Emefiele Says Exporters Got N20bn Rebate From RT200FX   The Governor, Central Bank of Nigeria, Godwin Emefiele, has said that the bank paid eligible exporters over N20bn rebates in the second quarter of implementing the RT200 FX programme for exports worth...

Fuel Price: Confusion As N179/litre Controversy Worsens   A document displaying the costs of Premium Motor Spirit, popularly called petrol, in various regions of Nigeria is causing confusion among PMS consumers as the Federal Government remained mute about the matter on...

Local Airlines Seek 40% Fuel Surcharge, Waivers As Jet A1 Hits N822/litre   Local airlines, yesterday, sought approval to impose a new fuel surcharge of between 25 and 40 per cent on consumers as part of measures to cope with an...

CBN To Sanction Customers Converting Naira To Dollar   The Central Bank of Nigeria (CBN) yesterday read the riot act to bank customers, especially politicians, converting naira to the dollar as electioneering spending spike. The CBN, which also raised interest rate from...

WTO Commits N12bn For Fisheries Development In Nigeria, Others   The World Trade Organisation is committing about N12 billion ($20m) into fisheries development in Nigeria and other member countries as part of efforts to prohibit harmful fisheries subsidies. The Director General of...

FG To Continue $3.5bn Eni/Shell Suit As Italy Drops Charges Nigeria will continue its $3.5bn civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings against the companies, a lawyer representing Africa’s largest crude producer said. Bloomberg...