The Nigerian Export Promotion Council (NEPC), says that improved export remains the solution to the free fall of the Naira to the dollar.The Executive-Director of NEPC, Dr Ezra Yakusak, said this at a news conference heralding the Council’s second...
The continued rise in the price of crude oil at the international market has raised anxiety about a further petrol price hike in Nigeria.Reports have it that the product sold at $93.55 per barrel on Monday,The development comes in...
AN analysis of Nigeria’s public debt stock, released by the National Bureau of Statistics, has shown that each Nigerian currently owes N396,376.19 in terms of debt per capita.The NBS published that the country’s total public debt increased by 75.27...
Opeyemi Bamidele, majority leader of the senate, says the upper legislative chamber will screen Olayemi Cardoso, acting governor of the Central Bank of Nigeria (CBN), and deputy governor nominees on Tuesday. The deputy governor nominees are Emem Nnana Usoro,...
The naira came under intense pressure yesterday, leading to a significant depreciation as it fell to N990 to a dollar at the parallel market segment of the foreign exchange market, compared to the N950 to a dollar it traded...
Nigerian National Petroleum Company Limited (NNPCL) and Nigerian Content Development & Monitoring Board (NCDMB), yesterday, signed a Memorandum of Understanding with international oil companies (IOCs) to reduce the contracting cycle to 180 days (about six months). On paper, a...
The Secretary to the Government of the Federation, George Akume, has said the Federal Government will soon unveil the audit report of probe of the Central Bank of Nigeria. President Bola Tinubu had on July 28, 2023, named a...
