Economy

By John Ikani  The Central Bank of Nigeria (CBN) is set to unfreeze the accounts of Bamboo Systems Technology Limited and Bamboo Systems Tech. Ltd, following a ruling from the Federal High Court Abuja, to partially...

By John Ikani Mallam Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has attributed increase in prices of the cooking gas to challenges in sourcing adequate supply of the commodity. Kyari...

By John Ikani  Amid the embarrassing slump in the value of Naira, the Central Bank of Nigeria (CBN) says it is only concerned about boosting the supply of dollars in the currency market. Director of Monetary...

By John Ikani Data on external loans obtained from the Debt Management Office (DMO) reveals that Nigeria’s loans from China, France, Japan, India and Germany rose from $1.66bn as of December 31, 2015 to $4.06bn as...

By John Ikani  President Muhammadu Buhari has commended the Saudi Arabian government for reducing oil production “a number of times” to accommodate Nigeria. Buhari gave the commendation on Tuesday while playing host to Faisal Bin Farhan...

  By Chioma Iruke Chairman of Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC) Abdulrasheed Bawa, has said Bitcoin and other cryptocurrencies presage huge risks to the world economy. According to him, many criminals...