Business and Economy

The Central Bank of Nigeria has raised the Monetary Policy Rate (MPR), which measures interest rate, to 15.5 percent from 14 percent.CBN Governor, Godwin...

By Adefolarin A OlamilekanThe global economy is currently uninspiring as it is still under the sieges of inflation. That demonstrates a spike in over 9%...

Ethiopian Airlines (ET) consortium has been selected as the preferred bidder for Nigeria Air, owning 49 percent of the national carrier.Hadi Sirika, minister of...

Nigerians will not be able to use their Naira debit cards for international transactions as scarcity of foreign exchange (forex)worsens in Africa’s largest economy...

The Consumer Price Index (CPI) which measures inflation rose to 20.52 per cent year on year in August compared to 17.01 per cent in...

Chinese construction giant, Mutual Commitment Group (MCG) Limited says it will begin the construction of a 2000-bed capacity international referral hospital in northeastern Nigeria...

The Central Bank of Nigeria (CBN) has moved against beneficiaries of its Anchor Borrowers Programme who have failed to pay back their loans.The NIRSAL Microfinance...

Private capital investments in Africa may hit record highs this year, reaching $8.5 billion, and higher for the next three years as money floods...

Vice President Yemi Osinbajo says the gross domestic capital (GDPs) of 10 Nigerian states are greater than that of some African nations.Osinbajo made the comment...

The Economic and Financial Crimes Commission (EFCC) has threatened to arrest Nigerians hoarding dollars and other foreign currency.The Chairman of the anti-graft agency, Abdulrasheed...