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Net FAAC allocation in 2017 hits N1.73trn – NBS
The National Bureau of Statistics (NBS) says the net Federal Account Allocation Committee (FACC) allocation to the 36 states in…
Naira exchanges for N362/$1 as CBN injects fresh $339.89m into forex market
The Central Bank of Nigeria (CBN) on Friday sustained its intervention in the Foreign Exchange market by injecting 339.89 million…
Beware of “wonder banks”, NDIC warns Nigerians
The Nigeria Deposit Insurance Corporation (NDIC) has urged Nigerians to be wary of “wonder banks” that give extraordinary interest…
Buhari approves negotiations for $15b loans to finance rail projects
President Muhammadu Buhari has approved that negotiation should be carried out for $15 billion loan for the completion of work on…
2018 budget: Buhari gives Friday deadline to MDAs for submission of details…
President Muhammadu Buhari on Monday mandated representatives of ministries, departments and agencies (MDAs) that were yet to…
Naira stabilizes against dollar, exchanges for N360/$1
The Naira on Tuesday exchanged at N360.30 to the dollar at the investors’ window.
At the parallel market, the naira traded at…
CBN sustains foreign exchange market liquidity with $210 million
The Central Bank of Nigeria (CBN), on Monday injected 210 million dollars into the inter-bank Foreign Exchange Market, in its bid…
Senate screens CBN, MPC nominees
The Senate Monday screened President Muhammadu Buhari’s two nominees for the position of Deputy Governor of the Central Bank of…
Osinbajo, Adeosun, others for Ogun Investors’ Forum 2018
More than 1,423 key players in the industrial, agricultural and technological sectors of the Nigerian economy will gather in…
Nigeria can generate, transmit over 7,000MW of electricity – Fashola
The Minister of Power, Works and Housing, Mr Babatunde Fashola says that the country now has the capacity to generate not less…