Nigeria's Naira firmed 1.1 percent to 510 on the black market, bureau de change (BDC) traders said, after the Central Bank of Nigeria (CBN) started to supply dollars for retail transactions in a bid to narrow the spread with...

Acting President, Prof. Yemi Osinbajo, has written to the Senate, saying he has withdrawn assent to four bills passed by the National Assembly. The bills are Dangerous Drugs Amendment Bill 2016, National Lottery Commission Bill 2016, Agricultural Credit Guarantee Scheme...

The Finance Minister, Olusegun Aganga and his entourage have planned roadshows traversing markets in Europe and the United States to promote Nigeria’s credit worthiness and facilitate popular subscription of a proposed $500m/Euro loan. It would be inexplicable and irrational...

Nigeria sees no need to apply for an International Monetary Fund programme, Finance Minister Kemi Adeosun has said. Adeosun also told CNBC that non-oil revenues were improving while the government was fine-tuning an economic reform programme. REUTERS

The Central Bank of Nigeria (CBN) will sell $500 million to help improve dollar liquidity, traders said a day after the bank effectively devalued the Naira for retail currency sales. Nigeria has been running short of dollars as its oil...

The Department of Petroleum Resources (DPR), has seized a vessel, MT JAZI, loaded with 1.5 million litres of contaminated petroleum product while discharging at Nakem Jetty, Kirikiri, Lagos. Mr Mordecai Ladan, Director, DPR, told journalists in Lagos that the vessel...