DPR Cautions Against Panic Buying, Hoarding Of Petrol During Festivities
The products are available, and the government has made sufficient provision to cover this festive period till 2021. As Nigerians…
Category: Local
Naira Devaluation As False Economics
After decades long of word counts and verbal exchanges on Naira devaluation and “oil subsidy removal”, yours sincerely is truly…
FG Crashes Data Price By 50 Percent
The Federal government said on Thursday that the price of data has been reduced by more than 50 percent following…
My Account Frozen Over N30,000 Protest Donation –#EndSARS Campaigner
An #EndSARS campaigner, Saadat Bibi, has said her account with Access Bank was frozen on the instruction of the Central…
Naira Bounces Back At Black Market With N5 Gain
Against all odds, the Naira came back stronger against the US Dollar at the parallel market on Wednesday, December 9,…
INFLATION: Agusto & Co Warns Nigerians Against Liabilities In Hard Currencies
Due to the weakening of the Naira value against the world’s major currencies, Nigerians should not build up liabilities in…
Shell Former Upstream Chief: Nigeria Oilfield Deal Was ‘Lawful And Correct’
Shell’s former international upstream head Malcolm Brinded had no reason to think that the awarding of the OPL-245 oilfield license…
Special Report-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…
US Visa Applicants Should Answer Officers’ Questions Honestly – Consular Coordinator
Susan Tuller is the country consular coordinator for the US Mission in Nigeria. Prior to Lagos, she had served as…
Weak Naira Threatens Nigerians’ Ability To Afford International Degree
As dollar shortage in Nigeria persists amid falling oil prices due to the global demand drop in the wake of…
38,051 Foreigners Applied For Nigeria Citizenship In 2 Years – FG
THE Federal Government on Wednesday disclosed that it received a total of 38,051 Citizenship applications from September 2018 to October…
Rising Exchange Rate Poses More Difficulty For Importers, Says Expert
Continuous rising of foreign exchange may pose more difficulty for importers in the coming year, the National President, Association of…
OPEC: Nigeria’s Crude Oil Export Earnings Rebounded By 116% In November 2020
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil export earnings recorded a rebound of 116 percent in…
Nigeria’s Foreign Trade With US Slumps As Exports Drop
Nigeria’s foreign trade with the United States has averaged N2 trillion in the last 3 years but is on track…
‘Polaris Bank Paying Dollars To Money Transfer’s Beneficiaries’
POLARIS Bank has started the payment of dollars to beneficiaries of money transfer across all its branches. The bank, in…
Fed Govt Scores Port Operator Low On Automation
The Nigerian Shippers Council (NSC) on Tuesday scored the Port & Cargo Handling Services (P&CHS) Limited very low on automation…
New N162 Petrol Pump Price Triggers Confusion, Queries
At a time Nigerians are yet to come to terms with the last increase in pump price of Premium Motor…
Hope Rises For Cocoa Farmers As NEXIM Pledges Support For Value Chain Development
The Nigerian Export-Import Bank (NEXIM) has pledged to assist players in the African cocoa value chain so as to boost…
Nigerian Arrested At Jomo Kenyatta Airport Carrying Sh100m In Bag
The Assets Recovery Agency (ARA) is seeking court orders to freeze over Sh100 million seized from a Nigerian at the…
Naira Devaluation Risky For Foreign Currency Loans, Says Report
The devaluation of the naira against global currencies will impact negatively on foreign currency loans and weaken capital base for…
Dollar Slips As Vaccine Optimism Saps Haven Demand; Sterling On Edge
nd the risk positivity to continue into next year,” said Craig Chan, head of global FX strategy at Nomura, on…
Ships Risk Detention Over Cybersecurity
Ships that fail to comply with cybersecurity code of the International Maritime Organisation (IMO) may face detention from January 1,…
Unemployment In Nigeria – What Can Be Done?
Perhaps the most deep-rooted millennial problem facing Nigeria is the issue of unemployment. The expectation of the average graduate is…
Nigerian Crude Oil Export Earnings Rebound By 116% In November – OPEC
OPEC Sec Gen says Nigerian government should be commended for its proactive measures that facilitated the rebounding of the its…
Nigeria Plans To Reopen Land Borders As Soon As Possible, Says Buhari
The Nigerian government plans to reopen its land borders, President Muhammadu Buhari has said. He explained that the closure of…
Senate Considers Bill To Blacklist Loan Defaulters
The Senate on Tuesday, passed for second reading, a bill to allow banks recover loans from defaulters, place them on…
Oil Contributes 81% To N2.99tn Q3 Exports
Despite efforts made at boosting non-oil earnings, crude contributed N2.42 trillion to the country’s 2.99 trillion Q3 2020 export earnings,…
Port Congestion Drops By 20% – Shippers Council
Lagos — The congestion at various terminals at the Apapa and Tin-Can Island Ports has dropped to 20 per cent…
Buhari Threatens To ‘Deal Decisively With Violent Protesters’
He said this as protests resurfaced in Oshogbo, Osun State Monday. President Muhammadu Buhari Monday in Abuja warned that “any…
Emefiele, Others Support New Payment Settlement Initiative
The interim Governing Council of the Pan-African Payment and Settlement System (PAPSS) held its inaugural meeting in Cairo, recently, a…