Flour Mills of Nigeria Plc has said that it has invested N7bn in a facility that will ensure that its production process is boosted. Specifically, the company said on Friday that it had concluded agreements for the supply of a new edible oil extraction and refining facility to be established […]

The volume of cash transactions undertaken outside financial institutions in the month of October 2011 rose by N16.8bn despite measures aimed at making Nigeria run a cashless economy beginning from this year. According to the Central Bank of Nigeria, the currency in circulation during the period rose by 1.2 per […]

Indications have emerged that the Ministry of Finance may soon approve a request by the Nigerian Stock Exchange to restructure bad loans of operators in the capital market. A reliable source in the ministry told our correspondent on Friday that the Finance Minister, Mrs Ngozi Okonjo-Iweala, had received the request […]