Nigeria To Resume Fuel Imports From Niger Republic
Nigeria, Africa’s biggest oil producer, is set to resume the importation of petroleum products from a neighbouring country, Niger Republic.…
Category: Local
Oil Rises, Set For Weekly Gain, On Covid-19 Vaccine Optimism
Oil rose, heading for a third weekly gain, as positive Covid-19 vaccine developments offered bulls encouragement about the market’s prospects…
Nigeria: Customs Decries Smuggling Activities In Niger, Kwara Communities
Nigeria Customs Service (NCS) has listed some communities inKwara and Niger as notorious for smuggling activities over the years. The…
FG Urged To Tackle Multiplicity Of Inspection, Shipping Charges
To ensure the drive by the federal government to boost exports succeeds, the government has been urged to simplify the…
Nigerian High Commission Seeks Release Of 12 Nationals From Meghalaya Jails
An official of the Home (Prisons) Department said that at least 12 Nigerian nationals are presently lodged in Shillong and…
Nigeria’s Yemi Edun Listed Among Britain’s Most Influential Black People
Nigerian-born London property expert and acquisition agent, Yemi Edun, was Tuesday named among one of the UK’s Most Influential Black…
Financial Inclusion: Ray Of Hope As CBN Licenses PSBs
Bank account ownership is quite compulsory in many developed countries of the world. Research shows that nearly half of the…
Lagos Free Zone To Boost Nigeria’s GDP By Two Per Cent
BUSINESS Experts have expressed confidence that the Lagos Free Zone (LFZ) has the capacity to contribute around two percent of…
Survey: Nigerians Expect Weaker Economy If Inflation Rises Faster —CBN
The Central Bank of Nigeria has said more than 60 per cent of Nigerian households it surveyed in September believed…
NNPC Set To Grow Crude Reserves To 40bn Barrels
The Nigerian National Petroleum Corporation (NNPC) has assured of its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels…
Nigeria: Terminal Operators Assure NPA Of Support
The Seaport Terminal Operators Association of Nigeria (STOAN) has promised to support the Nigerian Ports Authority (NPA) in replacing some…
Nigeria Police Launch Cybercrime Reporting Portal, Nab 3, Uncovers 50,000 Fraudulent Emails, Passwords
The Nigeria Police Force (NPF) has unveiled a cybercrime reporting web portal: https://incb.police.gov.ng/ as part of efforts at ensuring ease…
CBN List Requirements For Third Party Participation In Buying Forex Routed Through Form
The Central Bank of Nigeria (CBN), in a new circular, has clarified its position on the removal of third parties…
Nigeria Spends $500m Annually Importing Palm Oil, Says FG
Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations on Thursday said Nigeria was…
Nigeria: Slashing Import Duty On Vehicles Will Increase Unemployment
Government’s plan to slash import duties and taxes on tractors, buses and passenger vehicles will increase unemployment, Peugeot Automobile Nigeria…
Nigeria Sliding Into Bankruptcy, Says Secondus
National chairman of the Peoples Democratic Party, PDP, Prince Uche Secondus has said Nigeria under the watch of President Muhammadu…
Nigeria Denies CNN Report Saying Army Killed Protesters
Nigeria dismissed an investigative report by CNN alleging that its security forces killed unarmed protesters last month in the country’s…
Nigeria Threatens To Sanction CNN Over Investigation And Denies Security Forces Shot At Protesters
Protesters Victor Sunday Ibanga, left, and Wisdom Okon. Their families say they haven’t seen them since the protest on October…
‘Nigeria’s Unemployment Deadlier Than Covid-19, Boko Haram’
The 1993 Presidential Aspirant under the defunct National Republic Convention (NRC), Alhaji Lema Jibril, has said that the challenge of…
Nigeria, Niger Sign Agreement On Petroleum Products
The MoU was reached following bilateral agreements between President Muhammadu Buhari and President Mahamadou Issoufou of Niger. The federal government…
Anger As FG Eyes N200b ‘Idle’ Funds
Shareholders, economists and securities expert have reacted angrily to Federal Government’s plan to plough N200 billion unclaimed dividends into its…
Nigeria Should Sanction CNN For Report On Shooting Of Protesters – Minister
Nigeria should sanction CNN for a report that the country’s military shot and killed protesters demonstrating against police brutality, a…
Naira Weakens Further As Dollar Sells For 478
The naira extended its decline on Wednesday at the parallel market as the United States dollar was sold for N478.…
Nigeria: 2021 Budget Report Ready On Dec 3
The Senate Committee on Appropriation on Wednesday promised to submit the harmonised version of the 2021 budget at plenary on…
Rewane Foresees Bright Economic Outlook For Nigeria In 2021
The Chief Executive Officer of the Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane has predicted that Nigeria’s economy will…
Nigeria:N69.4bn Debt AMCON Seizes Jimoh Ibrahim’s Properties, Freezes Accounts
The Asset Management Corporation of Nigeria has taken over 12 assets belonging to Chairman of Global Fleet Group, Jimoh Ibrahim,…
Nigeria: Manufacturing PMI Records Expansion After Six Months Contraction
MONEY MARKET The Manufacturing Purchasing Managers’ Index (PMI) for November 2020 recorded expansion after six consecutive months of contractions (May…
Nigerian Stock Exchange Members Back Flotation Plan
The Nigerian bourse won approval from its members on Wednesday for a stock market flotation that will turn the exchange…
Nigeria: FEC Approves Finance Bill 2020
The Federal Executive Council (FEC), presided over by President Muhammadu Buhari on Wednesday approved the Finance Bill 2020, to support…
Naira Devaluation Pushes FAAC Disbursement To N2trn In Q3 — Highest In 2020
This is contained in the quarterly review report released by the Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday. A…