Forex Shortage Delays Crude Supplies – Dangote Chinese state energy major, PetroChina, has been waiting to unload a cargo of United States crude at Nigeria’s giant new refinery for nearly a month due to payment issues, according to four trading sources and shipping data, Reuters...

Naira Depreciates to N1,405/$ in Parallel Market The Naira depreciated to N1,405 per dollar in the parallel market, from N1,305 per dollar on Wednesday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,309.88 per dollar. Data from FMDQ showed that the indicative exchange...

The Information Minister and National Orientation, Mallam Idris Mohammed Malagi, and the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, have emphasized the indispensable benefits of Public Relations (PR) for national development. 

Nigeria Air: Former Aviation Minister, Hadi Sirika, in EFCC Custody Over N8bn Fraud The Economic and Financial Crimes Commission (EFCC) has arrested Hadi Sirika, Minister of Aviation under former President Muhammadu Buhari’s administration over an ongoing N8 billion money laundering probe of Nigeria Air. The ex-minister...

Nigeria to Receive $2.2bn Loan from World Bank The Federal Government is looking forward to receiving around $2.2 billion single-digit interest loan from the World bank and another budget support facility from the African Development Bank (AfDB). Minister of Finance, Wale Edun disclosed this during the...

How Naira Emerged World Best Performing Currency - Cardoso The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, has explained why Naira made a remarkable rebound and emerged the world’s top-performing currency in April 2024. Cardoso made this remark in a press briefing on the sidelines...