Nigeria’s first fully indigenous vehicle manufacturing company, Innoson Vehicle Manufacturing, has laid off about 50 percent of its work force. A change in government policy,…
The Minister of Mines and Steel Development, Dr. Kayode Fayemi has disclosed that state governments are now free to explore and exploit mineral deposits in…
The Senate has thrown out a motion seeking to compel the FG to freely distribute rat poison to Nigerians as a way of fighting the…
The CBN has announced that it will be stopping the sale of foreign exchange to BDC operators. It also lifted the ban on the reception…
Industry analysts say that the proposed oil revenue in the 2016 budget may not be feasible as Nigeria’s crude exports begin to fall amid further…
An emergency meeting of the Federal Executive Council is scheduled to hold today. The meeting to be presided over by President Buhari, is expected to…
Two weeks to a deadline to pay a $3.9 billion fine imposed by the NCC on the MTN Group, there are concerns that the fine…
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said that the Federal Government will begin a gradual withdrawal of fuel subsidy next…
The CBN has asked bureaux de change to close all branches within 90 days. According to new guidelines, all bureaux de change are now licensed…
The CBN governor, Godwin Emefiele, has mandated commercial banks to lower their risk rating for SMEs or lose CRR refunds. Emefiele said that the CBN…