Economy

The Bank of Industry is located all over Nigeria and mandated to provide financial assistance for the establishment of large, medium and small projects...

Central Bank of Nigeria (CBN), dollar sales into the inter-bank foreign exchange (FX) market surged by 58%, in the first half (H1) of 2022,...

Remittance flows to Nigeria will rise 7.5% to reach $20.9 billion this year, according to a World Bank report published Wednesday. That puts its inflows...

Shareholders are worried that the mandatory regulatory levies imposed on banks by the Asset Management Corporation of Nigeria (AMCON) has become a nuisance as...

Official foreign exchange receipt from crude oil sales into Nigeria’s official reserves has dried up steadily from above US$3.0 billion monthly in 2014 to an absolute...

Thirty-seven of 52 African countries have become more industrialized over the past eleven years, according to a new report from the African Development Bank...

Nigeria's economic growth slowed in the third quarter (Q3) ending September 2023, from a year earlier, the statistics office said on Thursday, due to...

The Federation Account Allocation Committee (FAAC) has disbursed N736.782 billion from October 2022 Federation Account Revenue to the Federal Government, States and Local Government...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked its Monetary Policy Rate (MPR) by 100 basis points to...

Delta State Government yesterday debunked media reports credited to Rivers State Governor, Nyesom Wike that it had collected refunds from the federal government without...