Business & Economy

Minister of State for Agriculture and Rural Development Heineken Lokpobiri has said Nigeria’s $22 billion food import bill is no longer sustainable. He spoke yesterday during an inspection of  the…

Commercial banks are defying Central Bank of Nigeria’s (CBN’s) directive for them to sell $50,000 weekly from Diaspora remittances to bureau de change (BDCs), President, Association of Bureau De Change…

The Organised Private Sector (OPS) yesterday hailed President Muhammadu Buhari’s move to seek emergency powers to push his government’s planned stimulus for the economy. According to the plan, the government…

Meet Kobe Bryant, venture capitalist. The retired NBA star today unveiled his venture-capital fund, a $100 million vehicle for investing in technology, media and data companies. Mr. Bryant, who turns…

Turkish Airlines has said it posted a loss of 1.9 billion Turkish Liras ($644.4 million) in the first half of 2016, while also revising its year-end passenger and revenue target,…

 Godwin Emefiele The Assembly of Governors of the Association of African Central Bank Governors (AACB) has elected the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele as its President…

Iraq has resumed pumping oil from fields operated by state-run North Oil Company (NOC) via a Kurdistan Regional Government (KRG) pipeline to Turkey, a spokesman for the oil ministry in…

President Barack Obama and his family will be moving out of the White House in a few months. But as far as we know, they aren’t looking to sell. Of…

Minister of Finance, Kemi Adeosun The Federal Government says it has released N400 billion from the 2016 budget to implement capital projects and an additional N60 billion will be released…

The U.S. Air Force has awarded a contract valued at $2.8 billion to Boeing to produce the first 19 new KC-46A tankers. The contract comes about a month after the…