Super Eagles captain, Ahmed Musa, has again demonstrated his love for humanity and won the hearts of many Nigerians by announcing a reduction in the pump price of petrol at his fuel station located in Kano.Recall that Nigerian National...
The Nigerian National Petroleum Company (NNPC) Limited says remitting an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for June 2023 shows a positive trajectory. Umar Ajiya, NNPC’s chief financial officer (CFO), said the move...
The Senate has set measures aimed to diversify the economy through Bitumen Development, as the Bill seeking to establish the Bitumen Development Commission passed first reading.The bill sponsored by Senator Jimoh Ibrahim Representing Ondo South seeks for the establishment...
Tension looms in the South East region following the hike in the price of petrol across the country and to this end, the youths and transporters are set to commence on mass protests in the region.South East Transporters disclosed...
The Poultry Association of Nigeria (PAN) has expressed its concerns over scarcity of maize, as one of the primary ingredients in the production of feeds for birds in the market, thereby putting over 25 million jobs in the value...
Rising food and energy costs combined with currency depreciation has pushed Nigeria’s inflation rate to the highest point in 18 years. Inflation rate, which stood at 22.41 per cent in May, rose for the sixth consecutive month to around...
From the Central Bank of Nigeria (CBN) yesterday came a directive to International Money Transfer Operators (IMTOs): pay dollars received through Diaspora remittances to domestic beneficiaries in naira. A circular to banks, IMTOs and the public by CBN Director,...
The Central Bank of Nigeria, CBN, has vowed to close several accounts in order to enforce the banking industry’s determination to protect customers’ bank accounts. According to the Nigeria Inter-Bank Settlement System (NIBSS) Plc, all accounts being operated without...
The Debt Management Office (DMO) says Nigeria has redeemed a $500 million Eurobond on its due date, July 12, 2023. Eurobond is a debt instrument that’s denominated in a currency other than the home currency of the country or...
The naira, on Friday, depreciated by 1.87 percent to close at N776.9/$ at the investors and exporters (I&E) window. Data from FMDQ Securities Exchange, a platform that oversees foreign exchange (FX) trading in Nigeria, showed that the local currency...
