Forex traders have been set on panic button, as news filtered in that the Central Bank of Nigeria (CBN) will this weekend, further pump more dollars into the foreign exchange market in continuation of its strategy to strengthen the value of the Naira. According a...

The attention of the Central Bank of Nigeria (CBN) has been drawn to a media report suggesting that the Office of the Attorney General of the Federation and Minister of Justice has issued a query to the Central Bank of Nigeria (CBN) over issues...

The Nigerian National Petroleum Corporation (NNPC) has announced plans to increase the February supply of petrol by six additional cargoes to the existing national sufficiency of over 32 days and import three additional diesel cargoes before the end of February. The corporation also said it...

The naira dropped against the United States dollar to 499 on Tuesday, from 498 on Monday as lingering scarcity of the greenback continued to weigh on the market Reuters reported. The local currency had reversed its Friday’s loss against the dollar, and closed at 498/dollar. The...

Due to continuous depreciation of Nigeria Naira to other foreign currencies, Stakeholders in the health sector have raised an alarm over inadequate budgetary provision of a total sum of N304bn for the Federal Ministry of Health in the 2017 national budget. The stakeholders under the...

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that if Nigeria must advance its global economic interest then the country must ensure that it gets the regulation of the maritime sector right. Dr. Peterside who made...