Nigeria has potential for $500 billion GDP, says PwC
Nigeria’s economy can hit an annual Gross Domestic Product (GDP) of $500 billion if corruption is reduced drastically. This is…
Interbank rate rises by 100%
The cost of borrowing has gone up by almost 100percent at the interbank market. The lending rates among banks, as…
NDIC moves against “wonder banks”
Umaru Ibrahim, the Managing Director/Chief Executive of the Nigerian Deposit Insurance Corporation (NDIC) is determined to frustrate the activities of…
Foreign investors bought N557bn treasury bills in 2016
Foreign investors bought N557 billion worth of treasury bills (TBs) in 2016 against N571.59 billion they invested in treasury bills…
Naira hits 500/dollar
The naira is exchanging at N500 to the dollar at the parallel market after stabilizing at N498 to the dollar…
SEC reorganizes for efficiency
The Securities and Exchange Commission (SEC) reorganized its operation for more efficiency and improved services. The reorganization exercise includes the…
NBS: Foreign investment dropped by $4.5bn in 2016
Foreign investment inflow into the Nigerian economy dropped by $4.52 billion in 2016. Data released by the National Bureau of…
FG raises VAT on champagne, other luxury item
The Federal Government has commenced the implementation of the long awaited tax on luxury products with immediate effect. This follows…
NSE Loses N.5 trillion in FPI
The Nigerian Stock Exchange (NSE) has disclosed that total Foreign Portfolio Investment, FPI, in the nation’s capital market contracted by…
Africa needs fair-playing field in infrastructure financing — Adeosun
Nigeria’s Finance Minister Kemi Adeosun was emphatic in her demand that Africa and other developing parts of the world need…