Ebun Francis Mr Godwin Emefiele, Nigeria’s Central Bank Governor, has warned against reckless spending of the country’s scarce forex resources even as Nigeria’s foreign reserve rises to $28.9 billion. Rising from…
Read More CBN warns against reckless forex spending
General Electric, GE, a US multinational company, Tuesday in Abuja, proposed to invest in the nation’s three refineries located in Port Harcourt, Warri and Kaduna. GE, in a presentation to…
Read More GE offers investment in Nigeria’s refineries
A Federal High Court Lagos on Tuesday fixed Feb. 16 to deliver judgment in a suit by the Economic and Financial Crimes Commission (EFCC) seeking forfeiture of funds linked to…
Read More Diezani’s $153m: Court rules February on forfeiture
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) Tuesday voted to retain benchmark interest rates at record high of 14 percent. Central Bank Governor, Godwin Emefiele, announced that…
Read More (Updated) CBN MPC retains interest rate at record high
The Federal Government has released N72 billion counterpart funding for the construction of Lagos-Ibadan modernisation railway project. The Minister of Transportation, Mr Rotimi Amaechi made this known at the quarterly…
Read More FG releases N72b to China for Lagos-Ibadan railway