Naira Falls to Dollar at N779/$1 at P2P, N772/$1 at Parallel Market The steep fall of the Naira to the United States Dollar continued on Thursday as its value further weakened in the Peer-2-Peer (P2P) and the parallel market segments of the foreign exchange (FX)...

Power Sector Reform Vital For Growth - FG The Minister of State for Power, Goddy Jedy-Agba, has rated the Rural and Electrification Agency high for having impactful projects across the six geopolitical zones of the federation. Jedy-Agba, who said this in a chat with journalists on...

FG Inaugurates NDIC Board, Charges Members on Service Delivery  By Zeenat Sambo The Minister of Finance, Budget and National Planning, Zainab Ahmed, has charged the new Board of Directors of the Nigeria Deposit Insurance Corporation (NDIC) to support policies and programmes of the management that are...

NIN: Why FG Approves Debit Card Merger The Federal Executive Council has approved a memo from the National Identity Management Commission allowing banks to print debit cards that double as National identity cards. Nigerians can now request their commercial banks to provide them with a debit...

Global Oil Production Declining, Not Meeting Fuel Demand - OPEC The Secretary General of the Organisation of Petroleum Exporting Countries, Haitham Al Ghais, has warned that global oil production capacity was dropping. Speaking during a recent interview with S&P Global Commodity Insights, he stated the refinery...

NDIC to Refund Customers, Sell Closed Banks’ Assets The Nigeria Deposit Insurance Corporation has assured depositors of the closed banks of speedy payment of their insured sums, following the revocation of licences of 179 microfinance banks and four Primary Mortgage Banks by the Central Bank...