A total of N13.4bn has been disbursed to beneficiaries of the Central Bank of Nigeria’s textile intervention fund, the Bank of Industry has said. Aside from the Federal Government’s N100bn textile revival fund instituted in 2009, the CBN recently put...

First Bank of Nigeria Limited says it has received the approval of the Central Bank of Nigeria to commence the sale of foreign exchange to licenced Bureau De Change operators. The lender, in a statement said it had strengthened its...

The Minister of Finance, Mrs. Kemi Adeosun has disclosed that the Federal Government would soon issue a new template on approved expenses for state-owned enterprises as efforts are being intensified to control the nation’s recurrent expenditure. The Minister gave the...

….As FG begins rehabilitation processes The release of 21 Chibok Girls by the Boko Haram through tacit negotiations did not involve any swap deals, either monetary or exchange of detained members of the deadly sect, the Federal Government has said. Speaking...

About 21 senior officials of the Federal Airports Authority of Nigeria were sacked in a major shake-up. Those affected, including directors, general managers and deputy general managers, were reportedly handed their termination of appointment letters. Sources at the head office of...

The crude oil production figure provided by Nigeria to the Organisation of Petroleum Exporting Countries for last month was 139,000 barrels per day lower than the estimate from secondary sources. Nigeria, which lost the Africa’s top oil producer status in...