Financial market operators, particularly those in the money markets, moan that they have lost confidence in the Central Bank of Nigeria (CBN) for its policies and actions which they say are intended to ruin the financial system.
Nigeria will have to turn to industries other than oil to help pull itself out of recession, experts say, as the latest sobering government figures reveal that the economy fell by just over two percent in the second quarter.
The Apapa Command of Nigeria Customs Service has made the highest collection of monthly revenue with a feat of N34,923,757,810.77 collected in August 2016. The figure is about N8 billion higher than the N27 billion collected in July this year.
The Nigerian Ports Authority (NPA) is set to prioritise the movement of cargo into and from the ports by rail to maximise Nigeria's inter-modal transport potentials and reduce pressure on the nation's roads.
Every night in the U.S., an Airbus A300 aircraft takes off from Denver, Colorado bound for Memphis, Tennessee.
Nobody is on board except for the pilots and often the flight starts and completes its route with an empty hold.
The Central Bank of Nigeria (CBN) has said that commercial banks were circumventing its international money transfer rules by criminally opening multiple company and personal accounts where they receive inflows for onward disbursements to recipients in Nigeria.