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 …