Naira falls further to 414/dollar

The naira fell to a new low of 414 against the United States dollar on Sunday amid the continued scarcity of foreign exchange in the country, with economic experts predicting further pressure in the forex market this week. The development came five days after the Central Bank of Nigeria had banned nine commercial banks from the forex market for failing More...

by Punch | Published 1 year ago
By Tonye Bakare On Thursday, June 16th, 2016

Nigerian Central Bank announces a new forex regime

The Central Bank of Nigeria (CBN) has announced a market-driven forex regime aimed at boosting the supply of foreign currency in the country. The announcement was made on Wednesday by the CBN governor, Godwin Emefiele. More...

By TAO NEWS On Monday, February 8th, 2016

Efcc takes over the settlement of Matrimonial disputes instead of the fight against corruption in Nigeria!

The Nigerian Bar Association, NBA and senior lawyers in the country among other Legal minds, have condemned the recent arrest and continued detention of  a Senior Advocate of Nigeria, Mr. Rickey-Tarfa, SAN, by More...

By CNN On Tuesday, January 19th, 2016
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American Banks in trouble

Big banks are cringing as crude oil is crumbling. Firms on Wall Street helped bankroll America’s energy boom, financing very expensive drilling projects that ended up flooding the world with oil. Now that More...

By staff post On Tuesday, March 17th, 2015

EXPOSED: Multimillion Dollars Massive Loot Tears Mu’azu, Secondus apart in Nigeria’s ruling PDP

An investigation published by (an online publication) THEWILL has revealed that with barely two weeks to the general elections, the national chairman of Nigeria’s ruling Peoples Democratic Party (PDP), Adamu More...

By staff post On Tuesday, March 17th, 2015

Senate revisits Oceanic Bank’s liquidation

Nigerian Senate has opened an investigation into the alleged mismanagement of the assets of liquidated Oceanic Bank Plc. The probe by the Senate Committee on Drugs, Narcotics, Financial Crimes and Anti-Corruption More...

By staff post On Saturday, March 14th, 2015

Great Britain becomes first big Western economy asking to join Asian Infrastructure Investment Bank (AIIB)

US has expressed concern over Britain’s effort to become a founding member of a Chinese-backed bank that could rival the likes of the World Bank. The UK is the first big Western economy to apply for membership More...

By staff post On Sunday, February 22nd, 2015

Blast damages home of Iranian ambassador in Libya

CAIRO (AP) — A bomb blast outside the Iranian ambassador’s house in Libya’s capital on Sunday which caused minor damage to the empty building was claimed by militants affiliated with the Islamic State More...

By Dean Robinson On Monday, February 16th, 2015

Stakeholders of Port Harcourt Refinery threaten boycoot of 2015 elections over stalled refining operations

Stakeholders of Port Harcourt Refinery Company (PHRC) Alesa, Eleme have threatened to boycott the forthcoming elections if President Goodluck Jonathan fails to address perceived diversion of transported Crude oil More...

By staff post On Thursday, February 12th, 2015

BRUSSELS (AP) — The International Monetary Fund has agreed to provide Ukraine with 15.5 billion euros ($17.6 billion) to help support economic reforms. IMF Managing Director Christine Lagarde said Thursday that More...