archiveJanuary 23, 2019

Foreign investors sold off Nigerian stocks valued at 642.65 billion naira (R29bn) last year, stock exchange data showed, 48 percent more than in 2017 as worries over weak growth amidst lower oil prices depressed sentiment. Risk aversion triggered by interest rate rises in the United States reversed capital flows to...

The presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, has expressed disappointment as Ghana overtook Nigeria as the top recipient of Foreign Direct Investment (FDI). The former vice-president said that sadly, this unfortunate economic indicator has escaped the attention of the current administration, who are more interested...

  President of the Nigeria Labour Congress, Ayuba Wabba, has lamented that minimum wage can barely provide basic necessities of life for workers in many parts of the world, noting that one per cent of the world population now controls half of the global wealth. Wabba made this known on...

The Senate on Wednesday confirmed Modibbo R. Hamman Tukur as director of the Nigerian Financial Intelligence Unit. President Muhammadu Buhari had nominated him as the director of the Nigerian Financial Intelligence Unit on January 7 in accordance with the provision of Section 5(1) of the Nigerian Financial Intelligence Unit (NFIU)...