Business & Economy

BANKS are carrying a heavy load of Non-Performing Loans (NPLs), which rose 78 per cent year-on-year to N649.63 billion last May. The “worrisome” trend should be tackled, Central Bank of…

A fisherman in the Philippines is happy as a clam after discovering that a mammoth pearl he stashed away for 10 years under his bed is worth a cool $100…

Babatunde Fashola Power generation went up yesterday by 1.2megawatts (Mw) following the inauguration  of a solar electricity plant in the Lower Usman Dam, the Minster of Power, Works and Housing,…

Kwara State Local Government pensioners are distressed over the non-payment of their pension and gratuities running into billions of naira. The 4000 pensioners are being owed 30 months of pension,…

The Central Bank of Nigeria (CBN) has disclosed that 50% of its budget has been slashed by the federal government, lamenting that this cut in budget has seriously affected its…

The Central Bank of Nigeria (CBN) on Tuesday banned nine deposit money banks (DMBs) from the foreign exchange market, for hiding over $2 billion belonging to  the Nigerian National Petroleum…

The Nigeria Customs  Service (NCS)  has intensified its war against smugglers with the seizure of  over 25,000 bags of rice, it was learnt. The Federal Operations Unit (FOU) Zone ‘A’,…

Minister of Finance, Kemi Adeosun The Federal Government has appealed to the Islamic Development Bank (IDB) to help it implement the 2016 Buhari Plan for the revitalisation of the Northeast…

The Nigerian Communications Commission (NCC) has said it will license more broadband operators to complement existing ones in order to achieve the 30 per cent broadband penetration target of the…

Banks were yesterday hit with allegations of round tripping. Acting Director, Trade & Exchange, W.D. Gotring, in a circular to authorised dealers titled: Re: Transactions in ‘Free Funds’ by Authorised…