Strong indications have emerged that the leadership of the Senate and the Presidency have reached a deal on the 2017-2019 Medium Term Expenditure Framework and Fiscal Strategy Paper earlier rejected by the upper chamber of the National Assembly. A source close to the leadership of...

...Meets BDCs over rates convergence The Central Bank of Nigeria has fined Standard Chartered Bank N2billion for foreign exchange infraction, THISDAY report. The bank, according to the source, drew the apex bank’s anger for buying $25million at the official rate and selling same way above the...

...Oil firms suspend operations as PIB passes second reading in Senate Barely a few hours after the dialogue between President Muhammadu Buhari and critical stakeholders of the Niger Delta to resolve the crisis in the region, unrepentant militants Tuesday night bombed the Trans Forcados Pipeline...

The problem of difficult access to foreign exchange to procure essential raw materials for production by manufacturers, among other challenges, has resulted in unprecedented job losses in different sectors, with the electrical/electronic sub sector feeling the heat. Local manufacturers of electrical and electronics items, including...

...Secures presidential approval to access Natural Resource Fund  ...W’Bank to also support transactions in mining sector The Minister of Solid Minerals Development, Dr. Kayode Fayemi, has disclosed that he is currently negotiating a $500 million investment fund with the Nigerian Sovereign Investment Authority (NSIA), managers of...

The International Monetary Fund is prepared to lend money to Nigeria and other countries facing economic crisis at zero interest rate in order to stimulate their recovery. The Managing Director, IMF, Christine Largade, said this in Washington DC, United States, at the ongoing annual meetings...