CBN Approves N50b Revival Fund For Textile Industry
The Central Bank of Nigeria (CBN) has announced N50 billion special mechanism funds to revive the ailing textiles…
Nigeria: Federal Govt Records N1.46tn Revenue Deficit In Q1
Gross federally-collected revenue fell by 36 per cent or N1.46tn below the quarterly budget estimate in the first…
Nigeria: Sirika Projects Resumption Of International Flights Before October
The Minister of Aviation, Senator Hadi Sirika, has rejected the October 15 date fixed for the resumption…
Nigeria: Kano Cancels Eid-Del-Kabir Festivities
The Kano State Government has ordered the cancelation of traditional Sallah festivities in this year’s…
CBN: Economy Recorded $42.7bn Forex Inflow In First Quarter
The aggregate foreign exchange (forex) inflow into the Nigerian economy in the first quarter (Q1) 2020…
Nigeria: NPA Halts Licences Renewal For Shipping Firms Over Holding Bay Crisis
The Nigerian Ports Authority (NPA), has stopped the renewal of licences for shipping firms who fail to provide…
Nigeria: “Third Mainland Bridge” Local Manufacturers Raise Concern…
Local manufacturers, especially those in the Apapa zone, have expressed concerns about challenges that the closure…
FMDQ Securities Records N117tn Turnover In Six Months
9The FMDQ Securities Exchange recorded total turnover of N117.27 trillion in the Fixed Income and Currency (FIC)…
Nigeria Targets Processed Cocoa Exports With $10 Million Plant
Nigeria’s southeastern Cross River state is setting up a 4-billion naira ($10-million) cocoa-processing plant to…
Italian Prosecutors Seek Jail For Eni, Shell Executives In Nigeria Case
Italian prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former…
Naira Exchanges At N472 To Dollar At Parallel Market
The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos, the News Agency of Nigeria…
Nigerian International Airports Not Shut Till October – NAMA
The Nigerian Airspace Management Agency (NAMA) has declared untrue the insinuation making the rounds that the…
Euro Scales Fresh Four-Month Peak Vs Dollar After EU Virus Deal
The euro on Tuesday climbed to its highest against the U.S. dollar in more than four months after European Union…
Third Mainland Bridge Closes Midnight Friday – FG
The Federal Government says the partial closure of the Third Mainland Bridge in Lagos State begins from Friday…
Nigerian Government Begins Checks Into Documents Of Chinese In Nigeria
Nigeria’s House of Representatives has begun investigation into the immigration documents of Chinese immigrants…
Nigeria: NCAA Extends Ban On International Flights Till October
The Nigeria Civil Aviation Authority (NCAA) has issued a Notice to Airmen (NOTAM) stating that it is extending…
Bullish Markets Lifts Pound To Six-Week High, Look Past Economy Woes
The pound rallied above $1.27 for the first time in six weeks on Tuesday as optimism over a coronavirus vaccine and…
Foreign Reserves Decline by $494m to $36.1 Billion
Foreign reserves declined with falling revenue generation and weak oil prices in the month of July, according to…
Nigeria Wants Banks to Alter 65% of Loans Amid Economic Fallout
Lenders are already busy reorganizing $20 billion of debt
Banks can revamp credit terms without booking…
Nigeria:Calabar, Kaduna, Yola Airports Open Amid Traveller Apathy
FG to shut airports in default of COVID-19 safety guidelines
At least another two airports were yesterday…
Nigeria: Clearing Agents Condemn Planned Concession Of Scanners To Foreigners
There is nothing like that, says Customs
The Association of Nigerian Licensed Customs Agents (ANLCA), has…
Nigeria: Hope Dims For National Carrier Two Years After London Launch
FG insists on Nigeria Air as project gets priority in N27b bailout fund
• Pandemic forecloses credible…
NNPC Raises August Selling Prices Of Crude Oil
The Nigerian National Petroleum Corporation has increased the prices at which two of the country’s major crude oil…
Nigeria Sets Up Committee To Drive Digital Identity Initiative
Nigeria‘s President Muhammadu Buhari has established a committee led by the Secretary to the Government of the…
CBN Mute On FX As MPC Meeting Underwhelms
The Central Bank of Nigeria (CBN) announced its monetary policy decisions on Monday without addressing the acute…
‘Cassava Can Boost Nigeria’s Export’
The New Partnership for Africa’s Development (NEPAD) Business Group Nigeria (NBGN) has called for good policies and…
Preserving Forex Reserves, Raising Local Capacity Through Import Substitution
For decades, successive governments in Nigerian resorted to protective measures, including import restrictions and…
Covid-19 Takes Toll On Kaduna Dry Port
Barely five months into the outbreak of the Coronavirus (Covid-19), some operators in the sector are already…
Towards A Digitalised Port System
One major issue dominated discussions at the parley of the chief executive officers of maritime agencies hosted by…
Euro Hits New Four-Month High After Pandemic Recovery Deal
The euro hit its strongest level since early March on Tuesday after the European Union (EU) struck a deal for a…