Naira Again Appreciates, Now 380/Dollar

The values of foreign currencies have continued to slide against the Naira as it traded at N380 to the US Dollar and N450 to...

PPPRA PEGS NAIRA AT N298/$ FOR FUEL IMPORTS

Oil marketers have been given the go-ahead to source foreign exchange (forex) to import petrol into the country at an autonomous exchange rate of...

CBN RELEASES NEW FOREX RULES

A SET of fresh regulations on foreign exchange (forex) saw to the Central Bank of Nigeria (CBN) yesterday ending the programme of funding bureaux...

NIGERIA’S CRUDE OIL PRODUCTION UP BY 252,800BPD

Nigeria’s crude oil output increased by 252,800 barrels per day in January, up from the 1.697 million barrels per day it recorded in December...

FG, STATES, LGS SHARE N370BN FOR JANUARY

After long hours of meet­ing, Federation Accounts Allocation Commit­tee (FAAC) yesterday, disclosed that the Federation witnessed a revenue shortfall amounting to N17.38 billion in...

SHELL TO BEGIN EXPORTS FROM FORCADOS TERMINAL AFTER TWO-MONTH CLOSURE

Shell has lifted a force majeure on exports of Nigeria’s Forcados crude oil stream that had been in place for more than two months,...

2016 Budget Deficit | National Assembly Approves $500m Eurobond

The National Assembly has approved the $500m Eurobond to fund the 2016 budget capital projects’ deficit. In February, the then Acting President, Yemi Osinbajo, had in...

UNEMPLOYMENT IN NIGERIA RISES TO 31 MILLION

The number of Nigerians without jobs as at last September was 31 million, a report by the National Bureau of Statistics (NBS) reveals.The report...

Senators Query Reduction Of MTN $8.1bn Fine To $800m

The upper chamber of the National Assembly on Tuesday queried the rationale behind the plan by the Federal Government to reduce the $8.1 billion...

EMIRATES GROUP ANNOUNCES RECORD PROFITS

Emirates Group records 28th consecutive year of profit, and new record profit of AED 8.2 billion ($ 2.2 billion); steady business growth in line...
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Atiku: I Will Not Allow Cabal To Run My Government

The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, on Wednesday said he will be in charge of his government when he...

FG Declares Friday Public Holiday, Excludes Bankers

The federal government of Nigeria has declared Friday, February 22, 2019, as a public holiday, in preparation for the February 23 presidential and parliamentary...

Elections: FG Orders Immediate Payment Of Salaries

The Federal Government of Nigeria has directed the immediate payment of February salaries to enable workers wishing to travel for Saturday’s Presidential and National...
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