The Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said the country is spending over $3.5bn yearly on the importation of steel products. Fayemi, who stated this while addressing newsmen after a meeting with stakeholders in the mining sector in Lagos, announced that...

The Nigerian National Petroleum Corporation, NNPC said it has reported MRS Limited and Capital Oil and Gas Limited to the Department of State Service, DSS, and the Economic and Financial Crimes Commission (EFCC) over the duo’s illegal sale of about 130 million litres of...

The Bank of Industry has said its loan exposure to enterprises owned and promoted by women has hit N13bn, noting that plans are underway to improve access of related businesses to developmental financing. It said this in a statement, adding that this was in furtherance...

The Central Bank of Nigeria on Thursday said it would on Friday release the sum of $100m to authorised dealers to meet the requests of genuine customers in the interbank segment of the foreign exchange market. The release of the forex, according to the apex...

An official of the International Finance Corporation (IFC), Ms. Essien Lore has faulted the Economic Recovery and Growth Plan, which the federal government formally unveiled penultimate week, describing it as ambitious and its timeframe as relatively short. However, Lagos State Governor, Mr. Akinwunmi Ambode has...

The Nigeria Extractive Transparency Initiative, NEITI, yesterday, raised an alarm over the rising debt profiles of states in the country, stating that the 36 states of the Federation are indebted to the tune of N3.342 trillion as at the end of 2016. NEITI, in the...