Nigeria is set to be expelled from the Egmont group by next month. This is on the agenda of the Egmont Working Group and Heads of FIU Meeting and this decision might be reached according

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A new electricity generating company, Qua Iboe Power Plant, expected to gulp more than $1 billion is to be set up at the Qua Iboe Onshore Terminal in Ibeno Local Government Area of Akwa Ibom

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The Central Bank of Nigeria (CBN) has reportedly removed 36 sub-items from the list of items banned from accessing forex from its window since 2015. President of the Manufacturers Association of Nigeria (MAN), Frank Udemba-Jacobs,

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Samsung Electronics has said that one of the reasons for not establishing a manufacturing plant in Nigeria is because its market share in the country is not big enough. Sung Yoon, the Chief Executive Officer

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Crude oil prices hit new multi-year highs as production cuts led by the Organisation of Petroleum Exporting Countries (OPEC) and healthy demand helped to balance the market, but analysts warned of possible overheating. Reuters reported

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Innoson Motors Nigeria Limited CEO Innocent Chukwuma has filed a fresh N200 billion lawsuit against anti-graft agency Economic and Financial Crimes Commission (EFCC). Independent reports that the lawsuit was filed at the Enugu High Court

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The First Executive Chairman of the Economic and Financial Crimes Commission(EFCC), Mr Nuhu Ribadu has said several money laundering frauds happen in Nigeria with the active connivance of banks and their workers. Mr Ribadu who

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Nigerian presidency on Monday reacted to the Q3 GDP figures just released by the National Bureau of Statistics, NBS. The breakdown showed that oil, agriculture and industrial sectors recorded significant growth in recent months. Special

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The Central Bank of Nigeria (CBN) has directed deposit money banks and other financial institutions to monitor accounts of customers where fraudulent activities are suspected. According to a regulatory framework for BVN operations and watch-list

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President of the Manufacturers Association of Nigeria, Frank Jacobs, has warned against the inclusion of Morocco into the Economic Community of West African States, ECOWAS. Speaking with newsmen, Jacobs said the proposed membership of Morocco

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