FG to boost economy with $1.1 billion

The Federal Government is set to inject an additional N350 billion ($1.1 billion) into the economy and raise $1 billion from Eurobonds by mid-December to ease the recession.

Forex: Why Emefiele betrayed bank CEOs

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.

Sallah: Ram sellers lament poor sales

By Ummi Ismaeel

Can Nigeria deal with recession?

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.

Why Nigeria's economy entered a recession

Nigeria's economy has entered a recession amid falling oil prices and production.

Apapa Customs fetches N35b, seizes 16 containers for false declaration

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.

NPA embraces rail transport

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.

Nigeria’s GDP contracts 2.06% in Second quarter

The figures coming from the National Bureau of Statistics shows that Nigeria’s Gross Domestic Product (GDP) has contracted by 2.06% in the second quarter of 2016.

Forex: CBN lifts suspension on eight banks

The Central Bank of Nigeria (CBN) on Wednesday lifted the suspension on eight banks barred from participating in the foreign exchange market (forex).

$30,000-a-night jet that flies empty

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.