Category: Business
Outrage as Airtel compels subscribers to re-register SIMs
For subscribers of Airtel telecommunications firm, this is not a pleasant period. The network recently called on its subscribers to go for another round of Know Your Customer (KYC) exercise, […]
CBN supplies $254.8m, CNY 35.8m to retail market
The Central Bank of Nigeria (CBN), on Thursday, boosted the retail Secondary Market Intervention Sales (SMIS) market with the supply of about $254.8million. The CBN spokesperson, Mr. Isaac Okorafor, said […]
FEC okays $247.3m loan from French govt, AfDB for electrification
The Federal Executive Council (FEC), , approved $247.3 million loan facility from the African Development Bank (AfDB) and the French government. Disclosing this while briefing State House correspondents after the […]
NNPC spent only $1.2bn on Brass LNG project, says Baru
The Nigerian National Petroleum Corporation (NNPC) has confirmed that the actual historical amount spent on the Brass LNG project from inception to date is about $1.2 billion against the claim […]
No subsidy removal until solution is found, says Finance minister
The Federal Government has said that until it is able to find the right formula to cushion the effect of subsidy removal, it would not contemplate removing subsidy. Minister of […]
Inflation drops to 11.25 %, says NBS
The National Bureau of Statistics (NBS) said the country’s inflation measured by Consumer Price Index (CPI) in March was 0.06 per cent points lower than the rate recorded in February. […]
Don’t remove fuel subsidy, NUPENG, PENGASSAN urge Fed Govt
Workers in the oil and gas sector have advised President Muhammadu Buhari to shun any counsel that would destabilise or cause chaos in the economy. The Nigeria Union of Petroleum […]
Forex market gets $210m CBN boost
The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, April 16, 2019. […]
FG to issue N20bn 30-year bond on April 24
The Debt Management Office (DMO) has disclosed that the Federal government will on April 24, issue a 30-year bond for the first time. The DMO announced in a circular on […]
NNPC owed no cash call arrears in 2018 – Baru
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has stated that in 2018 fiscal year, the corporation fully paid its share of cash call […]