22.9 C
Abuja
Saturday, December 7, 2019

UK, AECF Okays £16m To Support Solar Power In Nigeria, Four Others

UK, AECF Okays £16m To Support Solar Power In Nigeria, Four Others The United Kingdom and Africa Enterprise Challenge Fund (AECF) have approved a fresh...

Five Ministries To Spend N221m On Refreshments, Meals

Five Ministries To Spend N221m On Refreshments, Meals In 2018, the sum of N221, 015,898 million is appropriated as refreshments and meals for 5 federal...

Solid Minerals Contributed N3.5bn To Federation Account In 2017

Solid Minerals Contributed N3.5bn To Federation Account In 2017 The solid minerals sector contributed N3.5bn to the Federation Account between January and November 2017, the...

World Bank Energy Financing In Nigeria, Others Increase By $7.7bn

World Bank Energy Financing In Nigeria, Others Increase By $7.7bn   The World Bank has stated that it has exceeded its financing target in new energy...

Germany Devotes €20m To Address Unemployment, Migration In Nigeria

Germany Devotes €20m To Address Unemployment, Migration In Nigeria   The Head of Cooperation, Embassy of Federal Republic of Germany in Nigeria, Christopher Wenzel, has said...

Shell Expends N41.1bn On Rivers, Other States’ Projects

Shell Expends N41.1bn On Rivers, Other States’ Projects   The Shell Petroleum Development Company of Nigeria Limited has disbursed a total of N41.1bn ($228m) to fund...

FG Extends Duration of Financial Support to States

The National Executive Council (NEC) Thursday extended the lifespan of the federal government’s financial support to various states of the federation, to cushion the...

FG To Curb Physical Movement Of Dollars

The Federal Government is making plans to set strict border controls on the physical movement of dollars and other foreign currencies. This is expected to...

States Recieved N1.19tr From Federal Government

States Recieved N1.19tr From Federal Government   Between 2015 and September 2017, states got N1.19 trillion support from the Federal Government, Vice President Yemi Osinbajo said...

$48b Forex Inflows, $45b Reserves Stabilise Naira

$48b Forex Inflows, $45b Reserves Stabilise Naira Rising dollar inflows through the Investors’ and Exporters’ (I&E) Forex Window and foreign reserves accretion have stabilised the...
Naira Dollar

Naira Crashes Further to N452/$ on Parallel Market

The naira continued to crash on the parallel FX market on Tuesday as it fell to N452 to the dollar, lower than the N445...

Foreign Shipping Companies Generate $16bn In One Year

Foreign Shipping Companies Generate $16bn In One Year   Foreign shipping companies operating in Nigeria collected freights amounting to $16.15bn in the country in 2017, our...

Investors Gain N22bn as Stock Market Trading Resumes Bullish

Investors gained N22.2billion at the stock market yesterday as the trading resumed on bullish note after two days holiday. The Nigerian Stock Exchange (NSE)...

NIRSAL Recieves Fresh N4.5bn From 3 Banks For Farmers

NIRSAL Recieves Fresh N4.5bn From 3 Banks For Farmers The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from...

FG To Approve N350bn To Settle Exporters’ Debt Through Issue Promissory Note

FG To Approve N350bn To Settle Exporters’ Debt Through Issue Promissory Note   the Executive Director/Chief Executive Officer, Nigerian Export Promotion Council, Mr Olusegun Awolowo, on...

Non-passage Of PIB , Regulations Stall About $100bn Oil Projects

Non-passage Of PIB , Regulations Stall About $100bn Oil Projects   With drawbacks in the passage of the Petroleum Industry Bill (PIB), as well as various...

FG, Oil Firms Owe NDDC N1.27trn, $73m — National Assembly

FG, Oil Firms Owe NDDC N1.27trn, $73m — National Assembly     The National Assembly has said it is set to invite some Federal Government officials and...

Power Sector: EU Invests N53.9bn In Nigeria

Power Sector: EU Invests N53.9bn In Nigeria The European Union on Tuesday announced that it had committed over €156.3m (N53.9bn at N344.88 to one euro)...
cbn

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...

NIMASA Floating Dockyard To Save Nigeria N36bn Annually

NIMASA Floating Dockyard To Save Nigeria N36bn Annually The multimillion dollar floating Dockyard owned by the Nigerian Maritime Administration and Safety Agency (NIMASA) which arrived...