Economy

By John Ikani  On Tuesday, shares of US regional banks experienced significant losses on Wall Street, despite hopes that the resolution of First Republic's problems would bring an end to the crisis. Large banks like Citigroup...

By John Ikani The Nigerian government has instituted a series of measures aimed at boosting local industries and reducing the importation of foreign goods. In a recent directive, the federal authorities banned the importation of used...

JPMorgan Chase & Co has agreed to buy First Republic Bank after the regulatory authorities took over the troubled lender, a statement said on Monday. JPMorgan is expected to assume all of First Republic's uninsured and...

By John Ikani The Central Bank of Nigeria (CBN) has refuted claims that it intends to phase out the newly redesigned N1,000, N500 and N200 naira notes. In a statement released on Sunday, the bank's Acting...

By Enyichukwu Enemanna Federal Bureau of Investigation (FBI) has forwarded a list of at least 600 cars illegally brought into Nigeria, anti-graft agency, the Economic and Financial Crimes Commission (EFCC) says, as it confirms receipt of...

Two of Nigeria’s richest men - Tony Elumelu and Femi Otedola, are battling for control of Transcorp, one of Nigeria's biggest conglomerates, with each raising their stakes dramatically over the past week to gain upper hand....