Federal Government Begins Disbursement Of N68m Grant To Edo Rural women
The Federal Government, on Wednesday, commenced the disbursement of N68m grant to 3,400 rural women in Edo State as part…
Category: Local
Refineries: Reps Probe $1.5bn Planned Rehabilitation, Past Repairs
The House of Representative has resolved to investigate the fresh $1.5bn recently approved by the Federal Executive Council to rehabilitate…
Insecurity Worsens Nigeria’s Inflation – CBN Boss, Emefiele
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has said that the country’s rising inflation was due to…
NDLEA Lagos Airport Command Seizes 979.667kg Drugs In Three Months, Convicts 12
Between January 2021 and March 2021, the National Drug Law and Enforcement Agency (NDLEA), Murtala Muhammed Airport Command said it…
Cash Is King For Emerging Nations Facing Spike In Funding Costs
Cash is king may well be the mantra for emerging markets this year. With the relentless increase in Treasury yields…
NPA Suspends Export Receipts At Lagos Ports, Clamps Down Illegal Jetty Operators
Nigerian Ports Authority (NPA) has announced two weeks suspension of export receipts at Lagos seaports and all satellite truck parks, with…
Oil Resumes Advance Alongside Broader Market Rally
Oil resumed gains alongside a broader market rally and after a weekly U.S. inventory report showed signs of an uptick…
Tugs Work To Free Giant Container Ship Stranded In Suez Canal
The shortest shipping route from Europe to Asia remained blocked on Wednesday as eight tug boats struggled to free one…
Naira 4 Dollar: Nigerians In Diaspora Remit $40 Million In One Week
The Central Bank of Nigeria’s Naira4Dollar scheme may have attracted about $40 million in foreign remittances in one week, according…
Nigeria Obtains $1 Billion Loan To Support MSMEs— Minister
The facility has a long-term tenor, alongside moratorium benefits. The Bank of Industry (BoI), under the supervision of the Ministry of…
Court Orders Extension Of The Nigerian Identification Number (NIN) Registration By Two Months
Justice Maureen Onyetenu of the Federal High Court sitting in Lagos has ordered the extension of the deadline for National…
Dangote Cement To Pay Over N97billion In Corporate Tax For 2020
Africa’s largest cement producer, Dangote Cement Plc has remained a major contributor to the economy with a tax charge of…
Nigeria: Federal Housing Authority Begins Payment Of 200 Contractors
The Federal Housing Authority on Tuesday said it had commenced the payment of contractors who had completed their jobs. Last…
We Disburse $80m Weekly For School Fees, BTAs – Emefiele
In view of the lingering foreign exchange scarcity in the country, the Central Bank of Nigeria has urged Nigerians not…
BUA Chairman Rabiu Launches $100m Annual Africa Fund
The Abdul Samad Rabiu Initiative has launched a $100m Annual Africa Fund for social development and renewal; $50m to Nigeria…
Federal Government Certifies 269 Soil Doctors, Agriculture Extension Workers
The Federal Government on Tuesday announced that it had issued certificates to 269 soil doctors and agriculture extension workers and…
Federal Government Justifies $100 Charges, Others Imposed On Nigerians In Diaspora
The Federal Government has said charges and levies imposed on Nigerians in diaspora at the foreign missions are due to…
Federal Govt Of Nigeria Okays N1.134tr For 12 Roads
The Federal Government on Tuesday said it has voted N1,134,690,048,000.76 as the initial capital for the construction of 12 roads.…
Report Banks Hoarding Forex – Central Bank Of Nigeria Tells Nigerians
In view of the lingering foreign exchange scarcity in the country, the Central Bank of Nigeria has urged Nigerians not…
Nigeria Devalues Currency As It Adopts Flexible Rate
Nigeria adopted a new flexible exchange-rate policy for official transactions in a move that effectively marks the third devaluation of…
Marginal Fields: FG Set To Realise $500m Target As Buyers Pay 50% Of Signature Bonus – Sylva
THE Federal Government, Tuesday, said it would likely realize the $500 million (N189.5 billion) target from the sale of the…
Path to varsity/poly certificate dichotomy, by FG
The Federal Government, yesterday came out clean on the perennial first degree/HND dichotomy, stating that the crisis could only be…
FG Plans To Commit $3 Billion In Power Sector In 24 Months
The Federal Government disclosed a plan to commit $3 billion to the power sector in the next two years. The…
Oil Market – Nigeria’s Bonny Light Price Dips By 36% – Investigation
With the continued negative impact of the Coronavirus pandemic and other factors, the average price of Nigeria’s Bonny Light has…
Accounting Profession Needs Flexibility To Help Economy’
AO & FA Consulting has said its entry into the financial sector will add value to Nigerian economy. With a…
CBN Releases List Of 47 Approved IMTOs
The Central Bank of Nigeria (CBN) has released the list of 47 International Money Transfer Operators (IMYOs) approved to receive…
FG To End Electricity Subsidies by December 2021
The federal government intends to end the current subsidy being paid on electricity by the end of the year, Special…
Jamoh Lauds Buhari For Approving Cabotage Fund Disbursement
The Director-General of Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh has lauded the President, Major General Muhammadu Buhari…
CAC To Destroy Unclaimed Documents From April 30
The commission gave the warning in a notice titled “unclaimed certificates/documents”. In July, CAC announced that it will at its…
Attractive Yields Expected To Weigh On Nigerian & U.S Stocks
The Nigerian stock market continued its bearish streak for the 7th consecutive week as the All-share index dipped by 0.69%…