Forex Policy: CBN Strengthens Naira with $876m Auction
The Central Bank of Nigeria has auctioned $876.26m to end users whose bids were submitted by 26 commercial banks to strengthen the ailing naira.
The policy impacted the foreign exchange market on Wednesday as the naira appreciated against...
Senate to Probe NNPC, Dangote over $1.5bn Refinery Project
The Senate has questioned the $1.5bn approved in 2021 for the turn-around maintenance of the Port Harcourt Refining and Petrochemical Company with little or no result.
It also vowed to probe allegations of sabotage to the supply...
Nigeria Spends N2tn Monthly on Fuel Imports - Tinubu
President Bola Tinubu during his recent nationwide broadcast to Nigerians disclosed that the country spends N2tn monthly to import petrol and diesel.
The President said, despite Nigeria’s abundant oil and gas resources, his administration met a country...
To show their support to Mele Kyari, the Managing Director of NNPC Group, acoalition of 92 Civil Society Organizations (CSOs) are urging President Bola Tinubu to oppose initiatives that they claim are meant to diminish Kyari's contributions to the Nigerian economy.
The Minister of Information and National Orientation, Mohammed Idris Malagi, has emphasized recently in a briefing to the Diplomatic Community that President Tinubu's administration is focused on rectifying past errors rather than placing hardship on Nigerians.
According to the federal government, plans are underway to construct the Nigerian Creative City, a one-stop hub for talent development and youth empowerment.
