Government of Cross River State owed the Economic Community of West African States (ECOWAS) Bank several millions of Dollars collected as loan to construct Tinapa Premier Business and Leisure Resort. Governor Donald Duke led administration

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The Central Bank of Nigeria has said that it has recovered over N51.9bn illegally deducted by commercial banks and returned it to the customers. The CBN stated that the amount was illegally removed from the

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Nigeria is set to enter the car exporting market as Innoson Vehicle Motors (IVM) distributed 400 vehicles to Mali which is meant to increase trade between both countries. In a tweet by the ruling All

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Statistics coming from MAN shows that about 196 manufacturing companies closed down during the recession due to harsh operating environment.  Despite several efforts by the Federal Government to cushion the effects of recession on the

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One of Nigeria’s telecommunication companies, Etisalat has now been taken over by ten major Nigerian lenders. The lenders include, Zenith Bank, GT Bank, First Bank, UBA, Fidelity Bank, Access Bank, Ecobank, FCMB, Stanbic IBTC Bank

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The Central Bank of Nigeria should convert the country’s lower currency notes into coins to facilitate “highly repetitive” retail transactions, the Senate said Tuesday. The advice came after a Senator spoke on the implications of

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Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says investors would leave other countries to do business in Nigeria irrespective of seeming unstable business climate, because the country “has the best returns on any

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Chairman, Senate Committee on Customs and Excise Duties, Hope Uzodinma, has stated that its Committee has discovered high level manipulation of foreign exchange to the tune of N30 trillion purchase on behalf of importers by

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The Asset Management Corporation of Nigeria (AMCON) has confirmed the sale of one of Nigeria’s commercial banks, Keystone Bank. AMCON said the bank was sold to Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited

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Aero Contractors Airline, which is under the management of the Asset Management Corporation of Nigeria (AMCON), has sacked about 900 workers representing 60 per cent. Letters of redundancy were issued to the affected employees during

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