Again, FG Seeks $400m W'Bank Loan to Fund 15m Households The Federal Government has applied for a fresh loan of $400m for the conditional cash transfer to 15 million households as one of the measures to cushion the effects of the removal of petrol subsidy. The...

Dollar Supply Rises after CBN Lifts Forex Ban on 43 Items By Zeenat Sambo Dollar supply in Nigeria soared after the Central Bank of Nigeria (CBN) scrapped restrictions on buying foreign currency required to import 43 items, in a bid to stem the naira’s 40 per...

JUST IN: Finance Minister, Wale Edun, to Chair World Bank's Africa Governors' Forum The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has been appointed by the World Bank to chair the Africa Governors’ Forum of the global financial institution. Edun is the...

FG Orders Contractors to Complete AAK Gas Pipeline by 2024 Minister of State Petroleum Resources, Ekperikpe Ekpo, has charged contractors handling the 614-kilometer Ajaokuta, Kaduna, Kano gas pipelines project not to default on the promised July/August 2024 completion deadline. Spokesperson for the Minister, Louis Ibah, in...

After Telecom Pays Debts, NCC Restores Regulatory Services to Globacom The Nigerian Communication Commission (NCC) has restored regulatory services to one of its licensees, Globacom Limited. NCC’s spokesman, Reuben Muoka, disclosed this in a statement on Friday. Mr Muoka said this came after Globacom successfully cleared its...

CBN Restates Commitment to Single FX Market The Central Bank of Nigeria (CBN) has restated its commitment to boost liquidity in forex Market. This was contained in a report signed by the CBN Director, Corporate Communications, Isa AbdulMumin on Thursday, that the apex bank will continue...