CBN Cancels Commodity Exchange Privatisation, Invests N50 Billion
In the next 90 days, the Nigerian Commodity Exchange (NCX) will be repositioned to boost production of farmers. This will…
Category: Local
Nigeria: Strengthening The Public University System
The Academic Staff Union of Universities (ASUU) was founded in 1978 as an educational trade union to act as a…
Nigeria: Labour Pushes For 40 Per Cent Reduction In Electricity Tariffs
There is a stalemate in the push for electricity tariffs reversal championed by Organised Labour. Labour is pushing for a…
Nigeria: Presidency Keeps Mum As IG, Adamu, Retires Today
Will President Muhammadu Buhari replace the Inspector-General of Police, Mr. Mohammed Adamu, who is billed to retire today after clocking…
Nigeria: 2023 Igbo Presidency Campaigners Form Coalition
Campaigners for Nigerian President in 2023 from the South-East Zone, at the weekend, formed a coalition to deepen their advocacy…
Nigeria: Buhari Fails To Summon Police Council Meeting, IGP’s Tenure Ends Today
The President, Major General Muhammadu Buhari (retd.), has failed to summon a meeting of the Nigeria Police Council for the…
Nigeria: NCC Moves To Curb Data Depletion, Faulty Deductions
The Nigerian Communications Commission (NCC) has stepped into all cases of data depletion and wrong deductions of consumers’ credit through…
External Reserves Hit $36.39bn On Improved Crude Oil Price
The external reserves stood at $36.39bn as of January 27, the latest figures from the Central Bank of Nigeria revealed.…
Dutch Court Rules Shell Liable For Niger Delta Oil Spills
An appeals court in the Netherlands on Friday ordered Royal Dutch Shell to pay compensation to Nigerian farmers over oil…
Nigeria: FG Donates Relief Materials To Over 2,000 IDPs In Zamfara — Commission
The National Commission for Refugees, Migrants, and Internally Displaced Persons, on Friday, launched the distribution of relief materials to over…
Nigeria, Middle East Trade Volume Hits $19.3Bn
The bilateral trade volume between Nigeria and the Middle East reached $19.3 billion in 2019 while Nigeria’s export to China…
FG Commits $670M On $3.5Bn Brass Methanol Plant Construction
The Federal Government has committed an equity investment of $670m for the construction of 10,000 tonnes per day methanol production…
Tobacco Control: CAPPA Launches TakeApart Nigeria Report
Corporate Accountability and Public Participation Africa, CAPPA, on Friday, launched the TakeApart Nigeria report entitled “The Big Tobacco Allies— How…
COVID-19: Nigeria Records 27 Deaths In One Day
The Nigeria Centre for Disease Control (NCDC) on Friday reported 27 coronavirus -related deaths, bringing the total number of those…
New IGP: Be guided by Police Act 2020, legal Practitioner Counsels Buhari
An Abuja based legal practitioner, Barrister Silas Joseph Onu has called on President Muhammadu Buhari to name a new Inspector…
These Budget Numbers Show What Nigeria Can Learn From Lagos
Nigeria can look to an in-house example for inspiration on how to better manage its finances. Lagos State, Nigeria’s commercial…
AFCFTA: FG Pushes ECOWAS Brown Card Scheme
INSURANCE As Nigeria settles down to the implementation of the African Continental Free Trade Area, AFCFTA, the Federal Government, FG,…
‘Nigeria’s Manufacturing Sector Still Struggling To Survive’
Despite the ability to take millions of people out of poverty by way of providing employment opportunities while also creating…
FG Restructures Commodities Exchange, Halts Privatisation Plans
The Federal Government is repositioning the Nigerian Commodities Exchange into a commercially viable platform for delivering efficient pricing of Nigeria’s…
IMF Foresees Improved Capital Spending In Nigeria
The International Monetary Fund (IMF) has projected that Nigeria’s capital spending will improve this year while anticipating that financing the…
Market Capitalisation Hits N22tr Mark On Sustained Bargain-Hunt
Following sustained bargain-hunting in most blue-chip stocks, transactions at the Nigerian Stock Exchange (NSE) continued upbeat, as market capitalisation of…
No Amount Of Funds For Education Is Sufficient, Says Ex-ASUU Chair
Immediate past Chairman, Academic Staff Union of Universities (ASUU), Nnamdi Azikiwe University, Awka, Anambra State, Prof. Dennis Aribodor has canvassed…
Indigenous Oil Operators Keen On Expansion Amid Downturn
Despite the current downturn in the global oil and gas sector, some indigenous operators in Nigeria are stepping up efforts…
Improved Crude Oil Prices Shoot Nigeria’s External Reserve To 36.23Bn
The CBN says Nigeria’s Foreign Exchange Reserves rose from 34.94billion dollars in November 2020 to 36.23billion dollars as at Jan…
VAT Collections Hit N454.69b In Q4
The Federal Inland Revenue Service (FIRS) collected Value Added Tax (VAT) worth N454.69 billion in the fourth quarter (Q4) of…
Company Income Tax Drops By N120.29bn
Total revenue from Company Income Tax dropped by N120.29bn in the fourth quarter of 2020. The National Bureau of Statistics…
Investors’ Wealth Soar By N440 Billion In Three Trading Days
Analyst predicts increased bargain-hunting Transactions on the floor of the Nigerian Stock Exchange (NSE) sustained a current rally for the…
Nigeria’s Electoral Act: INEC Chair, Senators In Final Push To Amend Law
Senators and some national commissioners of the Independent National Electoral Commission (INEC), including its chairman, Prof. Mahmood Yakubu, yesterday, met to…
Nigerians React As Buhari Appoints New Service Chiefs
Nigerians yesterday expressed conflicting views as President Muhammadu Buhari finally replaced the nation’s defence chiefs. While some applauded the action,…
Banks’ Credit To Economy Hit N25tn In 2020
Banks’ total credit to the economy rose to N25.02tn as of the end of 2020, the Central Bank of Nigeria…