The Central Bank of Nigeria has devalued the Naira by N13. The currency now stands at N168 to $1. The Naira rose to a record 180 to $1 last week following a the fall of global oil price and a consequent nosediving of the Nigerian economy. CBN said that the devaluation is part of efforts […]
President Goodluck Jonathan has said that all state capitals cities in the country would be linked with rail transportation to boost the nation’s economy. Jonathan stated this in London at the 17th meeting of the Honorary International Investment Council (HIIC) with the theme: Rail Transportation. He said that with such nationwide rail coverage, roads and highways […]
The Central Bank of Nigeria (CBN) has approved the appointment of Uzoma Dozie as the new Group Managing Director and Chief Executive Officer of Diamond Bank following the voluntary resignation of Dr Alex Otti. Otto resigned last week to pursue his gubernatorial ambition in the 2015 general election. The bank said that the decision to […]
By Abraham Godwin. The United States of America has alarmed the business community about her decision to halt oil trade with Nigeria following the discovery and utilisation of shale oil and gas. America’s latest decision was made known by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, recently. She said the United States (US) has […]
