Feb 1, 2017

Corruption Perception Index

In January 2017, Transparency International released its 2016 Corruption Perception Index (CPI)1 report, which examined the perceived level...
Jan 30, 2017

China emerges Nigeria’s leading source of imports with US$1.6 billion

It emerged at the weekend that China is now Nigeria’s leading source of imported goods with an import value of US$1.6 billion (N478...
Jan 30, 2017

China Exim bank approves N408 billion for Lagos-Ibadan rail project

About a week after the Federal Government announced the release of N72 billion as its counterpart fund for the construction of the...
Jan 30, 2017

FG approves right of way for Lagos Red Line project

The Lagos State Government at the weekend disclosed that the federal government had finally approved right of way for the construction of...
Jan 30, 2017

CBN queries banks over inaccurate FX utilisation publication

The Central Bank of Nigeria (CBN) yesterday disclosed that it recently queried some commercial banks that forwarded inaccurate data on...
Jan 30, 2017

FG approves modern internal audit process for MDAs

The Federal Government has given approval to the Office of the Accountant General of the Federation to commence the modernisation of the...
Jan 30, 2017

Nigerian interbank rate eases on liquidity injection

Nigeria's interbank lending rate dropped 6.5 percentage points on Friday to 5% on average as the money market was awash with cash from...