FG to Revive Moribund Assets on Stock Exchange The Ministry of Finance Incorporated, MOFI, the special purpose investment vehicle and asset custodian agency of the Federal Government of Nigeria, has announced its plans to identify, revive and list all moribund government assets on the stock...

NPA, TTP Introduce N50 Stamp Duty on Truck Drivers The Nigerian Ports Authority, NPA, and the Tucks Transit Parks, TTP, have introduced a mandatory N50.00 stamp duty payment on every N1,000 receipt issued to truck drivers. In a notice to all stakeholders issue yesterday, the management...

No Intention to Hike Fuel Price, Says NNPCL The Nigerian National Petroleum Company Limited says it has no intension to increase the retail pump price of Premium Motor Spirit, popularly called petrol. In a post by the company, posted around 11:48pm on Monday on its official...

CBN Governor Blames Speculators for Naira's Free Fall The Central Bank of Nigeria (CBN) Acting Governor, Folashodun Shonubi, has said the Bank is taking proactive measures to halt the depreciation of the Naira, with imminent interventions set to be unveiled within the coming days. The Acting...

Fuel Price: Fresh Hike Looms As Landing Cost Rises By 37.4%   There are strong indications that pump price of petrol is expected to record another round of increases, the third within 10 weeks as oil marketers hint that the landing cost of petrol has risen...

Naira Slides Further As Dollar Shortage Hits Banks   The widening gap between the demand and supply of dollars in the banks and at the parallel market has continued to worsen the value of the naira. In less than three weeks, the naira lost N100 after sliding...