IMF Seeks Unified Exchange Rate For Naira         The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get the country a unified exchange rate for the naira. It remained stable at N378 to dollar on the CBN’s official rate. The naira was on...

'Twenty States, Firms To Implement Methanol Fuel Technology'         Over 20 states and private companies are set to partner the Federal Government to implement the methanol fuel technology in their respective domains, the Minister of Science and Technology, Ogbonnya Onu, said on Thursday. Methanol fuel is an...

NNPC, Shell, Total Generate N21bn To Fight COVID-19         The Nigeria National Petroleum Corporation in collaboration with Shell Petroleum Development Company and Total Petroleum Company have said they generated $30m since the beginning of COVID-19, amounting to N21bn to help fight COVID-19 in the country. The Director...

COVID-19: Oil Rises Above $48 On Vaccine Hope         The international oil benchmark, Brent crude, rose above $48 per barrel on Wednesday, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. Brent, against which Nigerian’s oil is priced, rose for a fourth...

FG Okays N39.7bn For Roads, Erosion, Incinerators’ Contracts       The Federal Executive Council on Wednesday approved contracts for different projects totaling about N39.7bn. The contracts include those of road construction, erosion control and purchase of incinerators for hospitals and the offices of the National Centre for Disease...

NDIC Drives Regulation With Fintech       The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, Umaru Ibrahim, has said the NDIC is tapping into the potentials of fintech to effectively execute its business processes easily, speedily and reliably. He said this during the NDIC media forum themed,...