Economy

By John Ikani As part of efforts geared towards boosting global liquidity, the Board of Governors of the International Monetary Fund (IMF) have approved a general allocation of Special Drawing Rights (SDRs) of SDR 456 billion,...

By John Ikani  Nigerian music maestro Daniel Oyebanjo a.k.a DBanj, has been nominated by the Nigerian Export-Import Bank (NEXIM) as its ambassador. This was announced on Tuesday via the NEXIM bank official Instagram page, in celebration...

  By Chioma Iruke A statement by Rwanda's Finance Ministry suggests that the country has raised $620 million through the issuance of a 10-year Eurobond. According to the statement, the bond was oversubscribed with orders of...

By John Ikani  The Central Bank of Nigeria (CBN) says speculations that the apex bank is considering converting foreign exchange (FX) in the domiciliary accounts of customers to naira, should be ignored. The assurance became necessary...

By John Ikani The Nigerian National Petroleum Corporation (NNPC) has assured that it would protect the interest of Nigeria in any transaction involving International Oil Companies (IOCs) interested in divesting from the country. NNPC Group Managing...

  By Emmanuel Nduka   The Nigerian Customs Service (NCS) has announced that 30 of the verified 65 private planes in Nigeria owe custom duties to the Federal Government.   This was disclosed by the Customs...