The naira fell to a new low of 235 to the American dollar in the black market on Thursday, as dollar shortages in the economy…
Deposit Money Banks (DMBs) in Nigeria reported 10,612 fraud cases in 2014, compared with 3,786 cases reported in 2013, representing an increase of 182 percent,…
The naira continued to slide yesterday, reaching a new low of N232 to the American dollar at the parallel market on Monday. The record low…
Former vice president, Namadi Sambo, has come under fire because of the opacity in payments related to the sale of power assets. A Canadian firm,…
Analysts at Standard Chartered are pointing to a probable doubling of the VAT rate to 10 percent in a move that will boost state governments’…
The Central Bank of Nigeria has imposed more restrictions on certain imports. Following the earlier prohibition, CBN further prohibited importers of items that are “Not…
Public anger over the size of pecuniary benefits of Nigeria’s legislators has continued, prompting the chairman of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC),…