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House of Reps commends AMCON over effective management of Arik Air

The House of Representatives has commended the Asset Management Corporation of Nigeria (AMCON) over the handling of Arik Air since it took over the running of the airline a year ago.

Police apprehend man with fake N1 million currency notes in Gombe

The Police Command in Gombe have arrested one, Abbas Abdullahi, 32, in possession of fake N1,000 currency notes totaling N1 million.

NEXIM restates commitment to revival of Multi-Trex

The Nigeria Export-Import Bank (NEXIM) says it will continue to give necessary support and assistance to the revival of Multi-Trex, a cocoa processing plant in the country.

NEXIM restates commitment to revival of Multi-Trex

The Nigeria Export-Import Bank (NEXIM) says it will continue to give necessary support and assistance to the revival of Multi-Trex, a cocoa processing plant in the country.

Germany to add China’s yuan to currency reserves

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs.

Eritrea closes hundreds of businesses for bypassing banks

Eritrea has temporarily shut down nearly 450 private businesses, the latest in a series of moves that has sent shockwaves through the economy of the Red Sea nation.

Mauritania revamps currency in anti-inflation fight

Small lines formed at banks in Mauritania on New Year's Day as customers withdrew new banknotes and swapped cheque books after the government revamped the currency, the ouguiya, in a bid to fight inflation.

Bitcoin plunges as investors suffer reality check

Bitcoin prices plunged by a quarter on Friday as investors cashed out just before Christmas after the wildly volatile currency’s stratospheric rise in recent weeks.

Robert Mugabe: I don’t think anyone should be president for that amount of time...

Zimbabwe President Robert Mugabe should end his attempts to remain in office after the military seized power, as he has no regional diplomatic support to stay in power, Botswana President Ian Khama said on Friday.

Those deliberately devaluing the naira will be arrested – Pastor Adeboye

Concerned by the downturn in the value of the naira in the last few years, the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has said that those responsible will be arrested.

Venezuela’s Nicolas Maduro increases minimum wage by 30 percent

Despite the harsh economic crisis in Venezuela, President Nicolas Maduro has increased minimum wage by 30 percent to the equivalent of $4.30 at the black market exchange rate.

Illegal dollar evacuation to Dubai threatens naira stability – Gwadabe

Alhaji Aminu Gwadabe, the President of Association of Bureaux De Change Operators of Nigeria (ABCON), says consistent evacuation of dollars illegally from Nigeria to Dubai is a threat to stability of the naira.

Nigeria’s economy emerges from recession in second quarter – NBS

Nigeria’s economy grew out of recession in the second quarter of 2017, expanding 0.55 percent year-on-year, the statistics office said on Tuesday.


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Police arrest nine suspected kidnappers in Taraba

The Commissioner of Police in Taraba, Mr David Akinremi, on Tuesday in Jalingo announced the arrest of nine persons suspected to be kidnappers.

Twitter shares plunge on Israel warning, facebook dives

Twitter shares were hammered Tuesday at midday following reports that Israel was weighing action against the company, adding to the growing woes of social media stocks.

Lionel Messi joins Argentina training ahead of Italy clash

Lionel Messi joined up with his Argentina team-mates on Tuesday as they trained at Manchester City ahead of their World Cup warm-up against Italy.

NGOs warn of intimidation as Italy seizes migrant rescue ship

Human rights groups have warned of a campaign of intimidation after Italian authorities seized a Spanish rescue ship and threatened criminal charges against some of its crew members who refused to hand over rescued refugees and migrants to the Libyan coast guard.

Arewa CF: Nigeria can’t survive without the north

The Arewa Consultation Forum (ACF) says Nigeria “can never survive” without the north.

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Donald Trump bans Venezuela’s new cryptocurrency

President Donald Trump has issued an executive order to ban Venezuela’s new national cryptocurrency, the petro. It’s the first cryptocurrency-related executive order a president has issued and another blow to an already dubious virtual token that’s supposedly backed by oil reserves, as Venezuela’s president Nicolás Maduro has said.

Antonio Conte: Lionel Messi will never leave Barcelona

Antonio Conte said he believed Lionel Messi will remain at Barcelona for the rest of his playing days after watching the Argentine maestro destroy Chelsea’s Champions League hopes.

Nigerians react over planned return of evicted #BBNaija housemates

Viewers of the ongoing BBNaija ‘Double Wahala’ reality show, have taken to various social media platform to oppose the return of disqualified housemates.

China, Russia welcome Korean peace efforts with diplomacy in overdrive

China’s President Xi Jinping offered encouragement for South Korea’s initiative to nurture peaceful engagement with North Korea, and Russia also expressed support, the South Korean official leading diplomatic efforts said yesterday.

Super Eagles remain 52nd in latest FIFA world rankings

The Super Eagles of Nigeria remain 52nd in the latest FIFA men’s world rankings released on Thursday.