The fall in the value of the naira against the United States dollar is impacting negatively on Nigeria’s water sector, as the Federal Government on Tuesday declared that the development had made it practically difficult for the different arms of government to deliver water...

The Central Bank of Nigeria has announced that it has provided a total sum of $660m to the manufacturing sector in the last one month. The amount, the apex bank said, was made available to the manufacturers through the interbank market to source for raw...

The naira continued on the path of appreciation on the parallel foreign exchange (FX) market yesterday as it closed at N463 to the dollar, higher than the N467 to the dollar it closed the previous day. This development was once more attributed to the appointment...

The Central Bank of Nigeria’s (CBN) Financial Stability Report (FSR) has revealed that in terms of size of assets and deposit of banks, the market share of the five largest banks in the country, declined to 43.30 per cent and 51.96 per cent in...

• Prevents MTN from disconnecting 30 million Globacom subscribers • Operators lament negative impact of forex regime on sector A major crisis that could have resulted in the breakdown of service between Etisalat and IHS over a protracted N13 billion debt owed the latter by the...

The Central Bank of Nigeria (CBN) has acknowledged getting reports that banks undermine its policy to sell forex from international remittances to Bureau De Changes (BDCs). Speaking after the 252 Monetary Policy Committee (MPC) meeting in Abuja, the CBN Governor, Mr Godwin Emefiele, said that...