Buhari Endorses Nigerian Diaspora Investment Trust Fund   President Muhammadu Buhari has approved the establishment of the Nigerian Diaspora Investment Trust Fund (NDITF). NDITF is a private sector investment window with Nigerians in the Diaspora to support direct investments in the country. The...

‘NPA To Refund N40.13bn, $921.64m To FG’   The Auditor-General for the Federation has indicted the Nigeria Port Authority (NPA) for failure to recover and remit N40.126 billion, $921.636 million and 289,931.82 pounds to government treasury from various revenue sources in...

Fed Govt Pledges Increased Forex Sale To Manufacturers   The Federal Government through the Minister of Industry, Trade and Investment, Niyi Adebayo, has assured manufacturers of its support to enable them to get good returns on their investments. The minister, who gave...

CBN May Increase Interest Rate This Year - Report   A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to tighten monetary conditions as with the trend across global central banks...

Stock Market Begins Week Positive, Gains N28bn   The market capitalisation of the Nigerian Exchange (NGX) yesterday rose by N28 billion amid sustained investors bargain hunting in 28 stocks. The NGX All-Share Index (ASI) increased by 42.71 basis points or 0.10 per...

IMF To Nigeria: Devalue Currency Further, Raise Interest Rates   The International Monetary Fund has advised emerging economies including Nigeria to allow their currencies to depreciate in response to tighter funding conditions and an imminent policy tightening by the Federal Reserve...