Nigeria’s total debt stock stood at $53.46 billion as at end-March 2013. This is the aggregate of Federal Government, State governments and…
Business News Report
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Weekly trading on the Nigerian Stock Exchange (NSE) opened on a positive note as the All-Share Index appreciated marginally by 0.07 per…
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Economics is a science of choice. Decision making involves making a choice. Among competing wants, preference has to be put on scale…
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Former South African President, Mr. Thabo Mbeki said that African leaders launder about $50 billion into foreign banks annually. Mbeki made the…
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The hunt for Royal Dutch Shell’s next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what…
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Nigeria’s poverty rate should be falling faster given its economic growth this decade, an official of the International Monetary Fund said. The…
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The Central Bank of Nigeria (CBN) has retained the lending rate at 12 per cent, the Governor, Malam Sanusi Lamido Sanusi, said.…
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The Nigeria Sovereign Investment Authority, NSIA, has disclosed the allocation of its $1 billion (about N155 billion) take-off of capital to the…
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The naira eased against the U.S. dollar on the inter-bank market on Wednesday as strong demand from importers of fuel and other…
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President Goodluck Jonathan has approved the appointment of new chief executive officers for three parastatal agencies. The appointees are Mr Benjamin Dikki, Director-General, Bureau…
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By Omoh Gabriel There are things that look so ordinary that we all take for granted. We are so familiar with them…
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The Debt Management Office has said that Nigeria will continue to maintain a debt to Gross Domestic Product threshold of 40 per…
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Weekly transactions on the Nigerian Stock Exchange (NSE) opened on Monday on a bearish note with the major equities recording price losses.…
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—-oil revenue exceeded budget estimate —-non oil revenue drops By Omoh Gabriel The total federally collected revenue stood at N2. 425.3 trillion…
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Nigeria is a country of 167 million people by the current population estimate. Just as the population is fast growing, so are…