Otunuga: Rising Gold Prices May Support Nigeria’s Economy
As the federal government grapples with the challenge of finding solutions to Nigeria’s current economic woes, the Senior Research Analyst…
Category: Local
Transport Cost, Major Driver Of Inflation — Finance Minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the inflation rate in Nigeria is largely…
Naira Weakens To 470/Dollar Despite CBN Interventions
The naira weakened to 470 against the United States dollar in the parallel market on Friday despite the interventions of…
Palm Oil Price Further Increases In Enugu Major Markets
The price of palm oil has further increased in major markets across Enugu metropolis, the News Agency of Nigeria (NAN)…
Nigeria’s Naira sinks to lowest level in weeks
Nigeria’s currency, the Naira closed the week, falling to its weakest level in six weeks as Central Bank of Nigeria…
Nigerians Now More Conscious Of Their Rights, IGP Tells Police
The Inspector-General of Police (IGP), Mohammed Adamu has cautioned policemen on how they carry out their duty saying that society…
Nigeria’s Strength Lies In Export Of Services, Says Awolowoź
The Managing Director and Chief Executive Officer, Nigeria Export Promotion Council, Segun Awolowo, says Nigeria has an advantage over other…
Nigeria Case Against JP Morgan Over OPL 245 Oil Deal To Go To Trial
A lawsuit launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion (1.29 billion pounds)…
Airlines’ Financial Status, COVID-19 Losses Stir Controversy
The actual financial status of operating local airlines and how much they lost to the COVID-19 pandemic disruption is a…
‘Nigeria Could Face $20b Loss In Export Revenue’
Nigeria and four other oil producers on the continent could each be facing $20billion or more in lost export revenue…
Naira Woes Continues, Crashes To N468/$1 At Black Market
Things are beginning to get worse for the Nigerian Naira at the parallel as it further crashed at the segment…
Nigeria Won’t Relax COVID-19 Rules During Christmas – Official
Mr Aliyu said that Nigeria is currently worried with the rising cases of COVID-19 pandemic across the globe hence the…
FG Set To Reopen Kano, Port Harcourt Airports
The Federal Government is set to reopen the Kano and Port Harcourt International Airports three months after it opened the…
CBN’s FX Intervention Rises By 25% To $1.9bn In One Month
The Central Bank of Nigeria (CBN) intervention across Foreign Exchange (FX) market segments increased in October, with total intervention sales…
Buhari Urges Investors To Take Advantage Of Nigeria’s Resources For Investment
President Muhammadu Buhari Thursday in Abuja urged international community and investors to take advantage of the country’s diversity in human…
FG Adopts Alternative Dispute Resolution To Attract Investments
The Federal Government is promoting the adoption of Alternative Dispute Resolution (ADR) and creating the necessary infrastructure to enhance the…
Nigeria Probes Protesters Under Terror-Financing Law
Nigeria is investigating prominent participants in recent protests against police brutality for possible violations of a law against financing terrorism.…
Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects
With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired…
Nigerian Currency Falls To N466/$1, N600/£1 At Black Market
The Naira recorded losses against both the United States Dollar and the British Pound Sterling at the black market segment…
Internet Economy In Nigeria, Others To Reach $180bn In 2025
The Internet economy has the potential to contribute $180bn to the economy of Nigeria and other African countries by 2025,…
FG To Unveil Techno Oil’s LPG Terminal
The federal government’s drive to stimulate job creation has started yielding dividends as the Techno Lagos Oil Limited is set…
Nigeria Ratifies Its Membership Of AfCFTA
Nigeria on Wednesday ratified its membership of the African Continental Free Trade Area (AfCFTA) less than a month before the…
Nigerian Billionaire Benedict Peters Eyes Platinum Mine In Zimbabwe
Harare — Bravura Holdings, owned by Nigerian billionaire Benedict Peters, has $1bn available for the development of a platinum mine…
Nigerian Protests: A Once-In-A-Generation Moment For Change
Last month, the protests that gripped Nigeria for weeks reached a bloody peak. On October 20, security forces opened fire…
CBN Accuses #EndSARS ‘Promoters’ Of Terrorism Financing
The newspaper quotes a written address in support of a motion ex parte filed by the CBN saying the funds…
‘Loan Defaults Worsened In Third Quarter’
Defaults in unsecured loans to household and small businesses during the third quarter worsened and this is expected to continue…
Don’t Relocate, FG Tells Nigerian Traders In Ghana
The federal government has asked Nigerian traders in Ghana not to relocate but exercise more patience adding that they are…
Nigerians In Canada Flay FG For Freezing #EndSARS Protesters’ Account
A group christened the Coalition of Nigerians in Canada (CONIC) has condemned the Federal Government’s decision to freeze the bank…
NNPC Remits N1.8 Trillion Into FAAC In 13 Months
The Nigerian National Petroleum Corporation (NNPC) says it remitted N1.8 trillion into the Federation Account Allocation Committee (FAAC) between August…
‘National Carrier Outdated, Signifies Waste Of Resources’
The Federal Government, through the Minister of Aviation, Senator Hadi Sirika, has again reawakened the hitherto sleeping plan to float…