Obinna Chima Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, on Thursday lamented that the country spends almost 40 per cent of its scarce foreign exchange (FX) on the

All Nigerian commercial banks have been directed by the Central Bank of Nigeria (CBN) to adopt the exchange rate in the importer and exporter window (I&E) for cross-border payments through

Shares of Chinese real estate firms fell further on Thursday as investors fretted about a debt crisis rippling through developers including China Evergrande Group, a day after the sector was

The Chairman and CEO of Quits Aviation Services Limited, Sam Iwuajoku, has reacted to the insistence of the Nigeria Customs Service (NCS) that private jets operating in Nigeria must pay

The Absa Africa Financial Markets Index 2021 (AAFMI) has ranked Nigeria as the third most attractive country in Africa for foreign investment. The AAFMI surveyed 23 countries in Africa and

The Sahara Group, an energy and infrastructure conglomerate, has said it would invest over $1billion to enhance access to Liquefied Petroleum Gas (LPG) in Nigeria and some other Africa countries

The Boeing Co. has told employees they must be vaccinated against COVID-19 or possibly be fired. The Seattle Times reports the deadline for workers at the aerospace giant is Dec.

Access Bank Plc on Tuesday announced on the Nigerian Exchange Limited (NGX) that it has acquired 78.15 per cent shareholding in African Banking Corporation of Botswana Limited (BancABC Botswana). Company

 “Squid Game,” a brutal Netflix survival drama about desperate adults competing in deadly children’s games for a chance to escape severe debt, hit a little too close to home for

China’s export growth unexpectedly accelerated in September, as still solid global demand offset some of the pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic COVID-19

Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met

An African operator of mobile phone masts, IHS Towers might become the largest Africa-focused company on Wall Street if its New York listing goes ahead this week. The company, which

President of the African Development Bank Akinwunmi Adesina in a paper, titled “Nigeria’s Economic Resurgence: Learning from the African Experience” presented at a ministerial retreat in Abuja on Monday, Adesina

In a major break with President Muhammadu Buahri who has consistently opposed the devaluation of the naira, Nigeria’s Vice President, Prof. Yemi Osinbajo, on Monday openly advised the Central Bank

Seplat, Nigeria’s foremost indigenous oil & gas company has disclosed its readiness to champion the quest to improve Africa’s energy access by repurposing its operations with a focus on cleaner

As a way of paying back the network disruption experienced by users on Saturday, MTN Nigeria says it will extend time-bound subscriptions for its customers. Last week, MTN users suffered

Nigeria has been ranked sixth among the top 10 countries with the highest exposure to funds and support from the World Bank. According to the International Finance Corporation (IFC), a

The Nigerian National Petroleum Corporation (NNPC) has failed to make the latest list of the world’s highest income-grossing oil companies, both nationally-run and privately-owned. The list was compiled from the