What MPR Cut Means As The Country Enters Recession?
Nigeria unexpectedly cut its Monetary Policy Rate (MPR) by 100 basis points from 12.50% to 11.50% in an attempt to…
Category: Local
Osinbajo: We Will Soon Reopen The Land Borders
In October 2019, President Muhammadu Buhari ordered the closure of land borders to check smuggling goods and arms into the…
Nigeria’s Growing Inflation Rate
The current rate of inflation in Nigeria, according to the National Bureau of Statistics, rose to 13.22 per cent in…
NLC Vows To Shut Down Airports, Banks, Others From Monday
The Organised Labour in Lagos State has said all sectors would be shut from Monday. He said airports, banks, and…
FMDQ Turnover Sheds N4.5tn In August
Investments at the Fixed Income and Currency (FIC) markets suffered a setback in the month of August as investors reduced…
It’s Not In NNPC’s Interest To Remain Sole Importer Of Petrol, Says Mele Kyari
The Nigerian National Petroleum Corporation (NNPC), has said that it was not in the national oil company’s interest to remain…
Nigeria Has Potential For Over A Million Vehicles A Year’
DAVE COFFEY, is the Chief Executive Officer, African Association of Automotive Manufacturers (AAAM). In this interview with BENJAMIN ALADE, he…
LNG Has Come Far But Still Has Far To Go
The LNG industry has become increasingly diverse in the past 20 years. But it must not rest on its laurels…
Ecosystem Approach Could Accelerate Biometric Enrollment In Nigeria
Nigeria’s goal to enroll the biometrics of all citizens to provide digital identity is possible to achieve in even less…
Nigerian Air Travel Could Shut As Unions Pledge To Join Strike
Nigeria’s airports could shut down on Monday as four key unions said they would join an indefinite nationwide strike to…
How 1.7 Million Nigerians, Businesses Will Benefit From N75 Billion Grant
Nigeria’s Vice President, Yemi Osinbajo, has provided further details on how 1.7 million Nigerians and businesses will benefit from a recently…
Oyetola Flags Off 206-Hectare International Trade Centre, Inland Port In Osun
The Osun State Government has launched the construction phase of its proposed International Trade Centre and Inland Port, which is…
International Mechanisms For Asset Recovery Not Good Enough – Buhari
President Muhammadu Buhari said there is a compelling need to strengthen international cooperation in the global effort to curtail the…
Nigerian Collecting Illegal $36,000/Month From Ship Owners
The Minister of Transportation, Rotimi Amaechi, has registered his displeasure with continuous patronage of illegal habours known as secure anchorage…
An In-Depth Analysis On Mining In Nigeria
The economy in Nigeria has been growing slowly since the oil price slump of 2014. Since then, volatility of global…
Govt Warns Against Exploitation Of Seaport Operators
Abuja — Minister of Transportation, Rotimi Amaechi, has charged regulatory bodies to reduce the cost of doing business by checking…
Nigeria Not Constructing Rail Line To Niger Republic – Presidency
The Senior Special Assistant to the President on Media and Publicity, Mallma Garba Shehu, yesterday said Nigeria was not building…
Nigerian Oil, Gas Suppliers Lament N320bn Loss, Back Deregulation
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) yesterday bemoaned its huge losses to the tune of N320…
Gbajabiamila: Insecurity Threatening Existence Of Nigeria
The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has said the challenges of insecurity confronting Nigeria is threatening…
Commodities Exchange Turns To Blockchain To Increase Funding For African Farmers
Technology adoption will increase transparency for funders and provide liquidity for hundreds of smallholder farmers amidst COVID 19 downturn. AFEX…
Survival Fund: Nigerian Govt Speaks On Applicants Paying Facilitation Fee For MSMEs Grant
The Federal Government says applicants will not pay any ‘facilitation fee’ to access its intervention grant for Micro, Small and…
FG Denies Persecuting Christians, Earmarks N13b For Community Policing
Abuja has dismissed allegations from the west that it was persecuting Christians in Nigeria. This came as it urged the…
EFCC Recovers Unremitted N4.16b From Lottery Firms
The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mohammed Abba, said yesterday the commission recovered over N4.16…
174,574 Apply For COVID-19 N75bn MSME Survival Fund
Within 48 hours a total of 174,574 persons successfully registered for the N75bn National MSME Survival Fund and the Guaranteed…
CBN Pulls Rate Cut Trigger, King Dollar Returns
In a move that caught investors off-guard this week, the Central Bank of Nigeria (CBN) slashed interest rates by 100…
Nigeria: Lagos Govt Calls For Monthly Payment Of House Rent
The Lagos State Government has called on stakeholders in real estate, to work out modalities for residents to pay house…
Illegal Levies, Taxes Affecting Cross River’s Economy
Emmah Isong, chairman of Cross River State Anti-tax Agency, warned that anybody caught sabotaging the antitax agency will face the…
Funding Approved For $US 1.96bn Nigeria
THE Nigerian Federal Executive Council has approved $US 1.96bn in funding for the construction of the 284km cross-border Kano –…
Buhari’s Orders To The Central Bank Are Harming Its Credibility
RECENTLY, after reading, for the umpteenth time, about President Muhammadu Buhari’s “orders” to the Central Bank of Nigeria, CBN, I…
Nigerians In Switzerland Petition EFCC, SGF, Ministry Over Alleged Corruption In Embassy
Nigerian Youth Movement of Switzerland has written a petition letter to the Economic and Financial Crimes Commission (EFCC), Secretary to…