Buhari: It Makes No Sense To Sell Petrol Below Saudi’s N168/Per Litre
President Muhammadu Buhari, on Thursday morning, said it makes no sense for petrol to be cheaper in Nigeria than Saudi…
Category: Local
Next Africa: Nigeria’s Buhari Stakes His Legacy On Oil Reform
Nigerian President Muhammadu Buhari has been derided by critics as inept and indecisive on the economy, with some giving him…
CBN Says Nigerian Youth Investment Fund Is Coming Soon
The Central Bank of Nigeria (CBN) has announced that its Nigeria Youth Investment Fund (NYIF) will soon be disbursed. The…
FG Will Complete $1.6bn Lagos-Ibadan Railway December
The $1.6bn Lagos-Ibadan railway project will be completed in December this year or early January 2021, the Minister of Transportation,…
Drydocks Begins Nigeria Project
Drydocks World, the service provider to the marine, offshore, oil, gas and renewable energy sectors, held a steel-cutting ceremony to…
Nigeria Spends $5bn On Food Import, $1.5bn On Milk Annually
The Federal Ministry of Agriculture and Rural Development (FMARD) has estimated that Nigeria spends $5 billion to import foods annually…
Nigeria May Sell Stake In State Oil Company In Industry Overhaul
A long-awaited bill that could reorganize the petroleum industry of Nigeria, Africa’s biggest crude producer, makes provision for a possible…
Manufacturers’ Outstanding Dollar Demands Hit $729,450,430
The inability of manufacturers to access foreign exchange for the importation of raw materials, equipment and machinery has led to…
It Makes No Sense For Oil To Be Cheaper In Nigeria Than Saudi Arabia
The President, Major General Muhammadu Buhari (retd.), says it makes no sense for Nigeria to sell petroleum products at prices…
Nigeria: 60 Years Of Independence, But Not From Oil
As Nigeria prepares to celebrate 60 years of independence on October 1, many say there isn’t much cause for cheer.…
Subsidy Removal Good For Private Refineries – Govt
The Federal Government has said the removal of fuel subsidy, which led to the recent hike in the pump price…
Include Kano Airport Certification In 2021 Budget, Reps Tell FAAN
The House of Representatives has mandated the Federal Airports Authority of Nigeria and the Nigerian Civil Aviation Authority to include…
Sterling Falls After Brexit Bill Opposed By EU Passes UK Parliament
Sterling fell on Wednesday after Britain’s lower house of parliament approved legislation on Tuesday that gives ministers the power to…
In Defense Of BDCs
Bureaux De Change operators in the country have continued to support Nigeria’s growth agenda and the Central Bank of Nigeria’s…
Fitch Revises Nigeria’s Outlook To Stable, Affirms At ‘B’
Fitch Ratings has revised the Outlook on Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed…
FG Lifts Ban On Emirates Airlines
The Federal Government has lifted the ban stopping Emirates Airlines from operating in Nigeria. The Minister of Aviation, Hadi Sirika,…
Nigeria Launches Commercial Operation Of Chinese-Built Railway
The Nigerian government on Tuesday launched the commercial operation of the Itakpe-Ajaokuta-Warri railway, a line linking the northern and southern…
Nigerians Not Benefiting From US Duty-Free Export – NEPC
The Nigerian Export Promotion Council says only few Nigerian exporters have benefitted from the United States duty free trade opportunity…
Nigeria’s Economy Faces $14bn Revenue Gap
THE low price of oil and Nigeria’s over-dependence on the product, currently hovering at $40 per barrel, has culminated in…
Nigeria’s FX Reserves Swell By $200 Mln After Court Ruling
Nigeria’s central bank said on Tuesday its foreign reserves have grown by $200 million after a London court ordered the…
Wonder Banks Bloom In Northern Nigeria: SEC Warns
EFCC and SEC officials after a meeting in Kano: warning about Wonder banks, Ponzi schemes Wonder banks which normally promise…
CBN To Move Gender Financial Inclusion Gap From 8.5% To Zero In 2024
Nigeria’s Central Bank (CBN) is planning to move financial inclusion gender gap from 8.5 percent (based on 2018 data) to…
Factbox-Key Provisions In Nigeria’s Oil Overhaul Bill
Nigeria’s oil reform bill is now with the National Assembly. Due to the political alignment of the legislature with the…
Illicit Transfers Hit N103tr In 15 Years
As admitted by President Muhammadu Buhari, Nigeria is struggling with illicit financial flows (IFF) as successive budgets suffer setbacks in…
COVID-19: CBN Introduces Healthcare Intervention Scheme
The Central Bank of Nigeria (CBN), as part of its policy response to the COVID-19 pandemic, introduces the Healthcare Care…
Buhari Sends PIB To NASS
President Muhammadu Buhari has transmitted the long- awaited Petroleum Industry Bill (PIB) to the National Assembly for passage into law.…
FG Declares October 1 Public Holiday As Nigeria Marks 60th Independence Anniversary
The Federal Government has declared Thursday, October 1, as public holiday to mark the nation’s 60th Independence Anniversary celebration. The…
With Deregulation Nigeria’s Refineries Can Function Optimally, Petroleum Minister Assures
Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva on Tuesday said he believes the nation’s refineries have the capability…
Osinbajo Urges Global Action Against Illicit Financial Flows
Vice President Yemi Osinbajo (SAN) has called for an effective global action against Illicit Financial Flows (IFFs) and related vices,…