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...
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, on Monday disclosed that Nigeria’s gas reserves will last the next 94 years.The NUPRC boss spoke at the opening of the 16th Nigerian Association for...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has announced that the National Oil Company will issue its Initial Public Offer to investors.Kyari disclosed this during the 22nd Edition of the NOG Energy...
The Lagos State Government through the Lagos Environmental Sanitation Corps (LAGESC) has vowed to continue on its total clampdown on alcohol sales in parks, street trading, hawking on major highways and garages. LAGESC Corps Marshal, Gbemisola Akinpelu disclosed this, adding...
