More Worries Over Rising Inflation Amid Static Household Incomes
Nigerians have been struggling with some unpleasant news lately, especially from the National Bureau of Statistics. Many were however not…
Category: Local
Buhari Returns From Medical Trip, Expresses Confidence In Service Chiefs
Abuja — President Muhammadu Buhari yesterday returned to Nigeria after a 17-day medical trip to London, the United Kingdom. Buhari…
Naira Stable At Official, Parallel Markets
Nigeria’s naira gained marginally against the U.S. dollar at the I&E window of the foreign exchange market on Wednesday, data…
Federal Government May Earn N30bn From Cargo Transfer To Onitsha Port, Others
The federal government may have struck gold with the plan movement of cargo from Lagos ports to inland ports across…
Central Bank Of Nigeria Mulls Forex Ban On Sugar, Wheat Importation
The Central Bank of Nigeria (CBN) says it is planning to include sugar and wheat on the list of import…
Federal Government Supporting Private Developers To Provide Electricity – Osinbajo
The Federal Government is currently supporting private developers to provide electricity through solar energy, the Vice President, Prof. Yemi Osinbajo,…
Govt Begins Commercialisation Of Federal Mortgage Bank
The Federal Government on Thursday announced that it had commenced the process for the full commercialisation of the Federal Mortgage…
Over 43 Oil, Gas Cases Waiting To Be Resolved – DPR
The Department of Petroleum Resources has said over 43 cases in the Nigerian oil and gas industry are waiting to…
Kwara Distributes Facilities To Prevent Bird Flu
The Kwara State Government has distributed biosecurity materials to Poultry Farmers in the State. The equipment, which comprised disinfectants, motorised…
Experts Blame Insecurity, Low Production, Forex As Inflation Hits 18.17%
Nigeria’s rate of inflation, which has maintained a continuous increase for more than a year, rose again in March, hitting…
Printed N60bn: Central Bank Nigeria Faults Obaseki, Governor Maintains Stand
The Edo State Governor, Mr Godwin Obaseki, has urged the Federal Government to take urgent steps to end the current…
Controversial Payment: RCCG Petitioner Apologises As Fashola Faces Senate
The Minister of Works and Housing, Mr Babatunde Fashola, on Thursday, explained how his Ministry paid N151m to the Cartil…
Nine Power Plants Shut, Federal Government Apologises For Outages
The Federal Government on Thursday said nine power plants were currently shut down, as this was why power outages had…
Bank Fines, Suspensions Weighed By Zimbabwe For Currency Gouging
Zimbabwe is considering penalizing domestic banks, telecommunications operators and other businesses over what the government describes as profiteering off the…
N5.4tr Debt: AMCON Seeks Special Tribunals To Try Debtors
The Asset Management Corporation of Nigeria (AMCON) is seeking the establishment of special tribunals to try those owing it N5.4…
Firm To Raise N20bn Via Lagos Commodities Exchange
Voriancorelli, the first company screened for listing on the Lagos Commodities and Futures Exchange, is seeking to rVise N20bn through…
Oil Price May Hit $70 Per Barrel By Mid 2021
S&P Global Platts has predicted that global oil prices will climb above $70 per barrel around mid-2021 as improved supply…
BDC Operators To CBN: Make Us Pay Agents For Diaspora Remittances
The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to make…
Oil Edges Lower After Jumping On U.S. Crude Stockpiles Draw
Oil edged lower in Asia after jumping almost 5% on Wednesday as U.S. stockpiles data added to signs the demand…
Nigerian Crude Oil Sold At Deeper Discount, Says OPEC
Amid the availability of large volumes of unsold cargoes in the West African market, three of Nigeria’s major crude oil…
Avoid Reckless Money Printing To Fund Deficits, Experts Warn
Five days after Edo State Governor, Godwin Obaseki, released a bombshell, saying Nigeria was in huge financial trouble after the…
AMCON Seeks Accommodation In BOFIA 2020
The Asset Management Corporation of Nigeria (AMCON) has approached the National Assembly to accommodate it in the provisions of the…
Federal Government Counters Obaseki, Denies Printing N60bn To Augment FAAC
The federal government yesterday faulted a claim by Governor of Edo State, Mr. Godwin Obaseki, that it printed N60 billion…
Inflation Rises To 18.17%
The Consumer Price Index (CPI) which measures inflation further increased by 18.17 per cent in March compared to 17.33 per…
Growing Concerns As Fluctuating Naira, Unstable Power Supply Scare Investors From Nigeria
Lagos — More foreign investors may dump Nigeria for neighbouring countries in the next couple of months as the harsh…
CBN Calls For Improved Corporate Governance In BDCs
ECONOMY The Central Bank of Nigeria, CBN, has called on bureaux de change (BDCs) directors to improve on their corporate…
Bureau De Change Firms’ Turnover Hit N1trn Annually
Bureau De Change(BDC) operators are already pulling a turnover of N1 trillion annually, hence, demanding that they should allowed to…
ABCON Urges CBN To Make BDCs Diaspora Remittances Agents
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to make…
Senate Confirms Shaba As NASRDA DG
The Senate on Wednesday confirmed the appointment of Dr. Halilu Shaba as the Director-General of the National Space Research and…
Ex-Oyo, Ondo Military Administrator, Usman, Dies
A former Military Administrator of Oyo State, Colonel Ahmed Usman, is dead. He was said to have died around 3.00am…