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FG Moves to Sell 753-unit Housing Estate Recovered from Emefiele

FG Moves to Sell 753-unit Housing Estate Recovered from Emefiele The Ministry of Housing and Urban Development has officially taken delivery of a 753-unit housing estate formerly owned by the embattled former governor of the Central Bank of Nigeria, Godwin Emefiele. Disclosing this in a statement...

CBN Wants more FX Earnings from Oil, Gas, Non-oil Sectors

The Central Bank of Nigeria (CBN) has called on the Federal Government to intensify efforts to improve Nigeria’s foreign exchange (FX).

Naira Gains ₦5.32 Against Dollar in Black Market

Naira Gains ₦5.32 Against Dollar in Black Market ‎The naira appreciated slightly by ₦5.32 against the US dollar on Tuesday in the parallel (black) market. ‎A source at the Abuja black market told Economic Confidential that as of May 20, the naira exchanged at ₦1,610 per...

CBN Retains Monetary Rates at 27.5%

The Central Bank of Nigeria (CBN) has retained Monetary Policy Rates (MPR) at 27.5 per cent.

Capital Market Key to Achieving $1trn Economy, Edun Says

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has emphasised the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a $1 trillion economy.

PETROAN Raises Concern Over Port Harcourt Refinery Delay

The Petroleum Products Retail Outlets Owners Association of Nigeria has asked the Nigerian National Petroleum Company Limited to give it a timeline for the completion of the new 210,000 barrels per day Port Harcourt refinery.