an amendment to the Foreign-Exchange Act to enable the imprisonment of anyone who holds foreign currencies, especially the dollar, for more than 30 days. This is the latest measure the government and the Central Bank of Nigeria are considering to...

The Federal Government is proposing to fund part of the 2017 budget deficit of N2.69tn from funds recovered from treasury looters. The proposal is contained in the Medium Term Expenditure Framework/Fiscal Strategy Paper, which was submitted to the National Assembly. The Senate had two weeks ago...