BREAKING: CBN Retains MPR At 13.5% To Allow ‘Interventions Play Out’
The monetary policy committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the monetary policy rate…
Category: Local
Coronavirus: Carmakers answer pleas to make medical supplies
Car firms are answering calls from governments to help make more ventilators and face masks to help out during the…
Coronavirus Shuts Down Buhari Govt, FEC, NEC Suspended
Coronavirus literally shut down the Nigerian Government on Monday with the suspension of the weekly federal executive council meeting. The…
Nigeria Makes Brutal Oil Price Cuts. But Has It Gone Low Enough
Nigeria opened a new front in the oil price war between some of the world’s largest OPEC+ countries, offering to…
NSE Shuts Trading Floors, Resorts To Remote Trading Because Of Corona Virus
Following the raging effect of COVID-19 in the country, the Nigerian Stock Exchange will temporarily close its trading floors and…
NCDC Confirms 4 New Coronavirus Infections
The Nigeria Centre for Disease Control has announced four new coronavirus infections in the country. The announcement states that Nigeria’s…
Johnson Announces Strict New Rules To Curb Coronavirus
Strict new curbs on life in the UK to tackle the spread of coronavirus have been announced by the prime…
FIRS Generates N338bn in January
The Federal Inland Revenue Service, FIRS, collected tax revenue of N338.1 billion in January. The figure was slightly above average…
ABCON Directs BDCs To Comply With N380/$ Official Rate
The Association of Bureaux De Change Operators of Nigeria (ABCON) has directed bureaux de change (BDCs) across the country to…
Banks Adjust Operations, Advice On E-Channels Over Coronavirus Pandemic
Over the weekend, some Nigerian banks worked out plans to prevent exposure of their staff and curb the spread of…
Central banks deploy record sums to break financial logjam, but may need more
Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up,…
Breaking: Atiku’s Son Tests Positive For Coronavirus
Former Vice-President of Nigeria, Atiku Abubakar has announced that is son has tested positive for coronavirus. The former Presidential candidate…
Sanwo-Olu Orders Civil Servants To Stay At Home For Two Weeks
The Lagos State Government has declared two weeks break for civil servants in the state, the Governor has said. Babajide…
Nigeria Has Chloroquine Poisonings After Trump Praised Drug
Nigeria reported two cases of chloroquine poisoning after U.S. President Donald Trump praised the anti-malaria drug as a treatment for…
Forex Racketeering: CBN Fines Banks, BDCs Hundreds Of Millions For Infraction
THE Central Bank of Nigeria (CBN) reportedly fined major banks and bureau de change operators hundreds of millions for committing…
Osun State Government Suspends All Activity At Erin-Ijesha Waterfalls
Osun State Government has announced the suspension of activities at the Olumirin Waterfalls at Erinjesa following the outbreak of…
Lagos State Bans Public Gatherings Of More Than 20 Persons
Lagos State Government on Saturday announced a reduction in the number of people allowed in public gatherings to prevent further…
Breaking: Nigeria Announces 10 New Coronavirus Cases
The Minister of Health, Dr Osagie Ehanire, who disclosed this on Saturday on his tweeter handle @drEOEhanire, stated: “Nigeria has…
Coronavirus: Nigeria’s Aviation Industry To Lose N160bn, 22,200 Jobs
The disruption to air travel due to the continued spread of coronavirus will cost Nigeria’s aviation industry over N160.58bn (using…
Emirates Airline Suspends Flights To Nigeria, New York, France, Germany
Emirates, one of the world’s biggest international airlines, is suspending all flights to Nigeria, France, Germany, New York and New…
BREAKING: FG shuts Lagos, Abuja airports Monday
The Federal Government says the Murtala Muhammed International Airport, Lagos; and Nnamdi Azikwe International Airport, Abuja will be shut effective…
Nigerian Central Bank Starts Uniform Exchange Rate for Naira
Nigeria’s central bank will migrate to a single exchange rate for the naira by collapsing the multiple exchange rate policy…
Why CBN ‘Technically’ devalued the naira
Yesterday, we reported that the Central Bank technically devalued the naira to exchange to the dollar at N380. According to…
Business activities fall as PMI drops to 57.3– CBN
The Central Bank of Nigeria on Wednesday disclosed that the Manufacturing Purchasing Managers’ Index in the month of January stood…
Coronavirus: Dow erases Trump presidency gains
The Dow Jones Industrial Average of 30 major American companies fell more than 4.5% on Friday, erasing all the gains…
Lagos to shut down clubs and bars to curb spread of coronavirus
In a bid to curb the spread of the novel coronavirus, the Lagos State government has decided to shutter night…
Hyundai to introduce electrics SUV Into Nigeria
Stallion Motors, an auto assembler and franchisee of nine global brands including Hyundai, has announced plans to introduce electric sport…
Coronavirus: Fayemi asks Ekiti civil Servants to work from home
Ekiti State Governor, Dr Kayode Fayemi, on Friday, barred social, political, religious and family gatherings of more than 20 persons…
Petrol price: IPMAN pleads for time
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pleaded for time to enable members exhaust their old stock of…