Thursday, January 27, 2022
ABCON President, Alhaji Aminu Gwadabe

ABCON To CBN: Allow BDCs Compete For $20bn FX Inflow

ABCON To CBN: Allow BDCs Compete For $20bn FX Inflow   Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank...
President Muhammadu Buhari

Buhari Endorses Nigerian Diaspora Investment Trust Fund

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...
The Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo

Fed Govt Pledges Increased Forex Sale To Manufacturers

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...
Central Bank of Nigeria

CBN May Increase Interest Rate This Year – Report

CBN May Increase Interest Rate This Year - Report   A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria...
Nigerian Stock Exchange

Stock Market Begins Week Positive, Gains N28bn

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...
Kristalina-Georgieva MD IMF

IMF To Nigeria: Devalue Currency Further, Raise Interest Rates

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...
Nigerian Stock Exchange

Stock Market Gains N1.33trn In First Trading Week

Stock Market Gains N1.33trn In First Trading Week   The Nigerian Exchange Limited (NGX) kicked off the first trading week of 2022 on a positive note...
Import

Fed Govt Spent $1.68bn On Food Imports In 9 Months

Fed Govt Spent $1.68bn On Food Imports In 9 Months   The Federal Government spent $1.68 billion on food importation between January and September in 2021. This...
Manufacturers Association of Nigeria

N10/litre Excise Duty’ll Hurt Output, Revenues – MAN

N10/litre Excise Duty’ll Hurt Output, Revenues - MAN     The introduction of excise duty of N10/liter on non-alcoholic, carbonated and sweetened beverages by the Federal Government...
Crude Oil

Fed Govt Loses N1.474trn To 222 Terminal Shutdowns In 10 Months

Fed Govt Loses N1.474trn To 222 Terminal Shutdowns In 10 Months   The production of 50.788 million barrels of crude oil valued at N1.474tn was stalled...
Central Bank of Nigeria

Fed Govt Spent $1.68bn On Food Imports In Nine Months – CBN

Fed Govt Spent $1.68bn On Food Imports In Nine Months – CBN   The Federal Government spent $1.68bn on food importation from January to September last...
Cooking Gas Cylinder

Cooking Gas Price Drops, Supply Rises

Cooking Gas Price Drops, Supply Rises   The Federal Government on Thursday said it was putting measures in place to ensure further reduction in the cost...
Mining

FG Targets 308% Increase In Mining Revenue, 144,000 Jobs

FG Targets 308% Increase In Mining Revenue, 144,000 Jobs   The Federal Government has disclosed plans to increase the mineral sector’s contribution to the economy by...
Director-General, LCCI, Dr Chinyere Almona

LCCI To FG: Enforce Ban On Foreign Drinks

LCCI To FG: Enforce Ban On Foreign Drinks   The Lagos Chamber of Commerce and Industry has urged the Federal Government to protect domestic manufacturers from...
Nigerian Stock Exchange

Three Nigeria’s Big Firms Gained N1.15trn In 2021 – NGX

Three Nigeria’s Big Firms Gained N1.15trn In 2021 – NGX     The three biggest companies listed on the nation’s stock exchange gained a total of N1.15tn...
Central Bank of Nigeria

CBN’s Quarterly Forex Intervention Declines By $930m

CBN’s Quarterly Forex Intervention Declines By $930m   The Central Bank of Nigeria’s foreign exchange intervention in the economy declined by $930m in the third quarter...
Medium-scale, Small and Micro Enterprises

Fed Govt Plans N250bn Lifeline For MSMEs

Fed Govt Plans N250bn Lifeline For MSMEs   The Federal Government plans to disburse N250bn as loans to Medium-scale, Small and Micro Enterprises to boost job...
Senator Margret Chuba Okadigbo

Buhari Replaces Ararume With Okadigbo’s Widow As NNPC Board Chair

Buhari Replaces Ararume With Okadigbo’s Widow As NNPC Board Chair   President Muhammadu Buhari has approved the appointment of the Board and Management of the Nigerian...
President Muhammadu Buhari

Buhari Appoints Board, Management Of NNPC

Buhari Appoints Board, Management Of NNPC   President Muhammadu Buhari has appointed the Board and Management of the Nigerian National Petroleum Company Limited. This is in accordance...
Crude Oil Prices

Nigeria’s Crude Oil Earnings Hit N12.4trn In 11 Months

Nigeria’s Crude Oil Earnings Hit N12.4trn In 11 Months   Nigeria produced a total of 440.774 million barrels of crude oil valued at about N12.4tn between...