Lufthansa Awaits Clearance On P/H
European carrier, Lufhansa German Airlines yesterday said it was awaiting clearance from the Federal Government to resume flight operations into…
Category: Local
Nigeria Central Bank Sold Dollars On Forward Market Above 400 Naira -Traders
Nigeria’s central bank sold dollars on the forward market above 400 naira to foreign investors for 150-day settlement with the…
Report: CBN Must Accelerate Interventions In 2021 To Boost Economy
A report by the SB Morgen (SBM) has predicted that the Central Bank of Nigeria (CBN) will increase its interventionist…
ICC Prosecutor Seeks Full Investigation Into Nigerian Conflict
The prosecutor of the International Criminal Court on Friday said she would seek a full investigation into possible war crimes…
Economy Expected To Improve December – CBN Survey
A survey conducted by the Central Bank of Nigeria showed that respondents expected the economy to improve in December after…
Naira Will Become Powerful Again – Adeboye
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, says the naira will regain its strength…
Court Declares Stamp Duty Charges On Bank Deposits, Transfers Illegal
A federal high court in Asaba has declared the deduction of stamp duty charges by Nigerian banks as illegal. Nnamdi…
IMF Urges Nigeria To Reduce Debt Vulnerabilities
The International Monetary Fund has said it is important for Nigeria to ensure significant revenue mobilisation to reduce its debt…
Reps Want Interest-Free Banking In Nigeria
The House of Representatives on Thursday unveiled plans to adopt non-interest banking services in Nigeria as part of efforts to…
Oil Price Rally Builds Steam As Coronavirus Vaccine Rollouts Begin
Oil rose around 1% on Friday, extending a sharp rally overnight that saw Brent rise above $50 for the first…
Minister, Shareholders Disagree Over N150b Unclaimed Dividends
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, disagreed with the Independent Shareholders Association of Nigeria…
Crippling Oil Production Cut
The oil production cut by the Organisation of Petroleum Exporting Countries (OPEC) and its allies OPEC+ to stabilise prices is…
‘FG Granted N342bn Waivers To Importers In Two Years’
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has disclosed that the federal government granted about N342…
MMIA New Terminal Ready For Use Q1
The newly constructed terminal at the Murtala Muhammed International Airport (MMIA), Lagos built by Chinese engineering firm, CCECC, will become…
Nigeria To Access Vaccine From Jan, Says Okonjo-Iweala
Chair of the board of Gavi, the Vaccine Alliance, Ngozi Okonjo-Iweala, has assured that Nigeria and other African countries will…
Naira Extends Gains On Dollar At Black Market, Now N476/$1
The Naira extended gains into a second day on Thursday, December 10, appreciating by N2 against the US Dollar at…
Nigeria Plans To Approve Covid-19 Vaccine Early Next Year
Nigeria expects to license by April one of the vaccines under development globally for Covid-19, the West African nation’s drugs…
Nigerian Shell Employees Orchestrated Oil Spills For Own Profit: Dutch TV
Employees at Royal Dutch Shell’s Nigerian joint venture orchestrated damage to oil pipelines to profit from the money spent on…
World Bank Says 20 Million More Nigerians May Fall Into Poverty
The World Bank has predicted that the effects of COVID-19 pandemic could see further drastic deterioration in the standards of…
Nigeria’s Manufacturing Sector Moving In Right Direction — Minister
Following years of struggle to contribute meaningfully to the country’s GDP, Nigeria’s manufacturing sector will soon start to increase its…
Opec Output At Seven-Month High In Nov: Correction
Opec crude production rose to a seven-month high last month, climbing by 805,000 b/d from October thanks largely to a…
Nigeria May Be On Verge Of Second Wave Of COVID-19 Infections Warns Health Minister
Nigeria may be on the verge of a second wave of COVID-19 infections amid rising number of confirmed cases in…
Ports And Cargo Debunks Reports Of Inefficiency
Ports and Cargo Handling Services Limited, the flagship and port operations arm of SIFAX Group, has debunked news reports alleging…
Apapa Gridlock: Truck Owners, Port Operators Allege Extortion By Presidential Team, Others
Importers, clearing agents, truck owners and other operators at the Apapa and Tin Can Island Ports in Lagos have cried…
States Eye Capital Market For Funds To Develop Infrastructure
A wave of fundraising by state governments from the capital market through bonds to develop infrastructure is in the offing,…
Crude Oil Remittance: Court Upholds $1.7bn Arbitral Award In Favour Of NPDC
The Federal High Court in Lagos has upheld a landmark $1.7billion arbitral award in favour of the Nigerian Petroleum Development…
Lagos Bans Burial On Residential Premises
The Lagos State Government says the use of residential premises as morgues, embalmment centres or burial sites remain banned in…
New Profit Alerts From Nigerian Banks Have Less To Do With Virus
It’s not just the pandemic that’s putting Nigerian bank earnings at risk: Competition for customers in the recession-hit economy is…
Banking, FMCG, Industrial Stocks Drag Nigeria Bourse Down As Negative Sentiments Rule Bulls
It was a negative outing at the Nigerian equities market on Tuesday as persistent profit-taking activities, which were also reflected…
How Oil Majors Shift Billions In Profits To Island Tax Havens
Bermuda and the Bahamas aren’t exactly big players in the oil-and-gas world. They don’t produce any of the fuels at…