FG Inaugurates Survival Fund For 333,000 Artisans, Transporters
The Federal Government, on Thursday, formally inaugurated the artisans and transport sector track of the N75bn MSME Survival Fund and…
40% Of Bank Deposit In Dollar As Customers Move To Mutual Funds
About 40 per cent of bank deposits in the top 10 banks in the country are in dollars as Nigerians…
FG Will Complete $1.6bn Lagos-Ibadan Railway December
The $1.6bn Lagos-Ibadan railway project will be completed in December this year or early January 2021, the Minister of Transportation,…
Canada Denying Nigerians Visas Unfairly – Envoy
Nigeria’s High Commissioner to Canada, Amb. Adeyinka Asekun, says the host country is unfairly denying a lot of Nigerians visas…
We Will Report You To Buhari, Group Tells CBN Governor
The President of the Federated Commodity Association of Nigeria (FACAN), Victor Iyama, said his group will inform President Muhammadu Buhari…
Drydocks Begins Nigeria Project
Drydocks World, the service provider to the marine, offshore, oil, gas and renewable energy sectors, held a steel-cutting ceremony to…
Sterling Falls After EU Dismisses UK ‘Spin’
Sterling was set to end at a loss on Thursday after markets swung on contradicting assessments of prospects for Britain…
Nigeria Spends $5bn On Food Import, $1.5bn On Milk Annually
The Federal Ministry of Agriculture and Rural Development (FMARD) has estimated that Nigeria spends $5 billion to import foods annually…
NIS Introduces New Visa Fees
The Nigeria Immigration Service (NIS), has introduced new visa fees for all countries which takes effect from the first of…
How The Year 2020 Confounded Wall Street Strategists
Bank of America Corp’s BAC.N strategists cut their year-end forecasts for the S&P 500 index twice this year, trailing the U.S. stock…
Nigeria May Sell Stake In State Oil Company In Industry Overhaul
A long-awaited bill that could reorganize the petroleum industry of Nigeria, Africa’s biggest crude producer, makes provision for a possible…
OPEC September Oil Output Rises For Third Month On Libya Restart, Iran
OPEC oil output has risen for a third month in September, a Reuters survey found, as a restart of some…
Manufacturers’ Outstanding Dollar Demands Hit $729,450,430
The inability of manufacturers to access foreign exchange for the importation of raw materials, equipment and machinery has led to…
It Makes No Sense For Oil To Be Cheaper In Nigeria Than Saudi Arabia
The President, Major General Muhammadu Buhari (retd.), says it makes no sense for Nigeria to sell petroleum products at prices…
Nigeria: 60 Years Of Independence, But Not From Oil
As Nigeria prepares to celebrate 60 years of independence on October 1, many say there isn’t much cause for cheer.…
Update1-Nigeria’s Cabinet Proposes 3% Economic Growth Target For 2021 Budget
Nigeria’s cabinet proposed on Wednesday a 3% economic growth target and an 11.95% inflation target for its 2021 budget, a…
Subsidy Removal Good For Private Refineries – Govt
The Federal Government has said the removal of fuel subsidy, which led to the recent hike in the pump price…
Include Kano Airport Certification In 2021 Budget, Reps Tell FAAN
The House of Representatives has mandated the Federal Airports Authority of Nigeria and the Nigerian Civil Aviation Authority to include…
Sterling Falls After Brexit Bill Opposed By EU Passes UK Parliament
Sterling fell on Wednesday after Britain’s lower house of parliament approved legislation on Tuesday that gives ministers the power to…
In Defense Of BDCs
Bureaux De Change operators in the country have continued to support Nigeria’s growth agenda and the Central Bank of Nigeria’s…
Fitch Revises Nigeria’s Outlook To Stable, Affirms At ‘B’
Fitch Ratings has revised the Outlook on Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed…
FG Lifts Ban On Emirates Airlines
The Federal Government has lifted the ban stopping Emirates Airlines from operating in Nigeria. The Minister of Aviation, Hadi Sirika,…
NBS Begins National Economic Census After 20 Years
The National Bureau of Statistics (NBS) will begin a national economic census across the country from October 12. It stated…
Nigeria Launches Commercial Operation Of Chinese-Built Railway
The Nigerian government on Tuesday launched the commercial operation of the Itakpe-Ajaokuta-Warri railway, a line linking the northern and southern…
Baidu’s Voice Assistant And Smart Device Business Is Valued At $2.9 Billion After Cash Injection
GUANGZHOU, China — Chinese internet giant Baidu has raised an undisclosed sum of money for its business division focused on…
Nigerians Not Benefiting From US Duty-Free Export – NEPC
The Nigerian Export Promotion Council says only few Nigerian exporters have benefitted from the United States duty free trade opportunity…
Nigeria’s Economy Faces $14bn Revenue Gap
THE low price of oil and Nigeria’s over-dependence on the product, currently hovering at $40 per barrel, has culminated in…
Nigeria’s FX Reserves Swell By $200 Mln After Court Ruling
Nigeria’s central bank said on Tuesday its foreign reserves have grown by $200 million after a London court ordered the…
Investors Gain N54bn As Stock Market Rises Further
The equity market sustained its positive outlook on Tuesday for the seventh trading session as the Nigerian Stock Exchange All-Share…