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…
Category: Local
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,…
Buhari To Inaugurate Itakpe-Warri Speed Train Tuesday
The President, Major General Muhammadu Buhari (retd.), will inaugurate Nigeria’s first standard gauge train, the Itakpe-Ajaokuta-Warri rail line, on Tuesday…
INEC Begins Migration To Electronic Voting
The Independent National Electoral Commission (INEC) has commenced replacing manual voting with automated voting system, as part of the efforts…
‘ABCON Braces CBN’s Regulation Of Financial Sector’
The argument that all Bureaux De Change (BDCs) operators are the weakest link in the fight against illicit financial flow…
NLNG Targets 350,000 Metric Tons LPG By December
The Nigeria Liquefied Natural Gas (NLNG) Limited has said it is set to achieve the production of 350,000 metric tons…
FG Urges Destination Countries To Repatriate Illicit Funds
The Vice-President, Prof. Yemi Osinbajo, has urged leaders of destination countries to insist on repatriation of illicit funds and their…
Nigeria’s Forex Reserves Drop By $47.3m
Nigeria’s foreign exchange reserves suffered its first decline in recent weeks at the weekend as dreary global crude oil prices,…
Popoola Wants Role For Credit Bureau In CBN’s Intervention Fund Disbursement
The access, impact and prospects of the intervention funds by the Central Bank of Nigeria (CBN) formed the basis of…
CBN’s Rate Cut Triggers Rush For Equities
Stunned by the decision of the Central Bank of Nigeria (CBN) to cut the benchmark interest rate,bewildered investors dumped fixed-income…