Naira

Nigerian Economy Slips Into Recession

Nigeria has slipped into recession, with the latest growth figures showing the economy contracted 2.06% between April and June. The country has now seen two consecutive quarters of declining growth, the usual definition ...
Skye Bank Logo

Skye Bank Is Not Distressed, Says CBN

The Central Bank of Nigeria has allayed fears that Skye Bank is not distressed as being rumoured across the country. Below is a Press Release to that effect from the Apex Bank; -Source: Skye Bank, 3, Akin Adesola Victori...
Dangote cement photo

Dangote Cement Earns N292Bn Revenue

Africa’s leading cement producer, Dangote Cement Plc has reported a revenue of N292 billion in the second quarter ended June 30th 2016 indicating an increase of 20 percent over N242 billion posted in the corresponding pe...
Fuel scarcity photo

Fuel Crisis Looms In Nigeria Again!

.As Truck Owners Stops Transportation Of Fuel Over Unpaid Money – Nigerians are in great danger of another fuel crisis as truck owners have threatened to suspend transportation of petroleum products across the coun...
Ambode wins APC primaries

Lagos Rakes In N101.69bn In 4 Months

The Lagos State Government generated a total revenue of N101.69bn in the first quarter of 2016 out of which a surplus of N4.85bn was realized as against an expected N29.92bn deficit, the State’s Commissioner for Economic...
Saraki is president

Nigerian Senate Passes 2016 Budget

The 8th Senate in its session at the National Assembly, has officially passed the N6.08 trillion budget for 2016 on Wednesday, 23 March, with an unprecedented reduction in the budget’s total. It can be recalled that in D...