Petrol Sells For N175/litre As Queues Reduce In Abuja       Filling stations, particularly those in some satellite towns of Abuja dispensed petrol at rates higher than the approved N165/litre price on Wednesday, as queues in the Federal Capital Territory gradually reduced. Thousands of commuters had been left...

Nigeria’s Trade Deficit Rises By 49% To $2.5bn     The nation’s trade deficit rose month-on-month by 49 percent to $2.5 billion in January from $1.69 billion in December last year even as foreign trade stood at $8.14 billion during the period. Also capital importation dropped by 31...

On World Creativity and Innovation Day, by Kashifu Inuwa     Thank you for coming. It is truly a pleasure and privilege to have you this afternoon. Today is a double celebration of NITDA’s 20th Anniversary and World Creativity and Innovation Day. It is an International Creativity...

Senate Approves N257bn For Customs Service The Nigerian Senate has approved the sum of N257billion from the 2021 budget for the Nigeria Customs Service. From this amount, N2billion was earmarked for welfare incentive for retiring staff and another N180million for fumigation. The Senate also approved N1.678trillion as...

DBN Appoints new Executive Director, Non-Executive Director. The Development Bank of Nigeria (DBN), Nigeria’s primary wholesale development finance institution has announced the appointments of Mrs. Ijeoma Ozulumba and Mr. Kyari Abba Kyari as Executive Director and Independent Non-Executive Director respectively on the board of the...

Forex: CBN Asks Exporters To Repatriate Proceeds The Central Bank Governor, Godwin Emefiele, has urged exporters to repatriate export proceeds in order to boost foreign exchange inflow in the country. He spoke while making a presentation at Zenith’s Bank’s 2021 export seminar on Tuesday. Emefiele...