Chief As Nigerian’s total debt hits $48.49 billion, more concerns are being raised over the rising level of the country’s debt, both home and abroad. Currently, Nigeria’s external debt stock stands at $6.52 billion or N1.016 trillion ...
With a steady liquidity boost, interbank rates stabilised below the Monetary Policy Rate (MPR) of 12 per cent for active tenors in March while the monetary authority became more strategic in its liquidity management drive. According to the Financial Ma...
The widely acknowledged role of small and medium scale enterprises in fostering economic growth and development notwithstanding, the sector has continued to face several challenges. Some of the challenges they face are inadequate inf...
Nigeria spent a total of $6.42 billion on importation at the end of the fourth quarter of 2012, the Central Bank of Nigeria (CBN) has said. The CBN in its External Sector report of the fourth quarter of the year said the amount was spent on the importa...
Fresh facts have emerged indicating possible plot by the management of the Aluminium Smelter Company of Nigeria (ALSCON), UC RUSAL of Russia, to strip the plant of its assets by declaring them obsolete. Revelations in the companys Financial Statements ...
A randy husband Edwin (surname withheld) at the Junior Staff Quarters, Asaba, Delta State, has put his wife’s bosom in the family way three months after wedding. Reports said Edwin’s wife on Thursday last week moved out of her matrimonial h...
Ahead of the 2015 elections, the Alliance for Credible Election (ACE) has warned that the poor planning by the Independent National Electoral Commission (INEC) could undermine the elections. The civil society organisation, which accused INEC of “...
The Nigerian Communications Commission (NCC) yesterday in Abuja unveiled a new five-year strategic management plan to drive its telecom regulatory mandate in the fast evolving telecom industry in the next five years from 2013 to 2017. The formal unveil...