Nigeria’s Gross External Reserves: An Historical Perspective
The major objectives of external reserve management in Nigeria are ensuring the preservation of Capital, providing adequate liquidity to meet…
Category: Local
Nigeria: Eid-El Kabir: Errors Push PoS Failed Payments To 23%
Many Nigerians experienced declined transactions on Point of Sales terminals all over the country as PoS transactions failure rate hit…
Nigeria: With Non-Interest Guidelines, CBN Widens Participation Scope Of Intervention Schemes
For years now and especially since the 2008 global financial meltdown, central banks in many developing and emerging economies, began…
Nigeria: BoI Increases Support For MSMEs To N53bn
In demonstration of its commitment to the development of micro, small and medium scale enterprises (MSMEs) in the country, the…
Nigeria: Govt Moves To Reduce Oil Production Cost To $10
The Federal Government is working towards attaining a $10 per barrel production cost sealing in the oil and gas sector, the…
Concerns Mount Over Loan Agreement Clause Waiving Nigeria’s Sovereignty Immunity
Concerns mounted at the weekend over the rising trend of government officials signing loan agreements with a clause that waives…
Shoprite Begins Moves To Leave Nigeria
South African superstores, Shoprite Holdings Limited, has stated it will auction its outlets in Nigeria, The Nation can report. The…
Nigeria: FG Moves To Rescue Trafficked Nigerian Ladies from Lebanon
The Federal Government has begun moves to rescue 30 trafficked Nigerian ladies from Lebanon. The victims had on Friday pleaded…
Nigeria: Lagos Worship Centres To Reopen Aug 7
Religious centres in Lagos state will resume activities on August 7, 2020. Babajide Sanwo-Olu, governor of Lagos, announced this at…
Nigerians Suffering In Europe
The Founder of Napier Consulting Services, Roy Napier, has lamented the rate of exploitation of young Nigerians who travelled to…
Arik Air To Resume Flights To Jos, Benin, 2 Others
Arik Air has resumed services to four additional airports in Nigeria namely; Benin, Jos, Owerri and Asaba. It said this…
AIB Begins Investigation As Two Aircraft Collide At Lagos Airport
The Accident Investigation Bureau says it will investigate a collision involving Middle East Airline and a Turkish plane at the…
Nigeria: MAN Supports Forex Unification
The Manufacturers Association of Nigeria (MAN) has described the unification of the country’s Foreign Exchange (forex) windows by the Central…
Apapa Gridlock: Customs Agents Petition FG Over 500% Increase In Costs
Some Customs agents in the country have called on the federal government to immediately address the deficiency and high cost…
Nigeria: Local Production Suffers Continued Contraction As PMI Hits 44.9%
Purchasing Managers’ Index (PMI) for the manufacturing sector has continued to reflect the sector’s weaknesses as regards production, new orders,…
Nigeria: People Fear They’ve Got Too Much Cash In Their Bank Accounts
Falling interest rates are tempting some Americans to forego safety and pour their savings into assets such as stocks and…
Nigeria: Cautious Optimism As Nations Ease Flight, Tourism Restrictions
More countries are opening up the international airspace for commercial airlines and tourism to resume. Travellers will however find that…
IMF Introduces New Transparency Code For Nigeria, Others
The executive board of the International Monetary Fund has approved the new IMF Central Bank Transparency code. It said in…
Nigeria: The Return of Wharf Rats
Eromosele Abiodun writes on the alarming rate of pilfering at terminals across the nation’s seaports Last week, vehicle importer, David…
Nigeria: ‘Businesses Lost Hope On Economic Growth In July’
The July 2020 Business Expectations Survey Report of the CBN has shown that firms are pessimistic on the macro economy…
CBN’s Ban On Forex For Import Boosts Interest In Maize, Fish Farming
In furtherance of government’s efforts to drive Nigeria towards food sufficiency, Agribusiness firm, Eatrich Farms, has launched the Green Africa…
Nigeria: FG To Check Temporary Import Permit Abuse
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Customs Service (NCS) have agreed to join forces to…
Nigeria: Consortium To Transform Cassava Peels Into Energy
Several companies and organisations have recently joined forces to recycle cassava waste in rural Nigeria. They will transform the peels…
OPEC-Nigeria Talks Discuss Market Recovery After Covid-19
The OPEC-Nigeria Bilateral Meeting that took place last week has sent yet another signal of the strong dialogue and cooperation between OPEC and…
Hajj Pilgrimage In The Age Of Coronavirus Is Unlike Any Before
Saudi Arabia radically downsizes annual Islamic pilgrimage Pandemic means socially distanced prayers, bottled holy wate Holy water will be consumed…
FG Repatriates 289 Nigerians In 4th Evacuation Flight
The Federal Government has evacuated 289 more Nigerians stranded in the United States due to coronavirus-related border closure. An Ethiopian…
Burden of Nigeria’s population explosion
A fresh warning by the National Population Commission that the prolonged closure of schools occasioned by the Covid-19 pandemic may…
The Nigeria Blockchain Association Moves To Further Sanitize As Crypto Scams Escalate In Nigeria
Despite frequent and consisten warnings, ignorance and greed continue to sustain cryptocurrency scams in Nigeira, according to the Nigeria Blockchain…
Nigeria: Pay Stranded Students Tuition Fees Abroad
The Chairman of Nigerians in Diaspora Commission (NiDCOM), Mrs Abike Dabiri-Erewa, has appealed to the Niger Delta Development Commission (NDDC)…