• Nigeria

    AMCON: Disturbing 350 debtors of N2.5tn

    A recalcitrant group of wealthy Nigerians is holding the national economy to ransom. According to the Asset Management Corporation of Nigeria, established to purchase toxic debts and save the economy from crashing, these people have refused all entreaties to repay their loans totalling N2.5 trillion. This is disturbing. The obligation ...

  • Nigeria

    Doctors seek law regulating bleaching cream

    Eniola Akinkuotu, Abuja Medical doctors under the aegis of the Nigerian Association of Dermatologists, say they have begun the process of meeting with some lawmakers at the National Assembly in order to formulate laws that will regulate the manufacture and use of bleaching cream. The Chairman of the Abuja Dermatology ...

  • Nigeria

    Why higher oil prices cripple Nigeria’s economy

    Economic Renaissance by Henry Boyo lesleba@lesleba.com 08052201997 The crash in crude oil price is usually identified as the major contributor to the prevailing parlous state of Nigeria’s economy. Clearly, the drop from over $120/barrel to a more humble price below $50/barrel, with a significant drop in output, has certainly reduced ...

  • Nigeria

    Nigerians in ‘private’ prisons

    Assurance Ovie, ICT Department, ANEEJ, Benin City, Edo State: There are too many reports of Nigerians in foreign prisons these days. The last report published with The Guardian of Wednesday, June 28, 2017 said that the number of Nigerians in private prisons in Libya was over 2,000. What is the ...

  • Nigeria

    Investors push for interbank rate

    Foreign investors are pushing for the adoption of the interbank rate as the only official exchange rate, The Nation has learnt. The interbank rate closed on Friday at N315.10/$1. It has remained the most stable exchange rate in the last six months. The new demand by investors followed earlier calls ...

  • Nigeria

    Nigeria Economy Performed Beyond Expectation In H1 2017 – Analysts

    By Bukola Idowu, Lagos Although it started out on a note that was not encouraging, analysts say the Nigerian economy has fared better in the first half of 2017 than it did in the past two years due the policies put in place by both the fiscal and monetary authorities. ...

  • Nigeria

    External Reserves Rise 16% In H1 2017

    By BUKOLA IDOWU, Lagos Nigeria’s foreign exchange reserve in the first half of 2017 grew by 16 per cent despite the several interventions of the Central Bank of Nigeria (CBN) at the foreign exchange market standing at $30.271 billion as at June 29, 2017 according to latest data on the ...

  • Nuova Zelanda

    Capital more optimistic as economic conditions improve

    Business confidence is continuing to improve in Wellington, with BusinessNZ also reporting a slight nationwide uptick in economic conditions.  

  • Kenya

    Kenya: Musalia Mudavadi sued for defamation

    National Super Alliance (NASA) co-principal Musalia Mudavadi has been sued by an organisation cited by NASA as having played a part in the alleged conspiracy to award Al Ghurair printing company the tender to print ballot papers.

  • USA

    Business: Bitcoin accepted at New York pre-school

    Marco Ciocca, co-founder and chairman of the Montessori Schools in Flatiron & Soho, added the option in June, after growing inquiries from parents.