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…
Category: Local
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%…
INEC Plans Online Voter Registration, Targets 16 Million Nigerians
IN a bid to address the cumbersome process of voter registration at the various centres in Nigeria ahead of the…
Leave LG Funds, Budget Monitoring Group Tells Govs
THE Niger Delta Budget Monitoring Group and the Civil Liberties Organisation have called on Nigerian governors to stop using local…
AfCTA: Nigeria Plans $50bn Intra-Africa Exports
The National Action Committee on African Continental Free Trade Area Agreement has disclosed plans to achieve economically viable communities in…
Pension Funds Gained N119.68bn From Equity In Q4 – PenCom
Pension fund investment gained N119.68bn from equity in the fourth quarter of 2020, the National Pension Commission has revealed. Figures…
Nigerian Ports Authority Seals Three Illegal Jetties
The Nigerian Ports Authority has sealed three illegal jetties in its bid to clamp down on unseaworthy barges following increasing…
Fuel Marketers Raise Diesel Price To N265 Per Litre
Against the backdrop of the recent rise in global oil prices, some fuel marketers have increased the price of Automotive…
Federal Government Orders Immediate Resumption Of Domestic Flights Catering Services
Catering services, hitherto suspended at the onset of the COVID-19 pandemic are to resume on domestic flights immediately, the Federal…