By Emele Onu with agency report, 07.02.2010    The Central Bank of Nigeria (CBN) has said the proposed Asset Management Corporation of Nigeria (AMCON) will clear $10 billion (about N1.5trillion) of bad loans from the banking system by the end of this year.     CBN Governor Sanusi […]

  07.02.2010    Nigeria’s external reserves dropped by about $900 million this week.The reserves, which opened the week at about $38 billion fell to $37.17 billion yesterday. The reserves, which ended 2009 at $42.40 billion had peaked at $64 billion in August 2008 during the oil boom when the price […]

  By Emele Onu, 07.02.2010   A business, crime and corruption survey in Nigeria, conducted by Economic and Financial Crimes Commission (EFCC) in partnership with the United Nations Office on Drugs and Crime (UNODC) revealed that for more than 70 per cent of Nigerian businesses, crime and corruption constitute the […]