NBS:Nigeria’s Economy To Become Africa’s Largest Economy In Weeks

If the report we are getting from National Bureau Of Statistics(NBS) is anything to by then Nigeria will be Africas largest economy in the next 3weeks as the National Bureau of Statistics (NBS) has in its new released  rebased Gross Domestic Product (GDP) show that Nigeria has overtaken South Africa as Africa’s largest economy, which […]

Sanusi:$12bn Crude Oil Proceeds Yet To Be Accounted For

A crucial meeting between key government offices concerning the Central Bank of Nigeria (CBN) over the declaration that the Nigerian National Petroleum Corporation (NNPC) has failed to remit to the Federation Account the sum of $49.8 billion between 2012 and 2013 has concluded that only about $10.8 billion appears to be unaccounted for. That figure […]

High interest rate slowing down businesses – NASME

Nigerian Association of Small and Medium Enterprises (NASME) on Thursday said that soaring interest rates of commercial banks were impediments to the growth of entrepreneurs. Mr Nerus Ekezie, its Director of Public Relations, told the News Agency of Nigeria (NAN) in Lagos that interest rates being charged by banks constituted a “disservice” to local businesses

TUC faults CBN over polymer naira notes

Author : JOSHUA BASSEY The Trade Union Congress of Nigeria (TUC) has faulted the Central Bank of Nigeria’s (CBN) planned reversal of the policy of using polymer notes for lower naira denominations, describing as “irritating the rate at which official policies come up and fizzle out in the apex bank and other major institutions in