FG to Introduce Fresh Incentives to Woo Oil, Gas Investors  The Federal Government is introducing incentives to attract oil and gas investment as Nigeria, Africa’s biggest economy, works to ramp up crude oil output. Some of the measures being adopted include substituting signature bonuses – the...

Reps Advise CBN to Adopt Chinese Yuan as Official Exchange Rate The House of Representatives has called for the adoption of the Chinese Yuan as an official foreign exchange reserve currency with other internationally recognised currencies to protect the naira from further depreciation. The resolution was...

Naira Scarcity: ASSBIFI Cautions Nigerians Against Panic Withdrawals The Association of Senior Staff of Banks, Insurance and Financial Institutions has linked the cause of cash crunch in the country to panic withdrawals by bank customers, and activities of misguided individuals engaging in the unethical practice...

FG Curbs External Borrowing as Debt Rises N88tn - Report  The Debt Management Office data has revealed that Nigeria's total public debt rose to N87.91tn as of the end of September, 2023. Rather than increase its foreign debt stock as has been the case before now,...

Tinubu Okays 50% Reduction in Transport Fare Nationwide President Bola Tinubu on Wednesday approved a 50 per cent slash in price of interstate transport fare for Nigerians traveling during the yuletide from Thursday, December 21, 2023 to January 4, 2024. This is as the President approved...

Nigeria Remains Dream Destination for Offshore/Onshore Investments - Tinubu President Bola Tinubu has assured the international investment community that his administration would ensure that Nigeria remains a top-level destination for offshore and onshore investments. Receiving the Group Chairman and CEO of Total Energies Worldwide, Mr. Patrick...