Business

Oil prices steadied below 3-1/2 year highs yesterday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S. drilling pointed to higher …

German carmaker Volkswagen AG will recall about 220,000 of its new Polo vehicles in the coming weeks due to a problem with the rear seatbelt lock, it said on Friday, …

The Central Bank of Nigeria (CBN) has accused commercial banks of sabotaging its efforts in replacing mutilated notes with new ones in the country. Its Acting Director, Communications Department, Mr …

Finance Minister, Mrs. Kemi Adeosun, yesterday said the Federal Government would mobilise more revenues to drive its growth plan for the economy. A statement endorsed by the Special Adviser on …

Nigeria’s oil production, including condensates, increased to 2.07 million barrels per day (bpd) last month from 2.02 million bpd in March. It rose by 11 per cent from the level …

The Central Bank of Nigeria (CBN) has warned that the economy faces inflation and financial stability risks over the short-to medium-term if expected huge election spending is not checked. CBN …

The Central Bank of Nigeria (CBN) yesterday boosted the inter-bank Foreign Exchange market with another sum of $210 million. The apex bank offered $100 million to authorised dealers in the …

$36.371billion was spent on the importation of petroleum products into the country in the last five years, the Central Bank of Nigeria (CBN), has said. The apex bank made this …

The Nigerian Stock Exchange (NSE) has sanctioned  more companies for failing to meet the deadline for the submission of their audited report and accounts for last year. A report obtained …

The Central Bank of Nigeria (CBN) yesterday said the $2.5 billion (16 billion Renminbi, RMB,) currency swap deal with the Chinese government would provide adequate local currency liquidity to Nigerian …