Nigeria’s Inflation’ll Average 12.2% In 2020, Says PwC
PwC Nigeria has said the headline inflation in Nigeria will average 12.2 per cent in 2020, compared to 11.4 per…
Category: Local
Nigeria: EFCC Chair Magu Detained
FOR hours on Monday, Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu testified before a panel…
Nigeria: ‘There’s No Free Dollar In Edo’ – PDP Taunts Ganduje
The Peoples Democratic Party (PDP) has taunted Abdullahi Ganduje, governor of Kano state, over the jibe he threw at Nyesom…
Nigeria: Buhari Must Ask Magu To Step Aside Now For Investigation
The Peoples Democratic Party (PDP) has asked the President Muhammadu Buhari-led administration to show the genuineness of its war against…
Analysts Predict Outlook For Naira As Forex Unification Plans Gain Momentum
The exchange rate between the naira and dollar may move in the positive for Nigeria’s local currency, according to views…
FG To Resume Third Mainland Bridge Repairs
The Federal Controller of Works in Lagos, Mr Olukayode Popoola, on Monday said consultations were on for another phase of…
Nigeria: ASHON To Harmonize Members’ Trading On FMDQ, NASD, LCFE
Barring unforeseen circumstances, there are strong indications that Association of Securities Dealing Houses of Nigeria (ASHON) has stepped up an…
Nigeria Gets 2021 Deadline To Stop Dirty Fuel Imports
The Federal Government may have up till 2021 to stop the importation of dirty fuel into the country. The indication…
Naira To Depreciate Further As Demand Gap Widens
The Central Bank of Nigeria (CBN) may be forced to further retract its defence and depreciate the naira as the…
Passengers To Pay Double For Domestic Flights
• NCAA Grounds 18 Aircraft, Bar Non-Compliant Operators • FAAN Issues Travellers’ Mandatory Safety Protocols • Palliative For Airlines Underway,…
Six Airlines Resume Flight July 8
Six domestic carriers: Arik Air, Aero Contractors, Air Peace, DANA Air, AZMAN Air and Max Air are set to resume…
Sanwo-Olu: Churches, Mosques To Remain Shut In Lagos
•Cases hit 27,564, with 11,069 discharged and 628 deaths •FAAN rolls out guidelines for air travellers Governor Babajide Sanwo-Olu of…
Arik Air Resumes Domestic Flights July 8
Arik Air, on Sunday, announced the resumption of its domestic flights from July 8, following the Federal Government’s decision to…
Nigeria: N-Power, Unemployment And Peculiar Mess
With the current realities of unemployment and poverty in Nigeria, the country is in “peculiar” mess and on the brink…
Nigeria: 109,823 N-Power Beneficiaries Now Business Owners – Minister
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq, claims no fewer than 109,823 beneficiaries…
Nigeria Weakens Naira At Retail FX Auction In A Move To Align Rates
Nigeria’s central bank asked lenders to bid for forex at an auction 5% above its official rate of 360, traders…
Nigeria’s Debt Rose To 28.62 Trln Naira As Of March – Debt Office
Nigeria’s total public debt rose to 28.62 trillion naira ($79.5 billion) as of March, up 15% from a year earlier,…
Exposed: How Central Bank Of Nigeria Deliberately Prevents Naira From Appreciating Against United States Dollar
The apex bank, which has refused to disclose the exact foreign remittances it has received from 2016 to 2018, deliberately…
COVID-19: Nigeria Govt Releases Guidelines For Air Travels
The Nigerian government has released new procedural guidelines for air travellers and other airport users. The new guidelines are issued…
Nigerian Central Bank Devalues Naira by 5.3% at Currency Auction
Nigeria’s central bank devalued the naira at one of its currency auctions, according to people familiar with the matter. The…
Nigerian Lawmakers Want Monuments to Slavery in Lagos Removed
Lawmakers in Nigeria’s Lagos state, which includes the country’s commercial hub and biggest city, have asked for the renaming of…
Local Airlines Set For Operations, Market New Rates
Local airlines yesterday marketed new fare rates as part of the preparation for flight resumption in the COVID-19 era. Some…
Italy Prosecutor Says Eni, Shell Aware Of Bribes In Nigeria Case
Oil majors Eni and Royal Dutch Shell were aware that most of the money they spent to buy a Nigerian…
How Border Closure in Nigeria Aided Local Raw Materials Utilisation
Utilization of Local Raw-materials in the manufacturing sector increased marginally in the second half (H2) of 2019, attributable to the…
CBN Expands The Scope Of Regional Banks In Nigeria
The Central Bank of Nigeria, pursuant to Section 8 (g) of the CBN Scope, Conditions & Minimum Standards for…
Is Nigeria’s Mobile Money Data An Unsolved Puzzle Fintechs Toy With?
Here’s a simple question: How many mobile money agents are in Nigeria at present? Well, the answer is not so…
Banks, Other Lenders Urged To Finance Africa’s Economy
The Group Chief Executive Officer, United Capital Plc, Mr. Peter Ashade, has called on financial institutions to develop innovative home-grown…
Nigeria’s Foreign Reserves Fell By $373.23m In June
The country’s foreign reserves fell by $373.23m from $36.57bn on June 1 to $36.2bn on June 29, latest figures from…
Stamp Duty As New Black Gold in Nigeria
This matter of making the Stamp Duty (and by implication tax revenue) the next black gold has occupied my mind…
Nigeria: Domestic Debt Servicing Gulps N609.13b In Q1 2020
The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020. The Debt Management…