FEC Approves N377.53b Contract For Infrastructure At Extraordinary Meeting
FEC Approves N377.53b Contract For Infrastructure At Extraordinary Meeting
The Federal Executive Council (FEC) in their extraordinary meeting Wednesday approved N377.53 billion for the development...
FG Saves N55bn From Local Fertiliser Production
The production of locally-blended fertiliser has this year saved the Federal Government about $150 million (equivalent of N52 billion) hitherto spent on foreign exchange...
FG To Borrow Additional $700m From Multilateral Agencies Says DMO
FG To Borrow Additional $700m From Multilateral Agencies Says DMO
The Debt Management Office (DMO) has revealed that the outstanding amount of $700 million in...
CBN INITIATIVES HELPING TO ADDRESS INFRASTRUCTURAL GAP, President Jonathan
President Goodluck Jonathan has again given kudos to the initiatives of the Central Bank of Nigeria (CBN), aimed at addressing the infrastructural gap in...
CBN Wont Devalue Naira Now
There is no truth whatsoever in speculations that the naira has been devalued or that a devaluation is imminent, the Central Bank of Nigeria...
CBN Records N123bn Operating Surplus
The Central Bank of Nigeria’s (CBN) Consolidated and Separate Financial Statements for the year ended 2015 released on Wednesday showed that its net income...
CBN Injects $250m into Forex Market
The Central Bank of Nigeria (CBN) has continued its intervention in the interbank foreign exchange market to the tune of $250million in three segments...
Operators Fault Aviation Minister On Alleged N516bn Debt
Operators Fault Aviation Minister On Alleged N516bn Debt
Airline operators have questioned the veracity of the N516 billion debts, which the Minister of State, Aviation,...
NNPC: FG Owes Us N170.6bn Subsidy Payments
NNPC: FG Owes Us N170.6bn Subsidy Payments
The Nigerian National Petroleum Corporation (NNPC) said on Monday that it was being owed N170.6 billion paid to...
CBN Injects $498m in Forex Market
CBN Injects $498m in Forex Market
The Central Bank of Nigeria (CBN) in it's committment to foreign exchange intervention has injected a total of $498...
Coach Izilien Lambasts NFF Over Unpaid $28,750 Wages
Coach Izilien Lambasts NFF Over Unpaid $28,750 Wages
After a lengthy battle spanning 14 years, former Super Falcons coach, Godwin Izilien is not ready to...
EFCC Recovers Over N430 Billion In 8 Months
The Economic and Financial Crimes Commission (EFCC) has disclosed the sum of over N430 billion in different currencies was recovered by the agency from...
At $43.507bn, External Reserves Hit Highest In Five Month
At $43.507bn, External Reserves Hit Highest In Five Month
Buoyed by increasing foreign portfolio investments (FPIs) and stability in crude oil price, Nigeria’s external reserves...
CBN Communique No 72 of Sept 2010
Central Bank of Nigeria Communiqué No. 72 of the Monetary Policy Committee Meeting, September 21, 2010The Monetary Policy Committee (MPC) met on 21st September,...
UK Agrees To Return Nigeria’s $85m Malabu Oil Loot
UK Agrees To Return Nigeria’s $85m Malabu Oil Loot
After many years of legal fireworks, the United Kingdom has given the final clearance for Nigeria...
Nigerian Banks’ Credit Report Poorest Worldwide
The entire 22 deposit money banks in the country process a paltry 1, 500 credit report on a daily basis, The Nation has learnt.
Making...
NSE: Indices Soar By N370 Billion
NSE: Indices Soar By N370 Billion
Ahead of the full year result of listed companies, investors increasing demand for fundamentally sound dividend paying stocks, coupled...
FG Retrieves $64m Electricity Debt
MINISTER of Power, Works and Housing, Babatunde Fashola, has revealed how the Federal Government recovered $64,630,065 electricity debt from the Republic of Niger and...
CBN, Police Jointly Raid Illegal Currency Traders
The Central Bank of Nigeria (CBN), Enforcement Committee on the Abuse of the Naira in collaboration with the FCT Police Command raided different locations...
‘Nigeria Lost $1.150bn Of Potential Gas Income To Flaring In 2016’
‘Nigeria Lost $1.150bn Of Potential Gas Income To Flaring In 2016’
In 2016 alone, Nigeria could not earn about $1.150 billion potential gas revenue because...
