The Debt Management Office says it will raise N130billion worth of bonds in three categories on Jan. 18. The DMO said this in its January “Bond Circular” posted on its website. The issuance will be the first in 2017. According to the...

The Senate has confirmed six commissioners of the Nigerian Electricity Regulatory Commission (NERC) and asked President Muhammadu Buhari to nominate another person for the chairmanship of the commission. President Buhari had nominated , Professor Akintunde Ibitayo Akinwande, a US based...

...to procure N6.2bn transformers The Federal Ministry of Power, Works and Housing and some of its agencies will be spending N6.562 billion to operate generators and buy transformers in 2017. The ministry budgeted for generator maintenance alone the sum of N322.7...

The country’s external reserves rose to $26.55bn on January 9, from $26.2bn on January 6, the latest data from the Central Bank of Nigeria showed. The foreign exchange reserves had hit $26bn on January 3, 2017, up from $25.8bn on...

The National Executive Committee of the Nigeria Union of Petroleum and Natural Gas Workers have taken a decision to commence a three-day warning strike to protest “anti-labour practices” in the oil and gas sector. The President of NUPENG, Mr. Achese...

Nigeria plans to sell N195.96 billion ($644.08 million) in short-dated treasury bills at an auction on January 19, the Central Bank of Nigeria said. The bank said it would sell N36.78 billion in three-month debt, N39.17 billion in six-month bills...