The Nigerian Stock Exchange returned to gains as the Central Bank of Nigeria released the much-awaited framework for the foreign exchange market. The All-Share Index rallied by 3.17 per cent owing to this development, which boosted the NSE market capitalisation by N295bn as capitalisation rose...

Ten years after Nigeria’s historic exit from the Paris Club of Creditors, the country’s external debt balance has climbed to $10.72bn, up from $3.54bn, investigation has shown. The Federal Government had between 2005 and April 2007 paid over $15bn to exit from both the Paris...

The Federal Government has barred banks in the country from giving loans to state governments. The decision was taken in line with the Fiscal Sustainability Plan, FSP, which has been agreed to by the Federal Government’s economic team and state governors, to ensure prudent management...

The Federal Government has announced that it had so far released N280bn from the N350bn set aside for capital projects as contained in the 2016 budget. It stated that the funds had been sent to the Federal Ministry of Finance for onward disbursement to six...

A United State fund manager, Pecora Capital, says it will raise $2bn over the next 18 months for Nigerian infrastructure projects, a rare show of investor confidence during a period of deep crisis in the country. This is coming at a time when President Muhammadu...

Nigeria and the Republic of South Africa have commenced discussions on practical areas of cooperation in the nation’s mining sector. Receiving a delegation from South Africa in his office in Abuja, Minister of State for Solid Minerals Development, Hon. Abubakar Bawa Bwari ,said the need...