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FEC approves N126bn for 12 road projects

The federal executive council (FEC) on Wednesday approved the award of N126 billion for the construction of 12 road projects. Babatunde Fashola, the minister of power, works and housing, made this

Report: Economic Recovery Will Be Slow, Painful

As Nigeria continues to search for the right policy prescriptions to lift her economy out of recession, the Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane has stated

FG votes N150bn for Lagos-Ibadan Exp, 2nd Niger Bridge

The Federal Government has listed the Second Niger Bridge, the Lagos-Ibadan Expressway, Abuja-Lokoja Road among the “critical economic routes” in the country to be fixed in 2017. The Minister of Power,

FG Unveils Measures to Turn Around Economy, Targets 7% GDP Growth

The federal government Monday unveiled new measures to turn around the Nigerian economy which last year plunged into its first recession in 24 years. The Minister of Budget and National Planning,

Dow hits 20,000 for the first time ever as post-election rally resumes

The Dow Jones Industrial Average traded above 20,000 for the first time on Wednesday, resuming a rally that began in the wake of U.S. President

Again, CBN MPC retains key interest rate at record high

For the second time in four months, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) decided on Tuesday to hold benchmark interest rates at record high of 14

FG releases N72bn for Lagos-Ibadan rail line

The Minister of Transportation, Mr. Rotimi Amaechi, on Monday stated that the Federal Government had released N72bn as its counterpart funds for the construction of the Lagos-Ibadan standard gauge railway

Nigeria Stock Exchange says it is working with MTN on 2017 listing

  Nigeria's Stock Exchange (NSE) is working "very closely" with South African cell operator MTN on a listing of its shares in the country this year, the head of the bourse

Ministry of Finance on roadshow to promote $1 billion Eurobond

Nigeria's Debt Management Office (DMO) has launched a one-week roadshow to Britain and the United States to promote a planned $1 billion Eurobond issue to investors, a

Free-Float Flounders as Nigerian Naira Hits Black-Market Low

Sitting in his cramped office in the basement of a Chinese-themed hotel in Lagos, Abubakar Mohammed complains about a shortage of dollars that’s crippling Nigeria’s economy and driving