Central Bank of Nigeria (CBN) has said that the low level of the country’s foreign exchange reserves despite the upsurge in oil production and exports backed by higher global oil price... Read more

Emma Amaize WARRI- THERE was excitement in Koko, headquarters of Warri North Local Government Area of Delta State, popularly remembered for the toxic waste saga, following the arrival, Monda... Read more

International News USD: The dollar hit a record low against the Swiss franc and a four-month trough versus the yen on Tuesday, as investors remained skeptical that U.S. President Barrack Oba... Read more

Emma Amaize Foreign investors from India and Saudi Arabia visited Delta state yesterday to inspect the sites for the proposed 16 billion dollars petro chemical and fertilizer, plants at Koko... Read more

International News USD: The dollar dipped in Asia on Monday as U.S. lawmakers had yet to reach a deal to raise the country’s debt ceiling with only a little over a week remaining before the... Read more

Schlumberger reported second-quarter 2011 revenue of $9.62 billion versus $8.72 billion in the first quarter of 2011, and $5.94 billion in the second quarter of 2010. Income from continuing... Read more

Oscarline Onwuemenyi The Nigerian Extractive Industries Transparency Initiative, NEITI, said it has produced three audit reports covering 10 years and placing in the public domain an amount... Read more

Oscarline Onwuemenyi The Nigeria Extractive Industries Transparency Initiative, NEITI, has accused state governments of not cooperating with anti-corruption officials in the fight against gr... Read more

Bond yields have declined in recent sessions, with the market increasingly taking the view that further interest-rate tightening is unlikely. The appreciation of the Nigerian naira (NGN) in... Read more

International News EUR: The euro rallied to a two-week high against the dollar in Asia on Friday after euro zone officials gave their financial rescue fund sweeping new powers to solve Greec... Read more