Outstanding banking industry loans to the economy as at end of third quarter 2016 (Q3’16) escalated by N2.1 trillion to N13.8 trillion, about 17.9 per cent rise against N11.7 trillion recorded in the corresponding period of 2015. The new figure is made up of...

The President, Nigerian Gas Association (NGA), Dada Thomas lamented that players in the gas industry are running out of cash as a result of the N110 billion debt customers are owing gas producers. Thomas, who is also the Managing Director, Frontier Oil Limited, spoke to...

Nigeria’s external reserves diminished by 2.8 per cent in one month to $23.948 billion as at October 27, 2016, compared with the $24.615 billion it was as at September 27, 2016. The latest external reserves position released by the Central Bank of Nigeria (CBN) showed...

The Central Bank of Nigeria (CBN) at the weekend, sold about N51 billion ($168 million) worth of treasury bills to mop up liquidity even as the overnight lending rate traded flat around 10 per cent, traders said. The bank sold N25 billion of 174-day open...

The Minister of State for Aviation, Mr. Hadi Sirika, wednesday appealed to Emirates, Kenya Airways and other foreign airlines which threatened recently to suspend flights from the Nnamdi Azikiwe International Airport in Abuja due to the scarcity of foreign exchange and dwindling passenger traffic...

The value of currency-in-circulation increased year-on-year to N1.794 trillion at the end of September 2016, compared with the N1.679 trillion it was at the end of August 2016. This was compiled from latest money and credit statistics posted on the Central Bank of Nigeria’s (CBN)...