Thursday, July 20, 2017
Business

Business

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The promise of Africa’s biggest economy has turned to peril. Companies drawn to Nigeria by the prospect of a population bigger than Germany and Turkey’s combined are retreating; those staying have publicly criticized the president, a military strongman in the...
President Muhammdu Buhari led-government will fund the 2016 budget by local and foreign borrowing. This was made known by the president on Tuesday while presenting the budget to the National Assembly. He also said that Nigeria should expect a budget...
Following the plea made by the Body of Bank CEOs asking the Central Bank of Nigeria (CBN) to lift the suspension of eight banks barred from participating in the foreign exchange market, the CBN lifted the ban Wednesday afternoon. The...
The Central Bank of Nigeria (CBN) has released the highlights of the much awaited flexible foreign exchange market policy. The highlights, which are key notes and agreements reached by the CBN, were released on Wednesday, weeks after the Monetary Policy...
Analysts believe prices need to rise to $60 or $65 before excess production returns It was a significant milestone that the ongoing rally had built up enough steam to get over the psychologically important threshold this week. But concerns over supply...
The over 60 per cent hike in the price of cement is causing huge scare for builders in Nigeria, as recession bites hard. In the last few weeks, the price of the product has increased from 1,500 Naira to as...
European super powers Germany on Thursday threw their weight behind the current International Monetary Fund Managing Director, Christine Largarde for further term in office at the IMF highest position. This was revealed through a statement released on the website of...
Guaranty Trust Bank Plc has declared gross earnings of N301.9 billion for the financial year ended Dec. 31, 2015. The News Agency of Nigeria (NAN) reports that this was against the N278.5 billion reported in 2014. The report is contained in...
REUTERS - Nigeria expects to spend 35 percent of its federal government revenues servicing debt this year, up from 26 percent last year, the Debt Management Office (DMO) said on Thursday. Africa's biggest economy faces its worst economic crisis in...
By Okechukwu Keshi Ukegbu Aba, before the advent of Gov. Okezie Ikpeazu's administration lied prostrate- infrastructure, especially road, was comatose, industrial and commerce spirit of the city collapsed. But "a Daniel came to judgment when Ikpeazu mounted the seat of power...